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

    3067 Middle Country Rd Centereach, NY

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

    1.15 acre commercial land with pre-approved 7,000 sqft building.

    Type:LAND
    Lot size:
    1.15 Acres
    Added:
    Oct 30, 2023
    Days on Market:
    908
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 3067 Middle Country Rd

    General Information

    Standard status
    Active
    Lot size
    1.15 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Gerry McCloskey

    Listing agent Gerry McCloskey

    Listing office New York Commercial Real Estate

    Listing date Oct 30, 2023

    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 New York Commercial Real Estate

    Overview

    Centereach Commercial Land For Sale

    This commercial land parcel, situated in Centereach, NY, offers 1.15 acres of space. The property is zoned commercial J-2 and has pre-approved plans for a strip center building of up to 7,000 square feet. The annual taxes are $19,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Centereach
    County
    Suffolk
    State
    New York
    Longitude
    -73.107
    Latitude
    40.8592

    Nearby Similar for Sale

    • $699,000

      Centereach Office Space For Sale

      Office spaces in high-traffic Centereach location on Middle Country Road.
      2539 Middle Country Road, Centereach, NY 11720
      View Details
    • Contact for pricing
      3,549 SF

      Established Dental Office For Sale

      Long-term dental tenant in medical corridor.
      1 Mark Tree Road, Centereach, NY, 11720
      View Details
    • $1,950,000

      Approved Medical Development Site

      Shovel-ready site for two Class A medical buildings.
      1742 Middle Country Rd, Centereach, NY 11720
      View Details
    • $1,500,000
      3,500 SF

      Centereach Retail Building For Sale

      Free-standing retail building with stable income and redevelopment potential.
      1442 Middle Country Rd, Centereach, NY
      View Details
    • $1,999,000
      4,200 SF

      Freestanding Retail Building For Sale

      Highly visible, renovated retail building with flexible zoning and ample parking.
      2845 Middle Country Rd, Centereach, NY
      View Details
    • $10,440,000
      58,000 SF

      Centereach Retail Property For Sale

      58,000 SF retail property in Centereach, NY.
      2100 Middle Country Rd, Centereach, NY
      View Details
    • Contact for pricing
      87,949 SF

      Centereach Center Retail Investment

      Fully leased retail center in central Suffolk County.
      1980 Middle Country Rd, Centereach, NY
      View Details
    • $310,000

      Spacious Lot in Centereach, NY

      Over an acre of land to build your dream home.
      N Coleman Road, Centereach, NY 11720
      View Details
    • $2,500,000
      5,600 SF

      Centereach Retail Redevelopment Opportunity

      Free-standing retail site with redevelopment potential and ample parking.
      14 Dawn Dr, Centereach, NY
      View Details
    • Contact for pricing
      5,600 SF

      Centereach Retail and Office Space

      5,600 SqFt retail and office space available for sale.
      2101 Middle Country Rd, Centereach, NY 11720
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.15 acre commercial land with pre-approved 7,000 sqft building.
    Where is this commercial land located?
    The property is located at 3067 Middle Country Rd Centereach, NY.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Pre‑Approved for a Building Size up to 7,000 Sq. Ft.; Lot Size: 1.15 Acres; Commercial J‑2 Zoning
    (516) 810-4756 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gerry McCloskey
    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!