Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land on Montauk Highway Title is generated by Realmo AI

    Maure Ave, Patchogue, NY

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

    Land with frontage on Montauk Highway and high traffic counts.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Nov 29, 2023
    Days on Market:
    896
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for Maure Ave

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    We can help!

    Listing Contact
    Christopher R. Mayor

    Listing agent Christopher R. Mayor License #NY 10401293904

    Listing office Island Associates Real Estate, Inc.

    Listing date Nov 29, 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 Island Associates Real Estate, Inc.

    HighLights

    • +/- 125’ frontage on Montauk Highway
    • Owner financing possible
    • Daily traffic counts of 15,250

    Overview

    This property features approximately 125 feet of frontage on Montauk Highway. The location benefits from daily traffic counts of 15,250 vehicles. Owner financing is potentially available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -72.9706
    Latitude
    40.7723

    Nearby Similar for Sale

    • $629,000

      Renovated Commercial Property with Warehouse

      Renovated commercial property featuring warehouse, office, and modern amenities.
      14 E 3rd Street, Patchogue, NY 11772
      View Details
    • $850,000

      Versatile Mixed-Use Property Near Patchogue

      Mixed-use property with professional space, residential unit, and large garage.
      127 N Ocean Avenue, Patchogue, NY 11772
      View Details
    • $2,800,000

      East Patchogue Commercial Building For Sale

      Commercial building in developing East Patchogue, fully leased, month-to-month tenants.
      318 East Main Street, Patchogue, NY 11772
      View Details
    • $499,990

      Waterfront Land in Patchogue, NY

      Rare waterfront parcel for coastal masterpiece with bay views.
      499 Grove Avenue, Patchogue, NY 11772
      View Details
    • $1,050,000
      4,102 SF

      Historic Home Converted Office Space

      Two-story converted historic home with office space and storage.
      139 N Ocean Avenue, Patchogue, NY 11772
      View Details
    • $625,000

      Patchogue Two-Family Home For Sale

      Legal two-family home near train, downtown, beaches, and shopping.
      19 Academy Street, Patchogue, NY 11772
      View Details
    • $2,700,000

      Patchogue Investment Opportunity With Upside

      Long Island property with value-add potential and corporate tenant.
      282 / 274 Medford Ave, Patchogue, NY 11772
      View Details
    • $1,700,000
      12,197 SF

      Auto Repair Shop For Sale

      Auto repair shop with six bays in thriving Patchogue.
      72 Terry Street, Patchogue, NY 11772
      View Details
    • $230,000

      Residential Lot in Patchogue, NY

      9,148 sq ft residential lot near Patchogue Main Street.
      180 River Avenue, Patchogue, NY 11772
      View Details
    • Contact for pricing
      24,000 SF

      Patchogue Village Freestanding Office Building

      Freestanding office building in Patchogue Village with long-term tenant.
      75 Oak St, Patchogue, NY 11772
      View Details
    • $425,000

      Residential Wooded Lot in Patchogue

      Three-acre wooded residential lot with survey and proposed plan.
      N Ocean Avenue, Patchogue, NY 11772
      View Details
    • Contact for pricing
      8,000 SF

      Operating Daycare Facility For Sale

      8,000 SF daycare facility on 1.87 acres for sale.
      7 Crossway Boulevard, Patchogue, NY, 11772
      View Details

    FAQs

    What type of property is this?
    Land - Land with frontage on Montauk Highway and high traffic counts.
    Where is this land located?
    The property is located at Maure Ave Patchogue, NY.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: +/- 125’ frontage on Montauk Highway; Owner financing possible; Daily traffic counts of 15,250
    (631) 513-2000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher R. Mayor
    Real Estate License ID: NY 10401293904
    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

    Thank You for Inquiry
    Maure Ave, Patchogue, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!