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    Mixed-Use Main Road Property Title is generated by Realmo AI

    1550 Main Road, Riverhead, NY 11901

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    For Sale
    $839,000

    MULTI_FAMILY - Craftsman - Riverhead, NY

    Lot size:
    0.12 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 1550 Main Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Basement, Bedroom 2
    Parking features
    Open, On Street, Driveway, Paved or Surfaced
    Security features
    Security System
    Interior features
    First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), High Speed Internet, Open Kitchen, Storage, Washer/Dryer Hookup
    Basement
    Unfinished, Full, Walk-Out Access, Crawl Space, Storage Space
    Standard status
    Active
    APN
    0600-068-00-02-00-001-000
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9793

    Utilities

    Utilities
    Cable Available
    Sewer type
    Cesspool
    Heating system
    Oil, Hot Water(Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s), Multi Units
    Water source
    Public

    Building Details

    Year built
    1949
    Number of units
    2
    Flooring type
    Tile, Hardwood
    Building materials
    Frame
    Architectural style
    Craftsman
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tyus Gholson

    Listing agent Tyus Gholson

    Listing office First Hampton Int'l Realty LLC 50 Main St, Westhampton Beach, NY

    Listing date Jun 5, 2026

    MLS# 1009720 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use property with a storefront/gallery space plus a connected 2‑bedroom, 1‑bath residence
    • Unfinished second‑floor loft offers expansion potential for added living or workspace (subject to approvals)
    • 6,246 SF lot on Main Road with strong exposure, plus a private driveway and on‑site parking
    • Residential features include first‑floor bedroom, first‑floor full bath, washer/dryer hookup, open kitchen, and high‑speed internet
    • Flooring includes hardwood and tile; heating is oil hot water and cooling includes window/wall unit(s)
    • Public water and cesspool sewer with frame construction (built 1949, Craftsman style)

    Overview

    This fully renovated mixed-use property combines a storefront/gallery space with a thoughtfully updated residential layout. The residence is currently configured as a two-bedroom, one-bath home, and town records indicate a prior three-bedroom configuration. An unfinished second-floor loft provides additional room for future living area, studio, office, or other flexible uses, subject to buyer vision and required approvals. Beyond the interior, the property includes a basement and rear outdoor space, adding more versatility to the overall layout. The site also has public water and a cesspool, along with rear yard access.

    Located on Main Road in Jamesport, the property is described as having strong visibility on a highly visible North Fork setting. It sits on a 6,246 SF lot and benefits from a private driveway with on-site parking, an advantage noted for an area with limited street parking. The land immediately west is protected open space owned by the Town, helping preserve nearby green space and an open setting.

    For an owner-user, the combination of a retail/front-facing space and an attached residence supports live-work or mixed-use operation. Buyers seeking flexibility can also consider the unfinished loft, basement, and rear outdoor space as areas that may be developed or adapted in line with approvals. The property’s mix of storefront and updated living space is well suited to boutique retail concepts, gallery or office use, wellness-related space, or a mixed-use investment structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.58254
    Latitude
    40.949285

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    FAQs

    What type of property is this?
    Live-work space - Renovated storefront and residence on a private-driveway site with parking and added expansion space.
    Where is this live-work space located?
    The property is located at 1550 Main Road Riverhead, NY.
    What is the asking price?
    The asking price for this property is $839,000.
    What are key features of this property?
    This property features: Mixed‑use property with a storefront/gallery space plus a connected 2‑bedroom, 1‑bath residence; Unfinished second‑floor loft offers expansion potential for added living or workspace (subject to approvals); 6,246 SF lot on Main Road with strong exposure, plus a private driveway and on‑site parking
    (631) 655-3386
    We can help!
    Listing Contact
    Tyus Gholson
    Request Owner's contact information
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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.

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