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

    815 Horseblock Rd Farmingville, NY 11738

    • Retail properties
    • 10,700 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EEUU Center for Legal Immigration & Labor / Immigration & Naturalization Service

    Property Details for 815 Horseblock Rd

    Year built
    2025
    Lot size
    1.00 lot acres
    Property size
    10,700 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional commercial development opportunity in Farmingville, NY, presents a versatile 1-acre site (37,897 sq ft) at 815 Horseblock Road, zoned J-6. The property boasts a total of 10,700 square feet of buildable space, adaptable for single or multi-tenant occupancy. Configurations include one, three, or four buildings, offering flexibility for various uses. A 7,500 sq ft contiguous building is available for a single tenant, while a quick-serve restaurant space with drive-thru capabilities can accommodate one or two tenants. The property features 53 parking spaces and underground power, ensuring convenient access and reliable utilities. Built and renovated in 2025, this Class A property offers a minimum divisible space of 785 sq ft, making it ideal for a range of businesses. Its prime location in the Farmingville submarket, near Woodmont Pl, provides excellent visibility and accessibility. The property is available for sale or ground lease, with options to merge or divide the space to suit individual needs. This is a rare opportunity to acquire a highly desirable commercial property in a thriving Long Island market. The APN is 200-655-1 - 14.3, 15, 16, 19. The zip code is 11738.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmingville
    County
    Suffolk
    State
    New York
    Longitude
    -73.0295
    Latitude
    40.8313

    Comparable in this City

    • Value Estimation by Request
      10,700 SF

      815 Horseblock Rd

      Restaurants • 10,700 SF
      815 Horseblock Rd, Farmingville, NY 11738
      View Details
    • Value Estimation by Request

      1266 Waverly Ave

      Retail properties
      1266 Waverly Ave, Farmingville, NY 11738
      View Details
    • Value Estimation
      $275,000
      4.27 Acres

      400 Washington Ave

      MEDICAL CLINIC • 4.27 Acres
      400 Washington Ave, Farmingville, NY 11738
      View Details
    • Value Estimation by Request
      1,038 SF

      1032 Portion Rd

      Restaurants • 1,038 SF
      1032 Portion Rd, Farmingville, NY 11738
      View Details
    • Value Estimation by Request

      Horseblock Rd. & Old Medford Ave

      Land
      0 Horseblock Rd. & Old Medford Ave, Centereach, NY 11738
      View Details
    • Value Estimation
      $225,000
      1,674 SF

      2425 Ocean Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,674 SF
      2425 Ocean Ave, Farmingville, NY 11738-2912
      View Details

    Similar Nearby for Sale

    • $629,999
      1,500 SF

      Farmingville Retail Opportunity

      Versatile commercial property with high visibility and accessibility.
      19 Granny Rd, Farmingville, NY 11738
      View Details
    • $629,999

      Farmingville Commercial Opportunity For Sale

      Versatile commercial property in Farmingville, NY, with high visibility.
      19 Granny Rd, Farmingville, NY 11738
      View Details
    • $399,900
      0.34 Acres

      Residential Land in Established Subdivision

      Last lot available with utilities in private subdivision.
      7 Fairfax Dr, Farmingville, NY 11738
      View Details
    • $399,900
      0.34 Acres

      Farmingville Vacant Land For Sale

      Vacant land in established subdivision with utilities available.
      7 Fairfax Dr, Farmingville, NY 11738
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,500 SF

      Farmingville Office Space For Rent

      2,500 SF office space available in Farmingville, NY.
      362 Mooney Pond Rd, Farmingville, NY 11738
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space in Farmingville, NY

      Retail vacancies available in shopping center anchored by major retailers.
      343-411 Horseblock Rd, Farmingville, NY 11738
      View Details
    • Contact for pricing
      1,121 SF

      Farmingville Retail Space Available

      Retail space available for rent in Farmingville, New York.
      1262-1266 Waverly Ave, Farmingville, NY 11738
      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.
    815 Horseblock Rd
    Farmingville, NY 11738
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.