Flex Space
For Sale
$5,245,000
137 Montauk Highway, West Hampton, NY 11977
Flex space building built in 2003 with 100% occupancy and zero vacancy.
Property Size13,000 SF
Price / SF$403.46
Days on Market1420
Property Features for 137 Montauk Highway
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Building Size
13,000 SF
Year Built
2003
Listing Agency:
First Hampton Int'l Realty LLC
(631) 872-0280
Listed By:
Lawrence Citarelli · License #L3532932
(631) 872-0280
Source:
Cohenandcohenrealty
Added: Sep 12, 2022
Changed: Jul 30
Last Checked: Jul 31 at 12:21PM
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 First Hampton Int'l Realty LLC
Investment Insights
Based on property information with market context.
This flex space building at 137 Montauk Highway, Westhampton, NY 11977 was built in 2003 and offers approximately 13,000+/- SF of space. The property is reported as 100% occupied with a vacancy percentage of 0.
The available uses are described broadly to support a tenant mix, including specialty trade and contractor uses, warehouse and flex, storage, and office-related uses. The listing also references potential for showroom, retail, professional, and creative space, which may be useful when evaluating fit for different operators looking for adaptable space.
Whether you plan to occupy or structure a tenant strategy for multiple related uses, the current occupancy profile and the property’s flex configuration are core considerations when reviewing this offering.
The available uses are described broadly to support a tenant mix, including specialty trade and contractor uses, warehouse and flex, storage, and office-related uses. The listing also references potential for showroom, retail, professional, and creative space, which may be useful when evaluating fit for different operators looking for adaptable space.
Whether you plan to occupy or structure a tenant strategy for multiple related uses, the current occupancy profile and the property’s flex configuration are core considerations when reviewing this offering.
Key Highlights
- Approx. 13,000+/- SF flex space building
- Built in 2003
- Reported 100% occupied
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 | $363.5k | $27.96 |
| − Vacancy | −$65.4k | −$5.03 |
| EGI | $298.1k | $22.93 |
| − OpEx | −$74.5k | −$5.73 |
| NOI | $223.5k | $17.20 |
13,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.19M
$2.79M – $3.73M
NOI $223,540 @ 7.0% cap · market cap 4.26%
Second Best
Warehouse
$2.85M
$2.49M – $3.32M
NOI $199,218 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$3.96M
$3.47M – $4.62M
NOI $277,228 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11977, NY
2,837
Population
1,594
Households
1.8
Avg Household Size
51
Median Age
57%
College-Educated
94%
High-School Grad
5.7 sq mi
ZIP Area
498
Density / Sq Mi
$156,406
Median Household Income
$52,500
Median Earnings
$2,031
Median Rent
$1,039,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space building built in 2003 with 100% occupancy and zero vacancy.
Where is this flex space located?
The property is located at 137 Montauk Highway West Hampton, NY.
What is the asking price?
The asking price for this property is $5,245,000.
What are key features of this property?
This property features: Approx. 13,000+/- SF flex space building; Built in 2003; Reported 100% occupied
