Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 Old Country Rd Riverhead, NY 11901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    37.7-acre parcel with buildable area and wetlands.

    Lot size:
    37.70 Acres

    Property Features for 411 Old Country Rd

    General Information

    Lot size
    37.70 Acres

    We can help!

    Listing Contact
    David Sargoy
    Source: Moodyscre

    Listing Agent: David Sargoy

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

    Learn more

    Property Insight Report

    Overview

    Riverhead Land Parcel For Sale

    This property consists of 37.7 acres, including 10.4 acres of buildable land and 26.9 acres of wetlands. The property benefits from high visibility on Old Country Road, situated just east of the BJ's Retail Center. Bank of America is located adjacent to the property, and Northville Commerce Park is across the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6559588
    Latitude
    40.9339331

    Nearby Similar for Sale

    • $5,500,000
      35,725 SF

      Luxury Estate Ideal Boutique Hotel

      Breathtaking estate suited as private luxury compound or boutique hotel.
      19 Bedroom Hotel, Riverhead, NY 11901
      View Details
    • $2,200,000
      7,000 SF

      Renovated Office Complex on Route 25

      Two renovated office buildings totaling 7,000 SF on 2.52 acres.
      189 Rte 25/Main Rd, Riverhead, NY 11901
      View Details
    • $1,699,999
      2,950 SF

      Equestrian Property on Long Island

      Equestrian property on 4.5 acres, ideal for horse enthusiasts.
      2746 Sound Ave, Riverhead, NY 11901
      View Details
    • $3,499,000
      1.75 Acres

      Unique Commercial Property on North Fork

      Multi-unit commercial property in Long Island's North Fork wine region.
      3225 Sound Ave, Riverhead, NY 11901
      View Details
    • $679,988
      2,750 SF

      Riverhead Duplex with Rental Income

      Two-family home in Riverhead, currently generating rental income.
      418 Lincoln St, Riverhead, NY 11901
      View Details
    • $799,000
      0.12 Acres

      Riverhead Two-Family Home For Sale

      Two-family home in Riverhead with existing rental income.
      418 Lincoln St, Riverhead, NY 11901
      View Details
    • $1,050,000
      Pending

      Mixed-Use Retail/Residential Riverhead Opportunity

      Two-story, 4,843 SF mixed-use building with retail and residential potential.
      54 W Main St, Riverhead, NY 11901
      View Details
    • $698,000
      2,000 SF

      Affordable Office Building on Main

      Two-story office building near transit-oriented development and local amenities.
      230 W Main Rd, Riverhead, NY 11901
      View Details
    • $898,000
      3,000 SF

      Riverhead Commercial Building Near Courts

      3,000 sq ft commercial building near courts in Riverhead, NY.
      145 Griffing Ave, Riverhead, NY 11901
      View Details
    • $579,000
      1,417 SF

      Gated Community Townhouse Near Beach

      Townhouse in gated community with beach access and resort-like amenities.
      1202 Willow Pond Dr, Riverhead, NY 11901
      View Details
    • $1,750,000
      3,446 SF

      Medical Office Building on Old Country Road

      Two-unit medical office building in Riverhead, ideal for owner/user.
      1190 Old Country Rd, Riverhead, NY 11901
      View Details
    • $205,000
      960 SF

      Active 55+ Community Home

      Double-wide home in active 55+ community with pond views.
      1661 Old Country Rd, Riverhead, NY 11901
      View Details

    FAQs

    What type of property is this?
    Land - 37.7-acre parcel with buildable area and wetlands.
    Where is this land located?
    The property is located at 411 Old Country Rd Riverhead, NY.
    What are key features of this property?
    This property features: - 10.4 Acres Buildable Land; - 37.7 Total Acres; - Excellent Visibility on Old Country Road
    (516) 203-8134
    Request Owner's contact information
    411 Old Country Rd Riverhead, NY 11901
    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.
    411 Old Country Rd
    Riverhead, NY 11901
    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
    411 Old Country Rd Riverhead, NY 11901
    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

    We can help!
    Listing Contact
    David Sargoy
    (516) 203-8134
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.