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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    75 Washington St Sag Harbor, NY 11963

    • Retail properties
    • 1,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Le Lampade of Sag Harbor / Interior Design / Home Decor Store
    • Suffolk County Legislature / County Government Office
    • indy home design / Home Decor Store / Department Store

    Property Details for 75 Washington St

    Property size
    1,200 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 1,200 square foot commercial space at 75 Washington Street, Sag Harbor, NY 11963, offers a unique opportunity for a discerning business. Located in a classic brick building, this single-tenant property boasts impressive street visibility from Main Street, thanks to its extensive window frontage. The interior features a largely open floor plan, maximizing space and showcasing the grandeur of the extremely high two-story ceilings, complemented by a mezzanine. The flexible layout is suitable for both retail and office uses, providing adaptability for a variety of businesses. The property is situated in a vibrant area, surrounded by established businesses such as Ethel + Row, Chase, Sylvester & Co, Page Sag Harbor, Tacobar, Henry Lehr, Sag Harbor Cinema, and BuddhaBerry, ensuring high foot traffic and brand visibility. The building is a two-story structure, with the entire 1,200 square feet currently vacant and ready for immediate occupancy. This prime location and unique architectural features make this property an exceptional investment opportunity in the desirable Sag Harbor market. The property's address is 75 Washington St, Sag Harbor, NY 11963.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sag Harbor
    County
    Suffolk
    State
    New York
    Longitude
    -72.2948
    Latitude
    41.0002

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      6 Shr Rd

      NURSERY, GREENHOUSE, FLORIST • 0.43 Acres
      6 Shr Rd, Sag Harbor, NY 11963-3235
      View Details
    • Value Estimation
      $895,000
      3,060 SF

      7 Main St

      SHOW ROOM, WAREHOUSE • 3,060 SF
      7 Main St, Sag Harbor, NY 11963-3012
      View Details
    • Value Estimation by Request
      0.20 Acres

      2 Rysam St

      SHOW ROOM, WAREHOUSE • 0.20 Acres
      2 Rysam St, Sag Harbor, NY 11963
      View Details
    • Value Estimation
      $950,000
      5,880 SF

      11 Brg St

      SHOW ROOM, WAREHOUSE • 5,880 SF
      11 Brg St, Sag Harbor, NY 11963-3023
      View Details
    • Value Estimation by Request
      1,800 SF

      197 Madison St

      SHOW ROOM, WAREHOUSE • 1,800 SF
      197 Madison St, Sag Harbor, NY 11963-4427
      View Details
    • Value Estimation
      $1,425,000
      9,000 SF

      20 Main St

      SHOW ROOM, WAREHOUSE • 9,000 SF
      20 Main St, Sag Harbor, NY 11963-3006
      View Details

    Similar Nearby for Sale

    • $4,250,000
      3,000 SF

      Sag Harbor Commercial Property

      Prime Sag Harbor location, high potential
      23 Bridge St, Sag Harbor, NY 11963
      View Details
    • $1,895,000
      2,670 SF

      Sag Harbor Mixed-Use Investment

      Prime location, 2-unit building, high potential.
      12 Rose St, Sag Harbor, NY 11963
      View Details
    • $3,995,000
      3,000 SF

      Fully Leased Sag Harbor Compound

      Mixed-use property in Sag Harbor's Village Core Business District.
      23 Bridge St, Sag Harbor, NY 11963
      View Details
    • $3,750,000
      3,750 SF

      Bridgehampton Restaurant with Apartment

      Turnkey restaurant with apartment near Bridgehampton village center.
      203 Bridgehampton Sag Harbor Tpke, Bridgehampton, NY 11963
      View Details
    • $3,995,000
      0.24 Acres

      Sag Harbor Bay Waterfront Land

      Vacant land with permits for a custom beach house.
      11 Terry Dr, Sag Harbor, NY 11963
      View Details
    • $3,795,000
      1.90 Acres

      North Haven Vacant Land Opportunity

      1.92 acres in Sag Harbor's waterfront community, development potential.
      46 Robertson Dr, Sag Harbor, NY 11963
      View Details

    Similar Nearby for Lease

    • $11,500 /Mo
      4,356 SF

      Renovated Mixed-Use Property in Sag Harbor

      Remodeled mixed-use property in Sag Harbor Village, available for lease.
      200 Division St, Sag Harbor, NY 11963
      View Details
    • $5,000 /Mo

      Sag Harbor Retail/Office Space

      Versatile 794 SF retail/office space in prime location.
      16 Spring St, Sag Harbor, NY 11963
      View Details
    • $2,000 /Mo
      4,356 SF

      Renovated Office Spaces in Sag Harbor

      Premium office spaces in Sag Harbor's heart, fully renovated.
      200 Division St, Sag Harbor, NY 11963
      View Details
    • $2,500 /Mo

      Turnkey Office Space in Sag Harbor

      Second-floor office space in Sag Harbor with all-inclusive rent.
      17 Main St, Sag Harbor, NY 11963
      View Details
    • $15,000 /Mo

      Retail Space for Lease

      Retail space available for lease in Sag Harbor, NY.
      1224 Brick Kiln Rd, Sag Harbor, NY 11963
      View Details
    • Contact for pricing

      Sag Harbor Retail Space Available

      Retail space for rent in Sag Harbor, New York.
      10 Eastview Ct, Sag Harbor, NY 11963
      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.
    75 Washington St
    Sag Harbor, NY 11963
    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.