Riverhead Office Building For
211 Roanoke Ave Riverhead, NY 11901
For Sale
$650,000
Two-story office building in downtown Riverhead with parking.
Property Size2,437 SF
Lot Size0.14 Acres
Price / SF$266.72
Days on Market95
Property Features for 211 Roanoke Ave
General Information
Standard status
Active
Size
2,437 SF
Lot size
0.14 Acres
Property subtype
Commercial
Listing Agency:
Richmond Realty Corp
(631) 727-5500
Listed By:
Isaac D. Israel · License #30IS0938988
(631) 727-5500
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 2:59AM
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 Richmond Realty Corp
Investment Insights
Based on property information with market context.
This two-story office building features 1,419 square feet on the first floor and 1,018 square feet on the second floor. The property is situated on 0.14 acres in Riverhead, New York, and is located in close proximity to Main Street in downtown Riverhead. The building includes eight private parking spaces, with additional on-street and municipal parking available across the street. It is serviced by public sewer and water, natural gas, and has two electric meters. The property is zoned as Downtown Center (DC-3), allowing for a variety of uses.
Key Highlights
- Prime Riverhead real estate location.
- Zoned Downtown Center (DC‑3) allowing for many uses.
- 8 private parking spaces plus on‑street and municipal parking.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $27.96 |
| − Vacancy | −$12.3k | −$5.03 |
| EGI | $55.9k | $22.93 |
| − OpEx | −$14.0k | −$5.73 |
| NOI | $41.9k | $17.20 |
2,437 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.6K
$523.8K – $698.4K
NOI $41,905 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$742.4K
$649.6K – $866.2K
NOI $51,970 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in downtown Riverhead with parking.
Where is this office building located?
The property is located at 211 Roanoke Ave Riverhead, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime Riverhead real estate location.; Zoned Downtown Center (DC‑3) allowing for many uses.; **8 private parking spaces** plus on‑street and municipal parking.
