Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20 Riverleigh Ave Riverhead, NY 11901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for lease at 20 Riverleigh Ave, Riverhead, NY.

    Property Features for 20 Riverleigh Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Daniel Flynn
    Source: Crexi

    Listing Agency: JLL - New York City, New York Listing Agent: Daniel Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space Available For Lease

    Office space is available for lease at 20 Riverleigh Ave in Riverhead, NY.
    Location Intelligence

    Current Use by Public Records

    Suffolk Pelvic Medicine Physician Dr. Beverly Hannah ... Physician Sound Gynecologic Oncology, ... Physician Advantage Title Title Company Family of Kidz Crisis Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Fullcare Security LLC, Marcum Technology, ABL Computing, iRepair Riverhead | Computer & Screen Repair

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.662538
    Latitude
    40.913847

    Nearby Similar for Lease

    • New
      $2,900 /Mo

      Downtown Riverhead Office/Storefront For Rent

      723 sq ft office/storefront in downtown Riverhead, NY.
      131 Roanoke Ave, Riverhead, NY 11901
      View Details
    • New
      $4,950 /Mo
      39,204 SF

      Riverhead Warehouse with Office Space

      Heated warehouse with office, convenient access to North and South Forks.
      1015 E Main St, Riverhead, NY 11901
      View Details
    • $2,200 /Mo
      15,682 SF

      Downtown Riverhead Commercial Space Available

      Prime 800 sq ft commercial space in vibrant downtown Riverhead.
      331 E Main St, Riverhead, NY 11901
      View Details
    • $5,000 /Mo
      76,230 SF

      Riverhead Commercial Building For Lease

      2,960 SF commercial building in busy mixed-use complex.
      3225 Sound Ave, Riverhead, NY 11901
      View Details
    • $5,000 /Mo
      76,230 SF

      Riverhead Commercial Space For Lease

      2,960 SF commercial building in busy mixed-use complex.
      3225 Sound Ave, Riverhead, NY 11901
      View Details
    • $4,700 /Mo
      109,771 SF

      Renovated Office Space Available

      Fully renovated office space in Riverhead, ideal for professional use.
      189 Main- Ste A Rd, Riverhead, NY 11901
      View Details
    • $700 /Mo

      Riverhead Office Space For Lease

      Second-floor office space in the heart of Riverhead.
      420 Osborn Ave, Riverhead, NY 11901
      View Details
    • $5,000 /Mo

      Commercial Building in Wine Country

      2,960 SF commercial building in a mixed-use complex.
      3225 Sound Ave, Riverhead, NY 11901
      View Details
    • $2,200 /Mo

      Downtown Riverhead Commercial Space

      Prime 800 sq ft commercial space in downtown Riverhead.
      331 E Main St, Riverhead, NY 11901
      View Details
    • $4,984 /Mo

      Riverhead Office Space For Lease

      1,506 SF office space in busy shopping center.
      180 Old Country Rd, Riverhead, NY 11901
      View Details
    • Contact for pricing
      2,970 SF

      Riverhead Plaza Retail Space

      2,970 SF retail space in Riverhead Plaza available for lease.
      655 Old Country Rd, Riverhead, NY 11901
      View Details
    • $22 SF/Yr
      45,000 SF

      Riverhead Retail Space Available

      Former 'Big Lots' box in a fully occupied shopping center.
      1087-1101 Old Country Rd, Riverhead, NY 11901
      View Details

    FAQs

    What type of property is this?
    Office property - Office space for lease at 20 Riverleigh Ave, Riverhead, NY.
    Where is this office property located?
    The property is located at 20 Riverleigh Ave Riverhead, NY.
    What are key features of this property?
    This property features: - For Lease
    Request Owner's contact information
    20 Riverleigh Ave Riverhead, NY 11901
    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.
    20 Riverleigh Ave
    Riverhead, NY 11901
    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
    20 Riverleigh Ave Riverhead, NY 11901
    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

    We can help!
    Listing Contact
    Daniel Flynn
    Real Estate License ID: 10311204438
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!