Medical Office with On-Site
For Sale
$699,007
976 Roanoke Avenue, Riverhead, NY 11901
The interior accommodates multiple exam rooms, a private office, and two bathrooms.
Property Size1,452 SF
Lot Size0.22 Acres
Price / SF$481.41
Days on Market197
Property Features for 976 Roanoke Avenue
General Information
Standard status
Active
Size
1,452 SF
Total Parking Spaces
12
Lot size
0.22 Acres
Property subtype
Commercial
Zoning
3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$8,472
Amenities
central air conditioning
Building Details
Building Size
1,452 SF
Year Built
1952
Buildings
1
Stories
2
Listing Agency:
Howard Hanna Coach
Listed By:
David F. Ng SFR
(631) 427-9100
Source:
Clairedleone
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
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 Howard Hanna Coach
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Investment Insights
Based on property information with market context.
This 1,452 SF medical office building at 976 Roanoke Avenue includes multiple exam or treatment rooms, private office space, two bathrooms, and central air conditioning. Its flexible interior layout can support medical or professional office use. The property was built in 1952 and occupies a lot of more than 9,500 SF, with on-site parking and a private driveway.
The building is on Roanoke Avenue in Riverhead, near Peconic Bay Medical Center and the Route 58 retail corridor. Route 58 and I-495 provide access to the surrounding area.
The building is on Roanoke Avenue in Riverhead, near Peconic Bay Medical Center and the Route 58 retail corridor. Route 58 and I-495 provide access to the surrounding area.
Key Highlights
- 1,452 SF building on a lot of more than 9,500 SF
- Multiple exam or treatment rooms, private office space, and two bathrooms
- On‑site parking and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,968
Cap Rate
3.57%
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 3.57%
Second Best
Healthcare Medical
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$442.3K
$387.1K – $516.1K
NOI $30,964 @ 7.0% cap · market cap 4.43%
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior accommodates multiple exam rooms, a private office, and two bathrooms.
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 $699,007.
What are key features of this property?
This property features: 1,452 SF building on a lot of more than 9,500 SF; Multiple exam or treatment rooms, private office space, and two bathrooms; On‑site parking and private driveway
