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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 Main St Sag Harbor, NY 11963

    • Investment properties
    • 2,294 SF
    • 0.20 lot acres
    For Lease
    View listing
    $14,430 /Mo
    Last Sale
    Aug 11, 2021
    Value Estimations
    $455,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6162954
    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.

    Current Use by Public Records

    • Peleg Latham House / Historical Landmark
    • Jack's Stir Brew Coffee / Coffee Shop
    • Andie Swim / Swimwear Store / Beach Clothing Store

    Property Details for 117 Main St

    Year built
    1996
    Lot size
    0.20 lot acres
    Property size
    2,294 SF
    Zone code
    VILLA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0903-003.00-04.00-004.000
    APU
    903003000400004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $242k - $652k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sag Harbor
    County
    Suffolk
    State
    New York
    Longitude
    -72.2949
    Latitude
    40.9996
    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
    $16,004
    $1,226,900
    $547,000
    $1,773,900
    -
    $1,765,324
    $787,050
    $2,552,374

    Comparable in this City

    • Value Estimation
      $505,000
      3,123 SF

      41 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,123 SF
      41 Main St, Sag Harbor, NY 11963-3012
      View Details
    • Value Estimation
      $610,000
      2,360 SF

      144 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,360 SF
      144 Main St, Sag Harbor, NY 11963-3007
      View Details
    • Value Estimation
      $465,000
      1,007 SF

      42 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,007 SF
      42 Main St, Sag Harbor, NY 11963-3006
      View Details
    • Value Estimation
      $750,000
      9,868 SF

      48 Madison St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,868 SF
      48 Madison St, Sag Harbor, NY 11963-4463
      View Details
    • Value Estimation
      $375,000
      2,346 SF

      96 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,346 SF
      96 Main St, Sag Harbor, NY 11963-3006
      View Details
    • Value Estimation
      $345,000
      2,058 SF

      23 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,058 SF
      23 Brg St, Sag Harbor, NY 11963-3023
      View Details

    Similar Nearby for Sale

    • $3,995,000
      3,000 SF

      Fully Leased Sag Harbor Commercial Building

      Mixed-use property in Sag Harbor's Village Core Business District.
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    • $3,995,000
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      Sag Harbor Bay Waterfront Land

      Vacant land with permits for a custom beach house.
      11 Terry Dr, Sag Harbor, NY 11963
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    • $1,895,000
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      Sag Harbor Mixed-Use Investment

      Prime location, 2-unit building, high potential.
      12 Rose St, Sag Harbor, NY 11963
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    • $1,750,000
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      Waterfront Land Parcel in Sag Harbor

      Approved land parcel ready for a custom Hamptons waterfront home.
      4529 Noyac Rd, Sag Harbor, NY 11963
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    • $4,250,000
      3,000 SF

      Sag Harbor Commercial Property

      Prime Sag Harbor location, high potential
      23 Bridge St, Sag Harbor, NY 11963
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    • $1,400,000
      1.14 Acres

      Sag Harbor Vacant Land

      1.14 +/- acre vacant land in Sag Harbor, NY.
      2736 Deerfield Rd, Sag Harbor, NY 11963
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      4,356 SF

      Renovated Office Spaces in Sag Harbor

      Premium office spaces in Sag Harbor's heart, fully renovated.
      200 Division St, Sag Harbor, NY 11963
      View Details
    • $11,500 /Mo
      4,356 SF

      Renovated Mixed-Use Property in Sag Harbor

      Remodeled mixed-use property in Sag Harbor Village, available for lease.
      200 Division St, Sag Harbor, NY 11963
      View Details
    • Contact for pricing

      Renovated Apartment in Historic Building

      Renovated 3-bedroom apartment in Sag Harbor with modern amenities.
      3 Madison St, Sag Harbor, NY 11963
      View Details
    • $15,000 /Mo

      Retail Space for Lease

      Retail space available for lease in Sag Harbor, NY.
      1224 Brick Kiln Rd, Sag Harbor, NY 11963
      View Details
    • Contact for pricing

      Sag Harbor Specialty Property

      Specialty property available for rent in Sag Harbor, NY.
      69 Fresh Pond Rd, Sag Harbor, NY 11963
      View Details
    • Contact for pricing

      Sag Harbor Retail Space Available

      Retail space for rent in Sag Harbor, New York.
      10 Eastview Ct, Sag Harbor, NY 11963
      View Details
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    117 Main St
    Sag Harbor, NY 11963
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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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