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    1540 Montauk Hwy Mastic, NY 11950

    • Mixed-use properties
    For Sale
    View listing
    $850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
    • Chester's Auto Sales / Motor Vehicle Dealer
    • Prestige One Auto Sales / Car Dealer

    Property Details for 1540 Montauk Hwy

    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, situated at 1540 Montauk Highway in Mastic, New York, presents a rare investment opportunity. Boasting a prime location on the bustling Montauk Highway, this property offers significant potential for both commercial and residential ventures. The property's current configuration allows for flexibility

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mastic
    County
    Suffolk County
    State
    New York
    Longitude
    -72.8431
    Latitude
    40.8057

    Comparable in this City

    • Value Estimation by Request
      16,117 SF

      1540 Montauk Hwy

      Mixed-use properties • 16,117 SF
      1540 Montauk Hwy, Mastic, NY 11950
      View Details
    • Value Estimation
      $255,000
      0.23 Acres

      1051 Mastic Rd

      STORE/OFFICE (MIXED USE) • 0.23 Acres
      1051 Mastic Rd, Mastic, NY 11950-3331
      View Details
    • Value Estimation
      $270,000
      1.60 Acres

      659 Mastic Rd

      STORE/OFFICE (MIXED USE) • 1.60 Acres
      659 Mastic Rd, Mastic, NY 11950-5012
      View Details
    • Value Estimation
      $275,000
      0.14 Acres

      1585 Montauk Hwy

      STORE/OFFICE (MIXED USE) • 0.14 Acres
      1585 Montauk Hwy, Mastic, NY 11950-2910
      View Details
    • Value Estimation
      $270,000
      0.46 Acres

      1473 Montauk Hwy

      STORE/OFFICE (MIXED USE) • 0.46 Acres
      1473 Montauk Hwy, Mastic, NY 11950-2915
      View Details
    • Value Estimation
      $260,000
      0.23 Acres

      1574 Montauk Hwy

      STORE/OFFICE (MIXED USE) • 0.23 Acres
      1574 Montauk Hwy, Mastic, NY 11950-2920
      View Details

    Similar Nearby for Sale

    • $850,000

      Mastic Mixed-Use Highway Gem

      High-traffic location, investment opportunity.
      1540 Montauk Hwy, Mastic, NY 11950
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    • $850,000

      Mixed-Use Property on Montauk Highway

      Commercial/Residential mixed-use property in prime location on Montauk Highway.
      1540 Montauk Hwy, Mastic, NY 11950
      View Details
    • $1,750,000

      Office/Retail Building on Montauk Highway

      High-traffic location with four rentable spaces and ample parking.
      1360 Montauk Hwy, Mastic, NY 11950
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    • $949,999
      0.31 Acres

      Commercial Land Near Shopping Center

      Commercial land parcel near shopping center and residential neighborhoods.
      1287 Montauk Hwy, Mastic, NY 11950
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    • $950,000
      0.55 Acres

      Commercial Land on Montauk Highway

      0.55-acre commercial lot with high visibility on Montauk Highway.
      1467 Montauk Hwy, Mastic, NY 11950
      View Details
    • New
      $399,000
      1.00 Acre

      Residential Land in Mastic, NY

      One-acre vacant residential land with 217 feet of frontage.
      Vl Meadowmere Ave, Mastic, NY 11950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,240 SF

      Retail Space on Montauk Highway

      Retail space available in upgraded shopping center on Montauk Highway.
      1718 Montauk Hwy, Mastic, NY 11950
      View Details
    • New
      $2,500 /Mo
      13,068 SF

      Mastic Retail/Office Space Available

      1300 SF second-floor unit on Montauk Highway, Mastic.
      1360 Montauk Hwy, Mastic, NY 11950
      View Details
    • Contact for pricing
      47,000 SF

      Mastic Shopping Center Opportunity

      Retail spaces available in prime Mastic location.
      1708 Montauk Hwy, Mastic, NY 11950
      View Details
    • $5,000 /Mo

      New Commercial Space For Lease

      New construction commercial space with high visibility, various configurations available.
      1197 Montauk Hwy, Mastic, NY 11950
      View Details
    • Contact for pricing
      1,467 SF

      Retail Space on Montauk Highway

      Retail space available in upgraded shopping center on Montauk Highway.
      1600 Montauk Hwy, Mastic, NY 11950
      View Details
    • Contact for pricing

      Commercial Land on Montauk Highway

      Commercial land for rent on heavily trafficked Montauk Highway.
      Montauk Hwy, Mastic, NY 11950
      View Details
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    1540 Montauk Hwy
    Mastic, NY 11950
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    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
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