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    Renovated Office Building with Parking Title is generated by Realmo AI

    1115 Montauk Hwy, East Patchogue, NY 11772

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    For Lease
    $500 /Mo

    Renovated office building with private offices and ample parking.

    Type:Commercial
    Lot size:
    0.54 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 26 at 4:12 am

    Property Features for 1115 Montauk Hwy

    General Information

    Standard status
    Active
    Lot size
    0.54 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Frank J. Mosca CBR SRS

    Listing agent Frank J. Mosca CBR SRS

    Listing office

    Listing date Mar 26, 2026

    Source Elliman

    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 Frank J. Mosca CBR SRS

    HighLights

    • Renovated office building ready for your business.
    • Ample parking available for tenants and clients.
    • Four private offices each featuring private entrances.
    • Option to rent offices separately or combined for flexible space solutions.
    • Two common bathrooms provided for tenant convenience.
    • Optional fenced parking lot available for company vehicles.

    Overview

    This renovated office building offers ample parking, with an optional fenced parking lot suitable for company vehicles. The building is divided into four private offices, each with its own private entrance. These offices can be rented separately or combined. Tenants have access to two shared common bathrooms. The property is suitable for small businesses or use as satellite office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Coast Mechanical Hardware & Home Improvement East Coast Mold ... Home Inspector East Coast Mold ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    East Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -72.973125
    Latitude
    40.769589

    Nearby Similar for Lease

    • $2,400/Mo

      East Patchogue Commercial Space Available

      Commercial space for rent, convenient location near hospital.
      250 Patchogue Yaphank Road, East Patchogue, NY 11772
      View Details
    • Contact for pricing

      Retail Space on Montauk Highway

      Retail space with high visibility and easy highway access.
      655 Montauk Hwy, East Patchogue, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office building with private offices and ample parking.
    Where is this office units located?
    The property is located at 1115 Montauk Hwy East Patchogue, NY.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Renovated office building ready for your business.; Ample parking available for tenants and clients.; Four private offices each featuring private entrances.
    We can help!
    Listing Contact
    Frank J. Mosca CBR SRS
    Learn More
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    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
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    1115 Montauk Hwy, East Patchogue, NY 11772
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