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    65 Gatelot Ave Lake Ronkonkoma, NY 11779

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    For Sale
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    15-Acre School Campus - 87,000 SF

    Property size:
    87,000 SF

    Property Features for 65 Gatelot Ave

    General Information

    Property type
    Schools
    Square Feet
    87,000 SF
    Lot Size
    657,756 SF

    We can help!

    Listing Contact
    Ray Ruiz
    Ray Ruiz

    Listing Agency: JLL Melville Listing Agent: Ray Ruiz

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

    Learn more

    Overview

    This exceptional 15.1-acre property located at 65 Gatelot Avenue in Lake Ronkonkoma, New York, presents a unique opportunity. Currently zoned for community service and operating as an 87,000 square foot school, this site offers significant potential for redevelopment or continued use as an educational facility. The property's expansive size provides ample space for various development possibilities, subject to local zoning regulations. Its strategic location offers convenient access to major transportation arteries. Less than half a mile from Portion Road (CR 16), it provides easy access to the Long Island Expressway via Hawkins Avenue (1.5 miles away). The property is also within close proximity to the Ronkonkoma LIRR hub (less than 2 miles) and Long Island MacArthur Airport (2.5 miles), enhancing its accessibility and appeal. The property's existing infrastructure, including the substantial school building, could be repurposed or redeveloped to suit a variety of needs. Detailed site plans and zoning information are available upon request. This prime location in Suffolk County, with its 11779 zip code, offers a compelling investment opportunity for developers and community-minded organizations alike. The property's size and location make it an ideal candidate for a wide range of projects, subject to the necessary approvals and permits. Serious inquiries are encouraged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Lake Ronkonkoma
    County
    Suffolk
    State
    New York
    Longitude
    -73.1044401
    Latitude
    40.8332355

    Nearby Similar for Sale

    • $180,000

      Turnkey Pizza Business Opportunity

      Pizza business for sale in high-traffic area, owner financing.
      719 Hawkins Ave, Lake Ronkonkoma, NY 11779
      View Details

    FAQs

    What type of property is this?
    School - 15-Acre School Campus - 87,000 SF
    Where is this school located?
    The property is located at 65 Gatelot Ave Lake Ronkonkoma, NY.
    What are key features of this property?
    This property features: Less than 0.5 miles to CR 16 (Portion Road).; 1.5 miles to the Long Island Expressway via Hawkins Avenue.; Less than 2 miles to the Ronkonkoma LIRR station.
    (631) 962-2900 Call to check price and availability
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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
    65 Gatelot Ave Lake Ronkonkoma, NY 11779
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ray Ruiz
    Ray Ruiz
    Real Estate License ID: 10301215926
    (631) 962-2900 (631) 962-2890
    Learn more
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