Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    224 Griffing Avenue Riverhead, NY 11901

    View on Map
    Claim this Listing
    New
    For Lease
    $1,200 /Mo

    COMMERCIAL - Riverhead, NY

    Type:Office
    Lot size:
    0.12 Acres
    Added:
    May 5, 2026
    Days on Market:
    2
    Last Refresh:
    May 6 at 1:06 am

    Property Features for 224 Griffing Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    8
    Standard status
    Active
    APN
    0600-128-00-05-00-003-000
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17567

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Dolores Peterson PSA SFR
    Dolores Peterson PSA SFR

    Listing agent Dolores Peterson PSA SFR License #10301210205

    Listing office Douglas Elliman Real Estate 28200 Main Rd, Huntington Station, NY

    Listing date May 5, 2026

    MLS# 995142

    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.

    Overview

    Professional Office Space For Rent

    Professional office space is available within a law office. The rental includes heating, air conditioning, and electricity, as well as access to a conference room. The property is conveniently situated across the street from the Suffolk County Riverhead Courthouse, Town Hall, and train station. Municipal parking is available nearby. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mary C. Hartill, ... Law Firm The Law Office of Jeena ... Law Firm De Chance Paul ... Law Firm Andes & Andes Law Firm Marie Claire Realty Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6649172
    Latitude
    40.9189854

    Nearby Similar for Lease

    • $2,900/Mo

      Riverhead Office/Storefront for Rent

      723 sq ft office/storefront in downtown Riverhead, NY.
      131 Roanoke, Riverhead, NY 11901
      View Details
    • $5,000/Mo

      Riverhead Commercial Space For Lease

      2,960 SF commercial building in a busy mixed-use complex.
      3225 Sound Avenue, Riverhead, NY 11901
      View Details
    • $5,000/Mo

      Riverhead Commercial Space For Lease

      2,960 SF commercial building in busy mixed-use complex.
      3225 Sound Avenue, Riverhead, NY 11901
      View Details
    • Contact for pricing

      Renovated Building with Flexible Zoning

      Renovated 2,400 SF building with basement and flexible zoning.
      487 Main Rd A, Riverhead, NY 11901
      View Details
    • $750/Mo

      Furnished Offices and Shared Workstations

      Furnished offices and workstations in downtown Riverhead with included utilities.
      30 W Main St 207, Riverhead, NY 11901
      View Details
    • Contact for pricing

      Retail Space in Vinland Commons

      Retail space available in high-traffic Vinland Commons Center.
      1116 Main Rd 7, Riverhead, NY 11901
      View Details
    • Contact for pricing

      Downtown Riverhead Office/Storefront for Rent

      723 sq ft office/storefront in downtown Riverhead for rent.
      131 Roanoke, Riverhead, NY 11901
      View Details
    • Contact for pricing

      Riverhead Office Space For Lease

      1,506 SF office space in busy shopping center.
      180 Old Country Rd, Riverhead, NY 11901
      View Details
    • $22 SF/Yr

      Riverhead Retail Space Available

      Former 'Big Lots' box in a fully occupied shopping center.
      1087-1101 Old Country Rd, Riverhead, NY
      View Details
    • $4,700/Mo

      Renovated Office Space Available

      Fully renovated office space in Riverhead, ideal for professional use.
      189 Main- Suite A Road, Riverhead, NY 11901
      View Details
    • Contact for pricing

      Riverhead Plaza Retail Space

      2,970 SF retail space in Riverhead Plaza available for lease.
      655 Old Country Rd, Riverhead, NY
      View Details
    • Contact for pricing

      Retail Space in Riverhead Hub

      Retail space in Riverhead's central retail hub for lease.
      1088-1106 Old Country Rd, Riverhead, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with included utilities near Riverhead Courthouse.
    Where is this office units located?
    The property is located at 224 Griffing Avenue Riverhead, NY.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Prime location directly across from Suffolk County Riverhead Courthouse, Town Hall, and Train Station.; Rent includes heating, A/C, and electric.; Access to a conference room.
    (631) 413-7572
    We can help!
    Listing Contact
    Dolores Peterson PSA SFR
    Dolores Peterson PSA SFR
    Real Estate License ID: 10301210205
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    224 Griffing Avenue, Riverhead, NY 11901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!