Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3067 Middle Country Rd Lake Grove, NY 11755
    Property profile & analytics

    3067 Middle Country Rd Lake Grove, NY 11755

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3067 Middle Country Rd

    Property type
    Land

    Description

    This exceptional 1.17-acre land parcel presents a unique investment opportunity in the desirable Lake Grove, New York area. Located at 3067 Middle Country Road, Suffolk County, NY 11755, this property boasts a strategic location with convenient access to major roadways. The asking price is $1,050,000. The site currently features an existing 2,000 square foot office building, providing immediate potential for various uses or redevelopment. An added benefit is the presence of a detached two-car garage with a bathroom, offering versatile storage or workspace options. The property's substantial size and existing structures make it ideal for a range of development projects, from expanding the existing office space to constructing new buildings. Its prime location in Lake Grove offers excellent visibility and accessibility, making it an attractive proposition for businesses and investors alike. This is a rare opportunity to acquire a sizable land parcel with existing improvements in a highly sought-after location. The property is zoned for [Zoning information not provided, therefore cannot be included]. Serious inquiries are encouraged to explore the full potential of this remarkable property. Coordinates are 40.8616713 latitude and -73.1198191 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Grove
    County
    Suffolk
    State
    New York
    Longitude
    -73.1198
    Latitude
    40.8617

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Middle Country Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      0.14 Acres

      Middle Country Rd

      VACANT COMMERCIAL LAND • 0.14 Acres
      Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      4.44 Acres

      Sonata Ct

      VACANT COMMERCIAL LAND • 4.44 Acres
      Sonata Ct, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      0.39 Acres

      Middle Country Rd

      VACANT COMMERCIAL LAND • 0.39 Acres
      Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      1.66 Acres

      Middle Country Rd

      VACANT COMMERCIAL LAND • 1.66 Acres
      Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Value Estimation by Request
      0.01 Acres

      Middle Country Rd

      VACANT COMMERCIAL LAND • 0.01 Acres
      Middle Country Rd, Lake Grove, NY 11755
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lot For Sale

      Commercial lot available in Lake Grove, NY.
      3004 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      2,750 SF

      Lake Grove Office Building For Sale

      2,750 SF office building on 0.67 acres in Lake Grove.
      2800 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • $1,999,000

      Renovated Retail Building Near Mall

      Renovated retail building near Smith Haven Mall with high visibility.
      2845 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      4,200 SF

      Freestanding Retail Building For Sale

      Highly visible, renovated retail building with flexible zoning and ample parking.
      2845 Middle Country Rd, Centereach, NY 11755
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space For Lease

      Medical office leasing opportunity at Smith Haven Mall.
      9 Smith Haven Mall, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      3,231 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for rent in Lake Grove.
      Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      4,000 SF

      Lake Grove Retail Space

      Retail space available for lease in Lake Grove, NY.
      139-141 Alexander Ave, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      3,929 SF

      Retail Space Near Wegmans Supermarket

      Retail space available in shopping center anchored by Wegmans.
      3190-3250 Middle Country Rd, Lake Grove, NY 11755
      View Details
    • Contact for pricing
      1,680 SF

      Lake Grove Office Space Available

      785 SF office space for rent in Lake Grove.
      2233 Nesconset Hwy, Lake Grove, NY 11755
      View Details
    • New
      $3,000 /Mo

      Lake Grove Commercial Space Available

      Prime commercial space in Lake Grove with flexible layout.
      2807 Middle Country Rd, Lake Grove, NY 11755
      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.
    3067 Middle Country Rd
    Lake Grove, NY 11755
    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

    Thank You for Inquiry
    3067 Middle Country Rd, Lake Grove, NY, 11755
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!