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    Versatile Industrial Unit in Mattituck Title is generated by Realmo AI

    885 Wickham Avenue, Mattituck, NY 11952

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    Claim this Listing
    For Lease
    $10,000/Mo $16 SF/Yr (calc)

    COMMERCIAL - Mattituck, NY

    Property size:
    7,500 SF
    Lot size:
    2.00 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    177
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 885 Wickham Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    LI
    Parking features
    Garage, Assigned, Oversize, Parking Lot
    Security features
    Security Lighting
    Fencing
    Perimeter
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    1000-140-00-02-00-009-000
    Size
    7,500 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12518

    Utilities

    Utilities
    Cable Available
    Sewer type
    Cesspool
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Thomas J. McCarthy C2EX
    Thomas J. McCarthy C2EX

    Listing agent Thomas J. McCarthy C2EX License #31MC0791905

    Listing office Thomas J McCarthy Real Estate 46520 Rt 48, Southold, NY

    Listing date Nov 25, 2025

    MLS# 939046

    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

    • 7,500 SF versatile industrial space suitable for various uses.
    • Easy access to Route 25 and Route 48.
    • Ample private parking lot with space for large vehicles and trailers.
    • Includes two 14' overhead doors for convenient vehicle access.
    • Front showroom area and mezzanine offices provide customer‑facing and administrative space.
    • On‑site loading dock available for shared use.

    Overview

    This 7,500 SF industrial unit provides a versatile space within a professionally managed property. The unit features two 14' overhead doors for vehicle access. A front showroom area and mezzanine offices offer customer-facing and administrative space. Upgraded lighting and durable concrete flooring create a bright workspace suitable for car storage, light manufacturing, warehousing, or distribution. The property is zoned for light industrial use. General features include an on-site loading dock available for shared use, and a private parking lot with ample space for large vehicles and trailers. Located in Mattituck, NY, the property has access to Route 25 and Route 48. The property is located in Suffolk County, NY. The lot size is 2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NY Shed Co. Construction Company

    Suggested Use

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

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

    Similar Places Nearby

    • By Hand Catering — 13550 Main Rd Suite 2, Mattituck, NY 11952
    • East End Events Catering — 10095 Main Rd, Mattituck, NY 11952

    Location Insight

    • Map
    • Local Demand
    City
    Mattituck
    County
    Suffolk
    State
    New York
    Longitude
    -72.534469
    Latitude
    40.993987

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    • $1,000/Mo
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    FAQs

    What type of property is this?
    Flex space - 7,500 SF industrial unit with showroom and mezzanine offices.
    Where is this flex space located?
    The property is located at 885 Wickham Avenue Mattituck, NY.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: 7,500 SF versatile industrial space suitable for various uses.; Easy access to Route 25 and Route 48.; Ample private parking lot with space for large vehicles and trailers.
    (516) 779-6386
    We can help!
    Listing Contact
    Thomas J. McCarthy C2EX
    Thomas J. McCarthy C2EX
    Real Estate License ID: 31MC0791905
    Learn More
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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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