791-795 Middle Country RdSaint James, NY 11780

  • Retail properties
  • 14,460 SF
For Sale
$3,955,000 View listing

Property Details for 791-795 Middle Country Rd

Lot size
1.07 AC
Property size (Sq ft)
14,460 SF
Property type
Retail properties
Property subtype
Retail space
APN
0800-110.00-04.00-008.003
APU
800110000400008003

Description

This exceptional 14,582 square foot multi-tenant warehouse and flex space property, located at 791-795 Middle Country Road in Saint James, New York, presents a compelling investment opportunity. Boasting a highly visible street frontage on Middle Country Road, this 1980-built property sits on a 1.05-acre lot and offers significant potential for various uses. Currently operating at 100% occupancy with a strong 7.00% cap rate, the asking price is $3,955,000. The property features six loading docks, ample parking for 50 vehicles, and a desirable 17'3" ceiling height. The property is classified as Retail and Industrial, with a Net lease type. Its strategic location in Suffolk County, NY, zip code 11780, provides easy access to major transportation routes and a thriving commercial area. This is a rare opportunity to acquire a well-maintained, fully occupied industrial property with significant upside potential. The property's size, location, and features make it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a desirable market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,514,285
    6.5%
    $3,243,955
    7%
    $3,012,244
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,761,146
    Geo Method
    $4,761,146
  • Alternative Use

    Use
    Valuation
    Residential
    $2,736,398
    Hospitality
    $2,506,526
    Educational
    $2,085,400
    Medical
    $2,157,120
    Retail
    $3,243,955
791-795 Middle Country Rd, Saint James, New York
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Location Insight

City
Saint James
County
Suffolk
State
New York
Latitude
40.8619
Longitude
-73.1485
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
-
$1,410
$17,310
$18,720
-
$1,621
$19,897
$21,518

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