Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    69 Horseblock Rd Centereach, NY 11720

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,600 /Mo

    1700 sq ft warehouse featuring a 500 sq ft office.

    Lot size:
    0.82 Acres

    Property Features for 69 Horseblock Rd

    General Information

    Lot size
    0.82 Acres

    We can help!

    Listing Contact
    William R. Tart Gri
    Source: Elliman

    Listing Agent: William R. Tart Gri

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

    Learn more

    Overview

    Warehouse with Second Floor Office

    This property features a 1700 sq ft warehouse space, complemented by a 500 sq ft office located on the second floor. The warehouse is equipped with a 10 ft overhead door, facilitating convenient access and operations.
    Location Intelligence

    Current Use by Public Records

    Extreme Concrete Designs Contractor Bi-County Concrete & Masonry ... Concrete Contractor Rogers Consulting Business Management Consultant The Shop Corporate Office Getshotblasted Contractor

    Suggested Use

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

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

    Similar Places Nearby

    Prime Storage

    Location Insight

    • Map
    • Local Demand
    City
    Centereach
    County
    Suffolk
    State
    New York
    Longitude
    -73.06862
    Latitude
    40.851667

    Nearby Similar for Lease

    • $4,200 /Mo
      2,600 SF

      Centereach Office Space For Rent

      Second-floor office space in prime Centereach location, available furnished.
      2450 Middle Country Rd, Centereach, NY 11720
      View Details
    • $2,200 /Mo
      640 SF

      Centereach Commercial Space for Rent

      640 sq ft commercial space on a high-visibility corner lot.
      158 Holbrook Rd, Centereach, NY 11741
      View Details
    • Contact for pricing
      5,600 SF

      Centereach Medical Office Space For Lease

      5,600 SF Medical Office - High Visibility
      2101 Middle Country Rd, Centereach, NY 11720
      View Details
    • Contact for pricing
      387,034 SF

      Centereach Square: Retail Opportunity

      High-traffic retail center, multiple spaces available.
      0 Centereach Mall, Centereach, NY 11720
      View Details
    • Contact for pricing
      18,500 SF

      Retail Space Near Centereach Mall

      Community strip center near Centereach Mall and Walmart.
      1930-1934 Middle Country Rd, Centereach, NY 11720
      View Details
    • $23 SF/Yr

      Retail Space in Centereach, NY

      2,000 sqft retail space available for lease.
      1787 Middle Country Rd, Centereach, NY 11720
      View Details
    • Contact for pricing
      2,400 SF

      Centereach Retail Space Available

      Retail space for lease with high traffic volume.
      141-157 Centereach Mall, Centereach, NY 11720
      View Details
    • Contact for pricing
      997 SF

      Centereach Retail Space For Rent

      Retail space available in Centereach Mall with high traffic.
      247-253 Centereach Mall, Centereach, NY 11720
      View Details
    • Contact for pricing
      1,400 SF

      Centereach Retail Space Available

      Retail space for lease in Centereach Mall.
      191-243 Centereach Mall, Centereach, NY 11720
      View Details
    • Contact for pricing
      4,465 SF

      Retail Space Near Smithaven Mall

      Retail space with high visibility and ample parking available.
      2003-2089 Burr Ln, Centereach, NY
      View Details
    • Contact for pricing
      2,025 SF

      Centereach Retail Space Available

      Retail space for lease in Centereach Mall.
      15-17 Centereach Mall, Centereach, NY 11720
      View Details
    • $1,900 /Mo

      Comfortable Apartment with Large Basement

      Apartment with basement; water and heating included; pets allowed.
      12 Bruce Dr, Centereach, NY 11720
      View Details

    FAQs

    What type of property is this?
    Warehouse - 1700 sq ft warehouse featuring a 500 sq ft office.
    Where is this warehouse located?
    The property is located at 69 Horseblock Rd Centereach, NY.
    What are key features of this property?
    This property features: - 1700 sq ft warehouse space; - 500 sq ft 2nd floor office; - 10 ft overhead door
    (631) 345-5600
    Request Owner's contact information
    69 Horseblock Rd Centereach, NY 11720
    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.
    69 Horseblock Rd
    Centereach, NY 11720
    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
    69 Horseblock Rd Centereach, NY 11720
    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
    William R. Tart Gri
    (631) 345-5600
    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.