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

    Veterans Memorial Hwy & Knickerbocker Ave Holbrook, NY 11741

    • Land
    • 1.37 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Veterans Memorial Hwy & Knickerbocker Ave

    Lot size
    1.37 lot acres
    Property type
    Land

    Description

    This exceptional 1.37-acre commercial land parcel presents a unique investment opportunity in Holbrook, New York. Strategically located at the intersection of Veterans Memorial Highway and Knickerbocker Avenue, this property boasts 170 feet of frontage on the heavily trafficked Veterans Memorial Highway, ensuring high visibility and accessibility. The land is already cleared and leveled, significantly reducing development costs and expediting the construction process. Its proximity—just two blocks from the entrance to MacArthur Airport—offers unparalleled convenience and exposure to a large volume of travelers and local businesses. This prime location is ideal for a variety of commercial developments. The property is offered for sale, or alternatively, a land lease or build-to-suit lease is available. A net annual lease income of $200,000 is projected, excluding real estate taxes. The build-to-suit lease price will be determined on a project-by-project basis. This is a rare opportunity to acquire a highly visible and well-situated commercial property in a thriving Suffolk County market. Don't miss this chance to capitalize on this exceptional location and create a successful commercial venture. The property is located in the 11741 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holbrook
    County
    Suffolk
    State
    New York
    Longitude
    -73.0726
    Latitude
    40.7772

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      Veterans Memorial Hwy & Knickerbocker Ave

      Land • 1.37 Acres
      0 Veterans Memorial Hwy & Knickerbocker Ave, Holbrook, NY 11741
      View Details
    • Value Estimation by Request
      9.74 Acres

      1420 Lincoln Ave

      Land • 9.74 Acres
      1420 Lincoln Ave, Holbrook, NY 11741
      View Details
    • Value Estimation by Request
      1.70 Acres

      Knickerbocker Ave

      COMMERCIAL (GENERAL) • 1.70 Acres
      Knickerbocker Ave, Holbrook, NY 11741
      View Details
    • Value Estimation by Request
      1.44 Acres

      411 Un Ave

      COMMERCIAL (GENERAL) • 1.44 Acres
      411 Un Ave, Holbrook, NY 11741-2032
      View Details
    • Value Estimation by Request
      14.73 Acres

      757 Broadway Ave

      COMMERCIAL (GENERAL) • 14.73 Acres
      757 Broadway Ave, Holbrook, NY 11741-4905
      View Details
    • Value Estimation by Request
      1.40 Acres

      4661 Veterans Memorial Hwy

      COMMERCIAL (GENERAL) • 1.40 Acres
      4661 Veterans Memorial Hwy, Holbrook, NY 11741-4515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.37 Acres

      Holbrook Commercial Land - 1.37 Acres

      High-traffic location, build-to-suit potential.
      0 Veterans Memorial Hwy & Knickerbocker Ave, Holbrook, NY 11741
      View Details
    • $10,900,000
      9.74 Acres

      Holbrook Industrial Land - $10.9M

      9.74-acre industrial development site
      1420 Lincoln Ave, Holbrook, NY 11741
      View Details
    • Contact for pricing
      8.70 Acres

      Holbrook Industrial Land - 8.7 Acres

      Prime Industrial Land near MacArthur Airport
      1428 Lincoln Ave, Holbrook, NY 11741
      View Details
    • Contact for pricing

      Holbrook Industrial Land For Sale

      Fenced yard near Vets Hwy, suitable for industrial building.
      295 Ellsworth St, Holbrook, NY 11741
      View Details
    • Contact for pricing

      Holbrook Industrial Land Opportunity

      Industrial land with two buildings, ideal for corporate headquarters.
      Lincoln Ave, Holbrook, NY 11741
      View Details
    • $719,000
      0.17 Acres

      Holbrook Commercial Property For Sale

      High-visibility commercial property with two storefronts in Holbrook, NY.
      317 Union Ave, Holbrook, NY 11741
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Holbrook Industrial Land for Lease

      1.37 Acres, Prime Industrial Location
      0 Veterans Memorial Hwy & Knickerbocker Ave, Holbrook, NY 11741
      View Details
    • $15 SF/Yr
      18,000 SF

      Holbrook Warehouse Space For Lease

      18,000 SF warehouse space available for short-term lease.
      25 Andrea Rd, Holbrook, NY 11741
      View Details
    • Contact for pricing
      54,750 SF

      Holbrook Warehouse with Office Space

      54,750 SF Holbrook warehouse with 40% office space.
      100 Colin Dr, Holbrook, NY 11741
      View Details
    • Contact for pricing
      21,453 SF

      Holbrook Retail Space For Lease

      Grocery-anchored retail center in Long Island community, 21,453 square feet.
      5801 Sunrise Hwy, Holbrook, NY 11741
      View Details
    • Contact for pricing

      Luxurious Apartment with Modern Amenities

      Spacious apartment near shopping, entertainment, and wine country.
      1301 Dolphin Ln, Holbrook, NY 11741
      View Details
    • Contact for pricing
      2,540 SF

      Holbrook Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces available for lease in Holbrook.
      101 Colin Dr, Holbrook, NY 11741
      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.
    Veterans Memorial Hwy & Knickerbocker Ave
    Holbrook, NY 11741
    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.