Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    943-1063 W Montauk Hwy West Babylon, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two restaurant spaces available in a busy shopping center.

    Type:RETAIL
    Property size:
    4,981 SF
    Lot size:
    44.00 Acres
    Added:
    Mar 18, 2024
    Days on Market:
    774
    Last Refresh:
    Apr 5 at 9:41 pm

    Property Features for 943-1063 W Montauk Hwy

    General Information

    Standard status
    Active
    Size
    4,981 SF
    Lot size
    44.00 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 943-1063 W Montauk Hwy Contact us

    We can help!

    Listing Contact
    Jason Sobel
    Jason Sobel

    Listing agent Jason Sobel

    Listing office RIPCO Real Estate - Long Island

    Listing date Mar 18, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate - Long Island

    Overview

    Restaurant Spaces in West Babylon

    Two second-generation restaurant spaces are available within a prominent shopping center located on the South Shore of Long Island. The property benefits from excellent visibility on the heavily trafficked Montauk Highway, also known as Route 27A. New tenants, including Ulta and Chick-fil-A, are upcoming additions to the shopping center. The available spaces are suitable for restaurant and retail use. The property size is 4981 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Merrineck Plaza — 922 Montauk Hwy, Copiague, NY 11726

    Location Insight

    • Map
    • Local Demand
    City
    West Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.3919
    Latitude
    40.6696

    Nearby Similar for Lease

    • $3,800/Mo

      Versatile Commercial Space in Babylon

      Flexible office and garage space near major highways.
      379 Sheffield Avenue, West Babylon, NY 11704
      View Details
    • $2,895/Mo

      West Babylon Retail/Office Space

      Retail or office space available in West Babylon, New York.
      183 Great East Neck Road, West Babylon, NY 11704
      View Details
    • $28 SF/Yr

      West Babylon Office Space Available

      Office space for lease in West Babylon, New York.
      1025-1033 Little E Neck Rd, West Babylon, NY 11704
      View Details
    • $1,575/Mo

      Commercial Space For Rent

      Commercial property available for rent, first month free!
      380 Sunrise Hwy, West Babylon, NY 11704
      View Details
    • Contact for pricing

      Retail Locations Available For Lease

      Multiple retail locations available for lease across the United States.
      1035 West Montauk Highway, West Babylon, NY, 11704
      View Details
    • $16 SF/Yr

      West Babylon Warehouse Space Available

      7,500 SF warehouse space for lease in West Babylon.
      501551 Sheffield Ave, West Babylon, NY
      View Details
    • $16 SF/Yr

      West Babylon Freestanding Industrial Building

      7,000 SF West Babylon industrial building for lease.
      59 Nancy St, West Babylon, NY
      View Details
    • Contact for pricing

      Restaurant Spaces in West Babylon

      Two restaurant spaces available in a busy shopping center.
      735-795 W Montauk Hwy, West Babylon, NY
      View Details
    • Contact for pricing

      Prime Retail Space on Montauk

      Premier shopping destination with frontage on Montauk Highway.
      620 Montauk Hwy, West Babylon, NY
      View Details
    • Contact for pricing

      Restaurant/Retail Spaces in Shopping Center

      Two restaurant spaces available in a high-traffic shopping center.
      895 Montauk Hwy, West Babylon, NY
      View Details
    • Contact for pricing

      West Babylon Industrial Space Available

      Industrial property in West Babylon, suitable for cannabis users.
      73 Nancy St, West Babylon, NY
      View Details
    • Contact for pricing

      Retail Space on Sunrise Highway

      Retail property available for rent with 7,082 square feet.
      614 Sunrise Hwy, West Babylon, NY
      View Details

    FAQs

    What type of property is this?
    Shopping center - Two restaurant spaces available in a busy shopping center.
    Where is this shopping center located?
    The property is located at 943-1063 W Montauk Hwy West Babylon, NY.
    What are key features of this property?
    This property features: Located in one of the largest and strongest shopping centers on Long Island's South Shore.; Excellent visibility on heavily trafficked Montauk Highway (Route 27A).; Two 2nd Generation Restaurant Spaces Available.
    (347) 865-4524 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Sobel
    Jason Sobel
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!