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

    51 Hill St Southampton, NY 11968

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Southampton location, fully leased, high ROI.

    Property size:
    4,020 SF

    Property Features for 51 Hill St

    General Information

    Property type
    Land
    Square Feet
    4,020 SF
    Lot Size
    7,405 SF

    We can help!

    Listing Contact
    Victoria Kahn
    Victoria Kahn

    Listing Agency: CENTURY 21 Agawam Town & Village Listing Agent: Victoria Kahn

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

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 4,020 square foot office building situated on a 0.17-acre lot at 51 Hill Street in Southampton Village, New York, zip code 11968. The property boasts a prominent 50-foot frontage on Hill Street, placing it within the vibrant Southampton Village Business District. Currently fully leased to a credit tenant, this 1.5-story building offers immediate cash flow and significant potential for future expansion. The property's location is further enhanced by its proximity to several ongoing and recently completed development projects, including a new movie theater, retail spaces on Hill Street, and the Southampton Inn. The asking price for this prime commercial real estate is $3,200,000. This presents a rare chance to acquire a stable, income-generating asset in a thriving and highly desirable location. The property is classified as both Office and Land, offering versatility and potential for future development. The building's commercial nature makes it an ideal investment for those seeking a strong return on investment in the heart of Southampton.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twomey, Latham, Shea, ... Law Firm Empire Gen Roofing ... Roofing Company Kombrink Lisa C Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.3947905
    Latitude
    40.8839266

    Nearby Similar for Sale

    • $2,750,000
      6,000 SF

      Southampton Commercial Building with Highway Exposure

      6,000 SF professional office building in Southampton, NY for sale.
      2036 County Road 39, Southampton, NY 11968
      View Details
    • $21,900,000
      19,805 SF

      Southampton Village Commercial Investment Property

      Renovated retail and office property in Southampton Village.
      1-15 Hill St, Southampton, NY 11968
      View Details
    • $4,250,000
      5,847 SF

      Southampton Village Retail Building

      Freestanding retail building for sale in Southampton, NY.
      53 N Sea Rd, Southampton, NY 11968
      View Details
    • $6,500,000
      5,200 SF

      Southampton Commercial Building with Elevator

      Newly built commercial building in the heart of Southampton Village.
      16 Hampton Rd, Southampton, NY 11968
      View Details
    • $2,450,000
      2,640 SF

      Southampton Commercial Building with Parking

      Freestanding commercial building in Southampton Village core with private parking.
      28 Cameron St, Southampton, NY 11968
      View Details
    • $3,500,000
      4,637 SF

      Southampton Commercial Property on County Road

      Commercial property on 0.92 acres with high visibility.
      715 County Road 39, Southampton, NY 11968
      View Details
    • $555,000
      691 SF

      Medical Condo Near Stonybrook Hospital

      Medical condo unit across from Stonybrook Southampton Hospital.
      349 Meeting House Ln, Southampton, NY 11968
      View Details
    • $725,000
      952 SF

      Southampton Medical Condo For Sale

      Medical condo in Olde Town Medical Complex near Stonybrook Hospital.
      349 Meeting House Ln, Southampton, NY 11968
      View Details
    • $585,000
      730 SF

      Southampton Medical Condo For Sale

      Medical condo unit across from Stonybrook Southampton Hospital.
      349 Meeting House Ln #Unit D, Southampton, NY 11968
      View Details
    • $390,000
      620 SF

      Southampton Medical Condo For Sale

      Medical condo in Olde Town Medical Complex, near Stonybrook Hospital.
      349 Meeting House Ln #Unit G, Southampton, NY 11968
      View Details
    • $1,500,000
      2,133 SF

      Southampton Medical Condo For Sale

      Bi-level medical condominium across from Stonybrook Southampton Hospital.
      339 Meeting House Ln, Southampton, NY 11968
      View Details
    • $1,140,000
      1,421 SF

      Southampton Medical Condominium Units For Sale

      Medical condominium units across from Stonybrook Southampton Hospital.
      349 Meeting House Ln, Southampton, NY 11968
      View Details

    FAQs

    What type of property is this?
    Land - Prime Southampton location, fully leased, high ROI.
    Where is this land located?
    The property is located at 51 Hill St Southampton, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 4,020 SF office building on a 0.17-acre lot in Southampton Village, NY.; Prominent 50-foot frontage on Hill Street in the Southampton Village Business District.; Fully leased to a credit tenant, providing immediate cash flow.
    (917) 658-7907 Call to check price and availability
    Request Owner's contact information
    51 Hill St Southampton, NY 11968
    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.
    51 Hill St
    Southampton, NY 11968
    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
    51 Hill St Southampton, NY 11968
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Victoria Kahn
    Victoria Kahn
    (917) 658-7907 (631) 377-3920 (631) 377-3929
    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!