Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1695-1697 Rte Ridge, NY 11961

    Property Lookup

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

    1695-1697 Rte Ridge, NY 11961

    View on Map
    • Retail properties & Spaces
    • 29,185 SF
    • 0.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1695-1697 Rte

    Lot size
    0.67 lot acres
    Property size
    29,185 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This 29,185 square foot property in Ridge, NY, offers a prime commercial location on a 0.67-acre lot with 96 feet of frontage on Middle Country Road (Route 25). The property is zoned J 6 (MSBD) Main St. Business Dist and boasts pre-approved site plans for a 3,200 square foot office/wet retail building. Its ideal location is directly across from the US Post Office, ensuring high visibility and accessibility. The property is suitable for various uses, including retail, office, and medical spaces. The seller is motivated and will consider build-to-suit options. This presents a unique opportunity for investors or developers seeking a high-traffic location with existing approvals, making it ready for immediate development or occupancy. The property's APN is 0200-351.00-01.00-003.000. All offers are being considered.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridge
    County
    Suffolk
    State
    New York
    Longitude
    -72.8912
    Latitude
    40.8949

    Comparable in this City

    • Value Estimation by Request
      4.30 Acres

      1901 Middle Country Rd

      Land • 4.30 Acres
      1901 Middle Country Rd, Ridge, NY 11961
      View Details
    • Value Estimation
      $1,700,000
      0.50 Acres

      Whiskey Rd

      HOMES (RETIRED, NURSING) • 0.50 Acres
      Whiskey Rd, Ridge, NY 11961
      View Details
    • Value Estimation by Request
      0.09 Acres

      Berwick Ct

      SHOW ROOM, WAREHOUSE • 0.09 Acres
      Berwick Ct, Ridge, NY 11961
      View Details
    • Value Estimation by Request
      0.13 Acres

      1001 Middle Country Rd

      OFFICE BUILDING • 0.13 Acres
      1001 Middle Country Rd, Ridge, NY 11961-2806
      View Details
    • Value Estimation by Request
      4.36 Acres

      William Floyd Pkwy

      OFFICE BUILDING • 4.36 Acres
      William Floyd Pkwy, Ridge, NY 11961
      View Details
    • Value Estimation by Request
      1.00 Acre

      Red Maple Rd

      OFFICE BUILDING • 1.00 Acre
      Red Maple Rd, Ridge, NY 11961
      View Details

    Similar Nearby for Sale

    • $499,000

      Commercial Lot on Route 25

      0.67 acre lot with approved office/retail plans.
      1695-1697 Rte 25, Ridge, NY 11961
      View Details
    • Contact for pricing

      Office/Retail Lot on Route 25

      0.67 acre lot with approved plans for office/retail.
      1695-1697 Rte 25, Ridge, NY 11961
      View Details
    • $1,000,000
      3,486 SF

      Professional Office Building on Route 25

      3,486 SF office building with owner-user suite and lease-up upside.
      1814 Middle Country Rd, Ridge, NY 11961
      View Details
    • $1,000,000
      3,486 SF

      Professional Office Building on Route 25

      3,486 SF office building with owner-user suite and lease-up upside.
      1814 Middle Country Rd, Ridge, NY 11961
      View Details
    • $11,250,000
      45,000 SF

      Luxury Ridge Office Building

      Prime HQ location, 45,000 SF, award-winning design.
      1 Research Road, Ridge, NY 11961
      View Details
    • Contact for pricing
      4,051 SF

      Retail Property on Middle Country

      Retail property with 4,051 square feet of space.
      1699 Middle Country Rd, Ridge, NY 11961
      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.
    1695-1697 Rte
    Ridge, NY 11961
    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.
    Sign Up Successful!
    You now have access to more from Realmo!