Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    295 Grange Road Ext Southold, NY 11971
    Back to Search
    Property profile & analytics

    295 Grange Road Ext Southold, NY 11971

    View on Map
    • Land
    • 18,295 SF
    • 0.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 295 Grange Road Ext

    Lot size
    0.42 lot acres
    Property size
    18,295 SF
    Property type
    Land

    Description

    This exceptional 0.42-acre vacant land parcel presents a unique opportunity to build your dream home in the desirable Southold, NY, Bayview area. Located on a quiet, dead-end street, this level lot offers 100 feet of frontage on Grange Road and extends 160 feet deep. The property is mostly wooded, providing a peaceful setting while remaining conveniently close to the town of Southold, local vineyards, and the Greenport Brewery. The zoning for this property is R-40. The lot boasts a total area of 18,295 square feet, providing ample space for a custom home and landscaping. It's important to note that no preliminary work has been undertaken with the Department of Health, planning board, or building department, and no recent survey is available for the property. This presents a blank canvas for the buyer to design and construct their ideal North Fork getaway. Priced at $450,000, this property offers an exceptional value in a highly sought-after location. Buyers are responsible for conducting their own due diligence regarding permits and approvals. Don't miss this chance to create your perfect North Fork retreat. The address is 295 Grange Road, Southold, NY 11971.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southold
    County
    36103
    State
    New York
    Longitude
    -72.4362
    Latitude
    41.0492

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      49295 Rte 25

      VACANT COMMERCIAL LAND • 0.75 Acres
      49295 Rte 25, Southold, NY 11971-4631
      View Details
    • Value Estimation by Request
      0.36 Acres

      53745 Rte 25

      VACANT COMMERCIAL LAND • 0.36 Acres
      53745 Rte 25, Southold, NY 11971-4643
      View Details
    • Value Estimation by Request
      0.33 Acres

      40 Cottage Pl

      VACANT COMMERCIAL LAND • 0.33 Acres
      40 Cottage Pl, Southold, NY 11971-1528
      View Details
    • Value Estimation by Request
      0.23 Acres

      62845 Rte 25

      VACANT COMMERCIAL LAND • 0.23 Acres
      62845 Rte 25, Southold, NY 11971-4716
      View Details
    • Value Estimation by Request
      0.50 Acres

      46695 County Rd 48

      VACANT COMMERCIAL LAND • 0.50 Acres
      46695 County Rd 48, Southold, NY 11971-5023
      View Details
    • Value Estimation by Request
      2.25 Acres

      53530 Rte 25

      VACANT COMMERCIAL LAND • 2.25 Acres
      53530 Rte 25, Southold, NY 11971-4623
      View Details

    Similar Nearby for Sale

    • $1,600,000
      2.00 Acres

      Southold Land with Business Zoning

      Two acres in Southold, NY with Hamlet Business zoning.
      55975 Route 25, Southold, NY 11971
      View Details
    • $1,499,000
      5.25 Acres

      Undeveloped Land in Paradise Point

      5.25 acres of wooded land in Southold, New York.
      11200 N Bayview Rd, Southold, NY 11971
      View Details
    • $4,300,000
      45.77 Acres

      North Fork Vineyard Estate Opportunity

      Rare 45.77-acre North Fork vineyard with development potential.
      46975 Main Rd, Southold, NY 11971
      View Details
    • $899,000
      Pending

      Southold Land Near Beach

      Prime 2-acre corner lot near beaches, vineyards, and village center.
      195 Mount Beulah Ave, Southold, NY 11971
      View Details
    • $1,799,000
      8.65 Acres

      Cleared Land in Southold Town

      8.65 acres of R-80 zoned land in Southold, NY.
      420 Leon Rd, Southold, NY 11971
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      100,188 SF

      Southold Garage Space For Rent

      Three-bay garage available for rent in Southold, NY.
      1400 Youngs Ave, Southold, NY 11971
      View Details
    • $25 SF/Yr
      100,188 SF

      North Fork Business Headquarters

      Premiere commercial space in Southold, divisible units, ample parking.
      1400 Youngs Ave, Southold, NY 11971
      View Details
    • $1,250 /Mo

      North Fork Detached Garage Space

      Three-bay garage for storage or service on a professionally managed campus.
      1400 Youngs Ave, Southold, NY 11971
      View Details
    • $2,499 /Mo
      86,249 SF

      Southold Retail/Office Space Available

      Prime Southold location suitable for retail, office, or service uses.
      46520 County Rte 48, Southold, NY 11971
      View Details
    • $1,100 /Mo

      Adaptable Commercial Office Suite

      Flexible commercial office suite suitable for various professional uses.
      56475 Route 25, Southold, NY 11971
      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.
    295 Grange Road Ext
    Southold, NY 11971
    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
    295 Grange Road Ext, Southold, NY, 11971
    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!