Financial
Distress signals
Property profile

3225 Sound Ave Riverhead, NY 11901

FOR LEASE
Showrooms
Property ID
US63-4241601
2,141 SF 1.75 ac lot Built 1921
Last sale Feb 2020 · $1,600,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This one-story commercial building contains 2,960 square feet and is located within a mixed-use complex on a 1.75-acre site. The property is positioned along Sound Avenue, a high-traffic corridor in a wine-country area surrounded by vineyards and agritourism businesses, with other on-site uses including a restaurant, bar, and retail establishments. The building includes two bathrooms and is configured to be divisible into two separate spaces. It provides on-site parking and is suitable for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$270k
Assessed land$50k
Assessed improvement$220k

Value estimate

· Sep 2026
$1.84M
$1.65M – $2.02M
AI approach$1.86M
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$15k
Operating expenses−$17k
NOI · 1,017.96% cap applied$51k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$263/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$171 – $364

Cap rate analysis

How does the asset earn?
1,017.96%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
04 - FARM
JurisdictionSUFFOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.6
Dental Office10.5
Wholesale Shop10.0

Location

3225 Sound Ave Riverhead, NY 11901
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
393 Pulaski, Riverhead, NY 11901-4809 $925,000 Nov 2024 1,956 SF
705 Roanoke, Riverhead, NY 11901-2729 $525,000 Sep 2023 3,250 SF
721 Flanders, Flanders, NY 11901-3835 $2,500,000 Mar 2023 2,679 SF
121 Main, Riverhead, NY 11901-2455 $950,000 Aug 2021 5,240 SF
1201 Ostrander, Riverhead, NY 11901-2108 $640,000 Aug 2019 2,305 SF
140 Main, Riverhead, NY 11901-2445 $1,450,000 Dec 2018 3,844 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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