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    Property profile & analytics

    1332 Deerfield Rd Water Mill, NY 11976-2107

    • Investment properties
    • 9,864 SF
    • 10.59 lot acres
    OFF-MARKET
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3397536
    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

    • The Pondview / Bed & Breakfast / Restaurant

    Property Details for 1332 Deerfield Rd

    Year built
    2014
    Lot size
    10.59 lot acres
    Property size
    9,864 SF
    Zone code
    CR200
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0900-064.00-03.00-019.001
    APU
    900064000300019001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,925,000
      6.5%
      $2,700,000
      7%
      $2,510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,309,000
      Market price range: $860k - $2.31M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,965,000
      Current use
      AUTO REPAIR, GARAGE
      $3,625,000
      Change: +22% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,380,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Water Mill
    County
    Suffolk
    State
    New York
    Longitude
    -72.3678
    Latitude
    40.9409
    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
    $23,535
    $1,827,200
    $3,962,850
    $5,790,050
    -
    $2,629,065
    $5,701,942
    $8,331,007

    Comparable in this City

    • Value Estimation
      $2,255,000
      3,718 SF

      231 Deerfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,718 SF
      231 Deerfield Rd, Water Mill, NY 11976
      View Details
    • Value Estimation by Request
      1,126 SF

      779 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,126 SF
      779 Montauk Hwy, Water Mill, NY 11976-2607
      View Details
    • Value Estimation
      $830,000
      3,120 SF

      692 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      692 Montauk Hwy, Water Mill, NY 11976
      View Details
    • Value Estimation
      $525,000
      1,829 SF

      700 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,829 SF
      700 Montauk Hwy, Water Mill, NY 11976-2623
      View Details
    • Value Estimation
      $535,000
      1,972 SF

      773 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,972 SF
      773 Montauk Hwy, Water Mill, NY 11976-2607
      View Details
    • Value Estimation by Request
      1,668 SF

      84 Windmill Ln

      STORE/OFFICE (MIXED USE) • 1,668 SF
      84 Windmill Ln, Water Mill, NY 11976-2516
      View Details

    Similar Nearby for Sale

    • $14,000,000
      2.91 Acres

      Water Mill Vacant Waterfront Land

      2.91 acres with permits for a 20,000 SF residence.
      975 Flying Point Rd, Watermill, NY 11976
      View Details
    • $1,600,000
      1,880 SF

      Water Mill Retail Business Opportunity

      Turnkey wine and spirits business with off-premise license for sale.
      760 Montauk Hwy, Watermill, NY 11976
      View Details
    • $1,500,000
      1.50 Acres

      Water Mill Vacant Land

      1.5 acre lot in Water Mill cul-de-sac.
      12 Path End Ct, Watermill, NY 11976
      View Details
    • $3,495,000
      9.17 Acres

      Southampton Land with Building Plans

      9-acre Southampton land parcel with approved building plans.
      1593 Deerfield Rd, Southampton, NY 11976
      View Details
    • $25,500,000

      Water Mill Land Assemblage

      Rare opportunity: expansive land with protected agricultural reserve.
      635-731 Head Of Pond Rd, Watermill, NY 11976
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space in Water Mill

      Retail space available in Bridgehampton Commons, Water Mill, NY.
      2102 Montauk Hwy, Watermill, NY 11976
      View Details
    • $85 SF/Yr
      6,300 SF

      New Medical Office Space

      New medical office space for lease in Watermill, NY.
      1004 Montauk Hwy, Watermill, NY 11976
      View Details
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    Water Mill, NY 11976-2107
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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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