Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    3 Acres of Zoned Land Title is generated by Realmo AI

    267 & 273 West Montauk Highway, Hampton Bays, NY 11946

    View on Map
    Claim this Listing
    For Sale
    $1,799,000

    Three acres of land zoned R20 available for sale.

    Type:Land
    Lot size:
    3.00 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    193
    Last Refresh:
    Apr 5 at 9:35 pm

    Property Features for 267 & 273 West Montauk Highway

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael J Willmott
    Michael J Willmott

    Listing agent Michael J Willmott License #10301222908

    Listing office Westhampton Beach

    Listing date Nov 18, 2025

    Source Corcoran

    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 Westhampton Beach

    HighLights

    • R20 Zoning
    • Total of 3 acres
    • Access Road off of Bess Lane
    • Not sold separately
    • Additional Property Details Available
    • Professional photos coming soon

    Overview

    This property features three acres of land with R20 zoning. Access to the property is planned off of Bess Lane. Note that the property is not available for individual sale. Currently, there are no permits associated with this property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Hampton Bays
    County
    Suffolk
    State
    New York
    Longitude
    -72.5538
    Latitude
    40.864

    Nearby Similar for Sale

    • $17,900,000
      2,000 SF

      Waterfront Restaurant and Marina Opportunity

      Iconic Hampton Bays waterfront restaurant and marina for sale.
      369 Dune Road, Hampton Bays, NY 11946
      View Details
    • $2,000,000
      4,246 SF

      Hampton Bays Bed & Breakfast

      Renovated 1930s bed & breakfast or private waterside home.
      296 East Montauk Highway, Hampton Bays, NY 11946
      View Details
    • $2,395,000
      2,804 SF

      Renovated Farmhouse Near Hampton Bays

      Meticulously renovated farmhouse near the ocean, shops, and dining.
      11 Shinnecock Road, Hampton Bays, NY 11946
      View Details
    • $2,845,000
      3,750 SF

      Hampton Bays Multi-Unit Compound

      Four renovated homes near Peconic Bay beach access.
      73 North Road, Hampton Bays, NY 11946
      View Details
    • $6,495,000
      8,160 SF

      Ocean & Bay View Restaurant

      Restaurant and bar with unmatched ocean and bay views.
      363 Beach Road, Hampton Bays, NY 11946
      View Details
    • $1,100,000

      Hampton Bays Vacant Land

      0.81 acre commercial land with high visibility.
      110 E Montauk Highway, Hampton Bays, NY 11946
      View Details
    • $1,500,000
      2,919 SF

      Income-Producing Multi-Family Property

      Rare income-producing property with two residences and multiple buildings.
      153 Ponquogue Avenue, Hampton Bays, NY 11946
      View Details
    • $6,250,000

      Bayfront Restaurant & Boutique Inn

      Unique waterfront hospitality property in Hampton Bays with restaurant and inn.
      32 Lighthouse Road, Hampton Bays, NY 11946
      View Details
    • $399,000

      Hampton Bays Land For Sale

      Residential land in Hampton Bays, NY, close to town.
      6 Columbine Avenue S, Hampton Bays, NY 11946
      View Details
    • $1,550,000

      Hampton Bays Legal 3-Family

      Legal 3-family investment opportunity near beaches, town, schools, and train.
      134 Ponquogue Ave, Hampton Bays, NY 11946
      View Details
    • $399,000

      Hampton Bays Lot For Sale

      0.47 acre lot in Hampton Bays with room for pool.
      6 Columbine Ave S, Hampton Bays, NY 11946
      View Details
    • $1,725,000
      741 SF

      Hampton Bays Cottage Compound

      Three renovated cottages near Peconic Bay shoreline.
      14 E Landing Rd, Hampton Bays, NY 11946
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three acres of land zoned R20 available for sale.
    Where is this commercial land located?
    The property is located at 267 & 273 West Montauk Highway Hampton Bays, NY.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: R20 Zoning; Total of 3 acres; Access Road off of Bess Lane
    (516) 316-5474
    We can help!
    Listing Contact
    Michael J Willmott
    Michael J Willmott
    Real Estate License ID: 10301222908
    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
    267 & 273 West Montauk Highway, Hampton Bays, NY 11946
    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!