A 0.68-acre commercial land parcel in Water Mill, New York, containing approximately 4,050 square feet of existing improvements across multiple structures. The site has about 310 feet of frontage along Montauk Highway and is located near the intersection of Montauk Highway and Windmill Lane, providing exposure along the commercial corridor. Zoning is described as flexible, supporting redevelopment and alternative planning within the bounds of applicable regulations.

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.

Debts

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 · 2020

What does the county charge?

$4k

Tax billed · 2020

Assessed value · 2023$1.04M

Assessed land$336k

Assessed improvement$703k

Effective rate0.40%

Value estimate

· Oct 2026

$2.78M

$2.50M – $3.05M

AI approach$2.55M

Submarket $/SF estimate$1.68M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$368/SF

County average, outlier-cleaned · 29 recorded sales of this use type

Observed band · Q1–Q3$223 – $624

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

CR40

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 Shop8.9

Locksmith8.6

Furniture Store8.4

1640 Montauk Hwy Water Mill, NY 11976-2633

County assessor Recorded deeds · 1 transfer 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

8 properties nearby

No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.

Comparable nearby

Value Estimation
$360,000

2,682 SF

828 Montauk Hwy

FINANCIAL BUILDING

828 Montauk Hwy, Water Mill, NY 11976-2625

View Details
Value Estimation
$355,000

2,700 SF

2 Montauk Hwy

RETAIL STORES (PERSONAL SERVICES)

2 Montauk Hwy, Water Mill, NY 11976

View Details
Value Estimation
$315,000

2,819 SF

1524 Montauk Hwy

RETAIL STORES (PERSONAL SERVICES)

1524 Montauk Hwy, Water Mill, NY 11976-2632

View Details
Value Estimation
$465,000

3,300 SF

903 Montauk Hwy

RETAIL STORES (PERSONAL SERVICES)

903 Montauk Hwy, Water Mill, NY 11976-2614

View Details
Value Estimation
$400,000

3,312 SF

734 Montauk Hwy

RETAIL STORES (PERSONAL SERVICES)

734 Montauk Hwy, Water Mill, NY 11976-2623

View Details
Value Estimation
$365,000

2,160 SF

938 Montauk Hwy

VEHICLE SALES, RENTALS

938 Montauk Hwy, Water Mill, NY 11976-2626

View Details

Similar Nearby for Lease

New

$44,166/Mo

New Two-Story Office Building

Newly built office property with elevator access, flexible suite configuration, basement storage, and dedicated parking.

Watermill, NY 11976

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New

$7,500/Mo

New Flex Space Buildings

Two newly constructed buildings combine temperature-controlled storage, upper-level showroom space, and substantial on-site parking.

Watermill, NY 11976

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1640 Montauk Hwy Water Mill, NY 11976

Property summary