Medical Office
976 Roanoke Avenue, Riverhead, NY 11901
For Sale
$599,007
Commercial Sale, Riverhead, NY
Property Size1,452 SF
Lot Size0.22 Acres
Price / SF$412.54
Days on Market208
Property Features for 976 Roanoke Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Parking
Parking features
Basement
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
central air conditioning
Building Details
Year built
Floors in Building
Building materials
Buildings
Listing Agency:
Howard Hanna Coach
Listed By:
David F. Ng SFR
(631) 427-9100
Added: Apr 16
Changed: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# 986114
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,452-square-foot medical office building dates to 1952 and sits on a 0.22-acre lot. Its layout includes multiple exam or treatment rooms, private office space, two bathrooms, and a basement. Central air conditioning serves the building, with natural gas heat. On-site parking is provided by a private driveway and parking area.
The property is on Roanoke Avenue in Riverhead, near Peconic Bay Medical Center and the Route 58 retail corridor. The Long Island Expressway (I-495) is accessible from the site. Public water serves the property; wastewater is handled by a cesspool.
The property is on Roanoke Avenue in Riverhead, near Peconic Bay Medical Center and the Route 58 retail corridor. The Long Island Expressway (I-495) is accessible from the site. Public water serves the property; wastewater is handled by a cesspool.
Key Highlights
- 1,452 SF building on a 0.22‑acre lot
- Multiple exam or treatment rooms, private office space, and 2 bathrooms
- On‑site parking with a private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,968
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,360
$499.4K
Cap Rate 7%
$356,686
$356.7K
Cap Rate 9%
$277,422
$277.4K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$40.6K $27.96/SF
− Vacancy
−$7.3K −$5.03/SF
EGI
$33.3K $22.93/SF
− OpEx
−$8.3K −$5.73/SF
NOI
$25.0K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,360
Cap Rate 7%
$356,686
Cap Rate 9%
$277,422
Alternative Uses
Best Use
Office B
$356.7K
$312.1K – $416.1K
NOI $24,968 @ 7.0% cap · market cap 4.17%
Second Best
Healthcare Medical
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$442.3K
$387.1K – $516.1K
NOI $30,964 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11901, NY
30,936
Population
13,126
Households
2.4
Avg Household Size
42
Median Age
21%
College-Educated
79%
High-School Grad
56.7 sq mi
ZIP Area
546
Density / Sq Mi
$83,252
Median Household Income
$39,949
Median Earnings
$2,195
Median Rent
$437,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Suffolk County, NY
Properties on Market for Medical Office Space in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible interior includes treatment rooms, private office space, and central air conditioning.
Where is this medical office space located?
The property is located at 976 Roanoke Avenue Riverhead, NY.
What is the asking price?
The asking price for this property is $599,007.
What are key features of this property?
This property features: 1,452 SF building on a 0.22‑acre lot; Multiple exam or treatment rooms, private office space, and 2 bathrooms; On‑site parking with a private driveway
