Southampton Village Industrial Warehouse
For Sale
$3,999,000
30 Mariner Drive, Southampton, NY 11968
Industrial warehouse with expansion potential in Southampton Village.
Property Size7,500 SF
Lot Size1.37 Acres
Price / SF$533.20
Days on Market226
Property Features for 30 Mariner Drive
General Information
Standard status
Active
Size
7,500 SF
Lot size
1.37 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,044
Amenities
South of the highway
Building Details
Year Built
1999
Listing Agency:
Sag Harbor
(347) 827-5689
Listed By:
Carol Sharks · License #10401301234
(347) 827-5689
Source:
Corcoran
Added: Jan 5
Changed: Aug 13
Last Checked: Aug 18 at 4:16AM
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 Sag Harbor
Investment Insights
Based on property information with market context.
Located on Mariner Drive, in Southampton Village's active industrial corridor, this industrial warehouse offers a value-add opportunity in a supply-constrained market. Classified as Property Class 449 with C-14 industrial warehouse construction, the 7,500-square-foot property is suitable for warehouse, storage, distribution, contractor use, and light manufacturing. Expansion strategies include a second-floor addition of 7,500 square feet to reach a maximum allowable 15,000 square feet, a 2,500-square-foot first-floor expansion to bring the total building area to 10,000 square feet, or a 2,500-square-foot free-standing one-story building within permitted setbacks. The property is well-positioned for owner-users or investors seeking upside through expansion, repositioning, or lease-up. Limited industrial inventory in Southampton Village supports strong long-term fundamentals. All uses and expansions are subject to zoning and approvals.
Key Highlights
- Prime location on Mariner Drive, the most active industrial corridor in Southampton Village.
- Rare value‑add opportunity in a supply‑constrained market.
- Multiple expansion strategies available: second‑floor addition, first‑floor expansion, or free‑standing building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,298,680
$2.3M
Cap Rate 7%
$1,641,914
$1.6M
Cap Rate 9%
$1,277,044
$1.3M
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$144.0K $19.20/SF
− Vacancy
−$8.8K −$1.17/SF
EGI
$135.2K $18.03/SF
− OpEx
−$20.3K −$2.70/SF
NOI
$114.9K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,298,680
Cap Rate 7%
$1,641,914
Cap Rate 9%
$1,277,044
Alternative Uses
Best Use
Warehouse
$1.64M
$1.44M – $1.92M
NOI $114,934 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,483 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.28M
$2.00M – $2.67M
NOI $159,939 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11968, NY
14,467
Population
10,444
Households
1.4
Avg Household Size
46
Median Age
61%
College-Educated
98%
High-School Grad
26.9 sq mi
ZIP Area
538
Density / Sq Mi
$146,138
Median Household Income
$64,959
Median Earnings
$2,068
Median Rent
$1,171,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Extra Space Storage — 99 Mariner Dr #4, Southampton, NY 11968
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with expansion potential in Southampton Village.
Where is this warehouse located?
The property is located at 30 Mariner Drive Southampton, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime location on Mariner Drive, the most active industrial corridor in Southampton Village.; Rare value‑add opportunity in a supply‑constrained market.; Multiple expansion strategies available: second‑floor addition, first‑floor expansion, or free‑standing building.
