Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2771-2815 Middle Country Rd Lake Grove, NY 11755

    • Retail properties
    • 29,848 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2771-2815 Middle Country Rd

    Property size
    29,848 SF
    Property type
    Retail properties

    Description

    This exceptional retail property, located at 2771-2815 Middle Country Road in Lake Grove, New York, offers a prime opportunity for businesses seeking high-visibility space in a bustling Suffolk County location. The property encompasses a total of 29,848 square feet, with multiple units available for lease. Flexible space options cater to a variety of needs, ranging from a minimum of 1,792 square feet to a maximum contiguous space of 5,500 square feet. Currently, there are 9,980 square feet of vacant space ready for immediate occupancy. The property boasts ample parking, with 197 spaces available for customers and employees. This location provides excellent access to a significant customer base in a thriving commercial area. The property is classified as retail commercial space with multiple tenancies, making it ideal for a variety of retail businesses or a synergistic mix of complementary enterprises. The property's address is 2771-2815 Middle Country Rd, Lake Grove, NY 11755. This is a rare opportunity to secure a well-located, spacious retail property in a desirable Suffolk County market. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Grove
    County
    Suffolk
    State
    New York
    Longitude
    -73.1112
    Latitude
    40.8602

    Comparable in this City

    • Value Estimation by Request
      63,106 SF

      Dsw Plz Lk Grv

      Retail properties • 63,106 SF
      0 Dsw Plz Lk Grv, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      4,155 SF

      2822 Middle Country Rd

      Restaurants • 4,155 SF
      2822 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Value Estimation
      $210,000
      1.00 Acre

      138 Alexander Ave

      GAS STATION • 1.00 Acre
      138 Alexander Ave, Lake Grove, NY 11755-1102
      View Details
    • Value Estimation
      $290,000
      1.06 Acres

      3060 Middle Country Rd

      AUTO REPAIR, GARAGE • 1.06 Acres
      3060 Middle Country Rd, Lake Grove, NY 11755-2106
      View Details
    • Value Estimation
      $330,000
      1.90 Acres

      2810 Middle Country Rd

      RESTAURANT • 1.90 Acres
      2810 Middle Country Rd, Lake Grove, NY 11755-2102
      View Details
    • Value Estimation
      $265,000
      0.15 Acres

      Moriches Rd

      FINANCIAL BUILDING • 0.15 Acres
      Moriches Rd, Lake Grove, NY 11755
      View Details

    Similar Nearby for Sale

    • $1,999,000
      4,200 SF

      Renovated Retail Building Near Mall

      Renovated retail building near Smith Haven Mall with high visibility.
      2845 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • $200,000
      Pending

      Land Lots in Lake Grove

      Residential land lots available in Lake Grove, New York.
      Chester St, Lake Grove, NY 11755
      View Details
    • $215,000
      Pending

      Residential Land in Lake Grove

      Corner property in residential area within Sachem School District.
      N/A Washburn St, Lake Grove, NY 11755
      View Details
    • $200,000

      Land Lots in Lake Grove

      Two land lots available in the village of Lake Grove.
      Chester St, Lake Grove, NY 11755
      View Details
    • $839,000
      2,750 SF

      Lake Grove Office Building For Sale

      2,750 SF office building on 0.67 acres in Lake Grove.
      2800 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • $2,999,999

      Lake Grove Development Opportunity

      Nearly 4 acres of land suitable for residential development.
      163 Hallock Rd, Lake Grove, NY 11755
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,106 SF

      Lake Grove Retail Center Opportunity

      High-traffic retail space, Suffolk County, NY
      0 Dsw Plz Lk Grv, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      3,929 SF

      Retail Space Near Wegmans Supermarket

      Retail space available in shopping center anchored by Wegmans.
      3190-3250 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      4,000 SF

      Lake Grove Retail Space

      Retail space available for lease in Lake Grove, NY.
      139-141 Alexander Ave, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      2,688 SF

      Lake Grove Retail Space Available

      Retail space available for lease in Lake Grove, NY.
      2771 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • $3,000 /Mo
      1,500 SF

      Lake Grove Retail Space Available

      Prime commercial space in Lake Grove with flexible layout.
      2807 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • $22 SF/Yr
      785 SF

      Lake Grove Office Space Available

      785 SF office space for rent in Lake Grove.
      2233 Nesconset Hwy, Lake Grove, NY 11755
      View Details
    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.
    2771-2815 Middle Country Rd
    Lake Grove, NY 11755
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.