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    655 Horseblock Rd Brookhaven, NY 11719
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    655 Horseblock Rd Brookhaven, NY 11719

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    • Retail properties & Spaces
    • 1,305 SF
    • 0.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 655 Horseblock Rd

    Year built
    1962
    Lot size
    0.21 lot acres
    Property size
    1,305 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property at 655 Horseblock Road in Brookhaven, NY, presents a fantastic investment opportunity. The building boasts a generous 1,305 square feet of space, ideally suited for a variety of retail businesses. Its dimensions measure 30 feet by 44 feet, providing a functional and well-proportioned layout. The property includes a convenient 9-space parking lot, ensuring ample parking for customers and employees. Furthermore, there's additional space at the rear of the building for potential expansion of parking capacity. Situated in a prime Brookhaven location, this property benefits from high visibility and excellent accessibility. The 0.21-acre lot offers potential for future development or outdoor seating areas, depending on the intended use. The asking price for this turnkey retail space is $550,000. This represents a compelling investment opportunity in a thriving commercial area. Serious inquiries are encouraged to explore the potential of this exceptional property. Don't miss this chance to acquire a well-located retail building with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brookhaven
    County
    Suffolk County
    State
    New York
    Longitude
    -72.9008
    Latitude
    40.8005

    Comparable in this City

    • Value Estimation by Request
      1,071 SF

      691 Horseblock Rd

      Retail properties & Spaces • 1,071 SF
      691 Horseblock Rd, Brookhaven, NY 11719
      View Details
    • Value Estimation by Request
      2.65 Acres

      416 Country Rd

      RESTAURANT • 2.65 Acres
      416 Country Rd, Brookhaven, NY 11719-9405
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      0.24 Acres

      2510 Montauk Hwy

      GAS STATION • 0.24 Acres
      2510 Montauk Hwy, Brookhaven, NY 11719-9501
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    • Value Estimation by Request
      28.71 Acres

      358 Horseblock Rd

      GAS STATION • 28.71 Acres
      358 Horseblock Rd, Brookhaven, NY 11719
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    • Value Estimation by Request
      0.99 Acres

      2800 Montauk Hwy

      GAS STATION • 0.99 Acres
      2800 Montauk Hwy, Brookhaven, NY 11719
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    • Value Estimation by Request
      0.43 Acres

      1 Montauk Hwy

      RESTAURANT • 0.43 Acres
      1 Montauk Hwy, Brookhaven, NY 11719
      View Details
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    655 Horseblock Rd
    Brookhaven, NY 11719
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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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    655 Horseblock Rd, Brookhaven, NY, 11719
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