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    Agricultural Land with Hoop Greenhouses Title is generated by Realmo AI

    550 / 538 Herricks Lane, Jamesport, NY 11901

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    For Lease
    $29,380

    COMMERCIAL - Jamesport, NY

    Lot size:
    12.00 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    369
    Last Refresh:
    Jun 7 at 3:06 pm

    Property Features for 550 / 538 Herricks Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    0600-022-00-03-00-002-000
    Lot size
    12.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5100

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Andrea Parks
    Andrea Parks

    Listing agent Andrea Parks License #10401346988

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

    Listing date Jun 4, 2025

    MLS# 873009

    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

    • Approximately 11.3 flat, usable acres available for lease in a North Fork location.
    • Water source: well.
    • Equipped with irrigation and electric service for agricultural use.
    • Several hoop greenhouses on the property.
    • Deer fence along two of the four property lines.

    Overview

    This lease offers approximately 11.3 flat, usable acres currently utilized by a professional landscaper. The property includes agricultural infrastructure such as irrigation and electric service, along with several hoop greenhouses suitable for cultivation and seasonal growing needs. A sturdy deer fence runs along two of the four property lines, providing partial protection while allowing for full enclosure if desired.

    Located in Jamesport on the North Fork of Long Island in Suffolk County, the site is positioned for immediate agricultural use and is described as having excellent sun exposure. The land is presented as straightforward and ready to support ongoing operations, with the existing greenhouse and utility improvements intended to reduce start-up friction.

    For growers, nursery operators, or agricultural tenants seeking a functional parcel with on-site support systems, the combination of flat acreage, irrigation, electric service, and hoop greenhouses is built for practical day-to-day production. The partially fenced layout can help with wildlife management depending on the tenant’s full enclosure plan. If your operation requires a land-based growing setup rather than a built facility, this farmland lease provides a workable platform for agricultural use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Food Market Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamesport
    County
    Suffolk
    State
    New York
    Longitude
    -72.642
    Latitude
    40.953

    FAQs

    What type of property is this?
    Farm - Lease flat, usable farmland with irrigation, electric service, and hoop greenhouses suited for nursery or growing operations.
    Where is this farm located?
    The property is located at 550 / 538 Herricks Lane Jamesport, NY.
    What is the lease rate?
    The lease rate is $29,380.
    What are key features of this property?
    This property features: Approximately 11.3 flat, usable acres available for lease in a North Fork location.; Water source: well.; Equipped with irrigation and electric service for agricultural use.
    (631) 276-2927
    We can help!
    Listing Contact
    Andrea Parks
    Andrea Parks
    Real Estate License ID: 10401346988
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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.

    More about this property
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