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    11 Rector St Sag Harbor, NY 11963-3167
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    Property profile & analytics

    11 Rector St Sag Harbor, NY 11963-3167

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    • Investment properties
    • 0.34 lot acres
    Off-Market
    Property ID
    US63-6285210
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 11 Rector St

    Lot size
    0.34 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0302-002.00-02.00-010.000
    APU
    302002000200010000

    Description

    This 1,800 square foot executive office space at 11 Rector St, Sag Harbor Village, NY 11963, is situated on a 0.34-acre lot. Built in 1995, the single-building property offers a unique opportunity for multiple tenants. The space is currently entirely vacant and ready for immediate occupancy. The building features a thoughtfully designed layout. The first floor encompasses 965 square feet, while the second floor offers an additional 595 square feet, including an outdoor deck overlooking the property. Amenities include central air conditioning, town water, and built-in Sonos speakers. The property's location east of Main Street in Sag Harbor Village provides convenient access to local amenities. While previously used as a residence with three bedrooms and two bathrooms (one full, one half), the flexible space is perfectly suited for a variety of office configurations. This well-maintained property presents a rare opportunity in the desirable Sag Harbor market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sag Harbor
    County
    Suffolk
    State
    New York
    Longitude
    -72.2941
    Latitude
    41.0009
    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
    $0.00
    $500
    $9,775
    $10,275
    -
    $583
    $11,402
    $11,985

    Comparable in this City

    • Value Estimation
      $10,055,000
      4,925 SF

      2 Main St

      STORE/OFFICE (MIXED USE) • 4,925 SF
      2 Main St, Sag Harbor, NY 11963-3002
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    • Value Estimation by Request
      475 SF

      3329 Noyac Rd

      STORE/OFFICE (MIXED USE) • 475 SF
      3329 Noyac Rd, Sag Harbor, NY 11963-1920
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    • Value Estimation by Request
      450 SF

      3331 Noyac Rd

      STORE/OFFICE (MIXED USE) • 450 SF
      3331 Noyac Rd, Sag Harbor, NY 11963-1920
      View Details
    • Value Estimation by Request
      0.29 Acres

      286 Hampton St

      STORE/OFFICE (MIXED USE) • 0.29 Acres
      286 Hampton St, Sag Harbor, NY 11963-4208
      View Details
    • Value Estimation by Request
      5,423 SF

      22 Long Is Ave

      STORE/OFFICE (MIXED USE) • 5,423 SF
      22 Long Is Ave, Sag Harbor, NY 11963-3033
      View Details
    • Value Estimation
      $1,540,000
      448 SF

      16 Spg Ln

      STORE/OFFICE (MIXED USE) • 448 SF
      16 Spg Ln, Sag Harbor, NY 11963-2338
      View Details

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    11 Rector St
    Sag Harbor, NY 11963-3167
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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.

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    11 Rector St, Sag Harbor, NY, 11963
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