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    Eastport Manorville Rd Eastport, NY 11941
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    Eastport Manorville Rd Eastport, NY 11941

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    • Retail properties & Spaces
    • 47,637 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Eastport Manorville Rd

    Property size
    47,637 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is situated in the heart of Eastport, New York, offering a prime location near Highway 27. The property, known as Eastport, boasts a total of 47,637 square feet and comprises two suites within a multi-tenant building. Currently, there is 2,880 square feet of vacant retail space available, divisible into units ranging from a minimum of 1,280 square feet to a maximum contiguous space of 1,600 square feet. This presents a unique chance for businesses seeking flexible space to accommodate their specific needs. The property's location in Eastport, Suffolk County (zip code 11941), benefits from strong local demographics and convenient access to major roadways, ensuring high visibility and accessibility for customers. The address is on Eastport Manorville Road. This is an excellent opportunity for businesses looking to establish or expand their presence in a thriving community. The property is categorized as commercial retail space. Serious inquiries are encouraged to explore this promising investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eastport
    County
    Suffolk
    State
    New York
    Longitude
    -72.7156
    Latitude
    40.8287

    Comparable in this City

    • Value Estimation by Request
      47,637 SF

      & Monta Eastport Manorville Rd

      Lifestyle centers • 47,637 SF
      & Monta Eastport Manorville Rd, Eastport, NY 11941
      View Details
    • Value Estimation by Request
      2.00 Acres

      111 Eastport Manor Rd

      Restaurants • 8,000 SF
      111 Eastport Manor Rd, Eastport, NY 11941
      View Details
    • Value Estimation by Request
      0.18 Acres

      1 Old Montauk Hwy

      BAR, TAVERN • 0.18 Acres
      1 Old Montauk Hwy, Eastport, NY 11941
      View Details
    • Value Estimation by Request
      1,256 SF

      336 Montauk Hwy

      GAS STATION • 1,256 SF
      336 Montauk Hwy, Eastport, NY 11941-1319
      View Details
    • Value Estimation by Request
      0.34 Acres

      405 Old Montauk Hwy

      AUTO REPAIR, GARAGE • 0.34 Acres
      405 Old Montauk Hwy, Eastport, NY 11941-1421
      View Details
    • Value Estimation by Request
      0.25 Acres

      520 Montauk Hwy

      GAS STATION • 0.25 Acres
      520 Montauk Hwy, Eastport, NY 11941-1125
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Renovated Office Space in Eastport

      2,000 sq. ft. renovated office space in Eastport.
      500 Montauk Hwy, Eastport, NY 11941
      View Details
    • Contact for pricing

      Renovated Office Space in Eastport

      2,000 sq ft renovated office space in Eastport, NY.
      500 Montauk Hwy, Eastport, NY 11941
      View Details
    • New
      $379,999
      1.40 Acres

      Expansive Eastport Vacant Land Parcel

      1.4-acre vacant lot in Eastport, build your dream home.
      267 Old Country Rd, Eastport, NY 11941
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Eastport Garage Space for Lease

      One-and-a-half car garage space available for lease.
      510 Montauk Hwy, Eastport, NY 11941
      View Details
    • Contact for pricing

      Eastport Plaza Retail Opportunities

      Retail spaces and pad site available in Eastport Plaza.
      5 Eastport Manor Rd, Eastport, NY 11941
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space in Eastport Center

      Retail space in Eastport, near Highway 27 and Sunrise Highway.
      5-25 Eastport Manor Rd, Eastport, NY 11941
      View Details
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    Eastport, NY 11941
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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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