Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land For Sale Title is generated by Realmo AI

    49 Southern Blvd, Smithtown, NY 11787

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land available for development near major routes.

    Type:Land
    Added:
    Jun 2, 2021
    Days on Market:
    1831
    Last Refresh:
    May 19 at 9:26 pm

    Property Features for 49 Southern Blvd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Anil Ergezer

    Listing agent Anil Ergezer License #NY-Real Estate Salesperson

    Listing office Brown Harris Stevens

    Listing date Jun 2, 2021

    Source Crexi

    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 Brown Harris Stevens

    HighLights

    • Opportunity to develop 30,000 square feet of commercial space.
    • Located between Nesconset Hwy (RTE 347) & Middle Country Rd (RTE 25).
    • Proximity to automotive businesses, fast food restaurants, and hospitals.
    • Convenient access to Port Jefferson.
    • Close proximity to the Long Island Railroad.
    • Commercial land available for development.

    Overview

    Commercial land is available for sale with the opportunity to develop 30,000 square feet between Nesconset Highway (RTE 347) and Middle Country Road (RTE 25). The property is located near an automotive row, fast food establishments, and hospitals. It is a short drive to Port Jefferson and the Long Island Railroad.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.2109
    Latitude
    40.8527

    Nearby Similar for Sale

    • $899,991

      Versatile Commercial Building in Smithtown

      Upgraded commercial building in Smithtown, ideal for investors or business.
      47 W. Main St., Smithtown, NY 11787
      View Details
    • $739,000

      Smithtown Commercial Investment Opportunity

      Commercial property in Smithtown, suitable for investment or owner-occupancy.
      12 Manor Road, Smithtown, NY 11787
      View Details
    • $899,000

      Commercial Property with Income Potential

      Two-structure commercial property with retail, office, and storage spaces.
      950 W Jericho Turnpike, Smithtown, NY 11787
      View Details
    • $650,000

      Commercial Property on Main Street

      Commercial property and business for sale on busy Main Street.
      119 E main St, Smithtown, NY 11787
      View Details
    • $1,300,000

      Retail Property in Smithtown, NY

      Located near St Catherine Hospital and Smithtown Landing Country Club.
      1217 25A N, Smithtown, NY 11787
      View Details
    • Contact for pricing
      3,150 SF

      Professional Office Condo in Smithtown

      Move-in ready 1,575 SF office condo in Smithtown, NY.
      325 E Main St, Smithtown, NY 11787
      View Details
    • $1,100,000
      3,500 SF

      Professional Office Building with Parking

      Well-maintained office building with multiple private offices, conference room, and rear parking for employees and visitors.
      8 Manor Road, Smithtown, NY 11787
      View Details
    • $2,170,000
      5,720 SF

      Versatile Property on Route 25A

      High-visibility property with auto shop and rental income.
      324 E Main Street, Smithtown, NY 77573
      View Details
    • $739,000

      Built-Out Office and Law Office

      Two-level property with fully built-out offices, including an occupied upper suite and vacant downstairs law office.
      12 Manor Road, Smithtown, NY 11787
      View Details
    • $125,000

      Vacant Land Near Amenities

      Available vacant land in Smithtown, New York.
      VL Highland Street, Smithtown, NY 11787
      View Details
    • $1,400,000
      5,200 SF

      Smithtown Retail and Office Building

      Renovated retail and office building near Smithtown LIRR station.
      35 W Main St, Smithtown, NY 11787
      View Details
    • $775,000
      3,960 SF

      Smithtown Commercial Property For Sale

      Centrally located property suitable for office, retail, or light manufacturing.
      18 Bellemeade Ave, Smithtown, NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for development near major routes.
    Where is this commercial land located?
    The property is located at 49 Southern Blvd Smithtown, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Opportunity to develop **30,000 square feet of commercial space**.; Located between Nesconset Hwy (RTE 347) & Middle Country Rd (RTE 25).; Proximity to automotive businesses, fast food restaurants, and hospitals.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anil Ergezer
    Real Estate License ID: NY-Real Estate Salesperson
    Learn More
    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
    49 Southern Blvd, Smithtown, NY 11787
    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!