Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    195 Ml Rd Westhampton Beach, NY 11978-2012
    Property profile & analytics

    195 Ml Rd, Westhampton Beach, NY 11978-2012

    View on Map
    • Investment properties
    • 1,232 SF
    • 0.39 lot acres
    Off-Market
    Last Sale Jan 4, 2025
    $4,825,000
    Property ID
    US63-0515666
    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

    • Camp Good Grief / Campground & RV Park

    Property Details for 195 Ml Rd

    Year built
    1980
    Lot size
    0.39 lot acres
    Zone code
    HC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0905-008.00-02.00-023.000
    APU
    905008000200023000

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,300 square-foot Starbucks located at 195 Mill Rd, Westhampton Beach, NY 11978. Situated on a 0.37-acre lot with 17 parking spaces, this Class A property boasts a prominent location within a five-corner intersection serving as the gateway to Westhampton Beach's affluent downtown shopping district. The single-tenant, net-lease property features a credit-rated, corporate-guaranteed tenant with a 10-year lease commencing January 10, 2025, and expiring January 10, 2035, offering a remaining term of 10.1 years. The lease includes 10% rent bumps every five years and four (with an option for a fifth) five-year renewal options. The property's strong financial performance is reflected in its $225,000 net operating income (NOI) and a 4.25% cap rate. Landlord responsibilities are limited to roof, structure, and building systems. The building, constructed in 2024, is a single-story structure within walking distance of luxury residences, Westhampton Beach High School, and the vibrant downtown area. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a prime location within a highly desirable market. The asking price is $5,294,118.

    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
    Westhampton Beach
    County
    Suffolk
    State
    New York
    Longitude
    -72.647
    Latitude
    40.8142
    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
    $17,154
    $258,100
    $0.00
    $258,100
    -
    $371,367
    $0.00
    $371,367

    Comparable in this City

    • Value Estimation
      $1,110,000
      5,027 SF

      104 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      104 Main St, Westhampton Beach, NY 11978-2631
      View Details
    • Value Estimation
      $675,000
      2,303 SF

      41 Sunset Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      41 Sunset Ave, Westhampton Beach, NY 11978-2323
      View Details
    • Value Estimation by Request
      588 SF

      116 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      116 Main St, Westhampton Beach, NY 11978-2630
      View Details
    • Value Estimation
      $580,000
      2,240 SF

      540 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE)
      540 Montauk Hwy, Westhampton Beach, NY 11978-1805
      View Details
    • Value Estimation by Request
      1,754 SF

      123 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      123 Main St, Westhampton Beach, NY 11978-2654
      View Details
    • Value Estimation
      $805,000
      3,760 SF

      169 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      169 Main St, Westhampton Beach, NY 11978-2701
      View Details

    Similar Nearby for Sale

    • $3,950,000
      2,174 SF

      Bayfront Multifamily Cottage in Westhampton

      Multifamily property with bay views, guest cottage, and beach access.
      654A Dune Rd, Westhampton Dunes, NY 11978
      View Details
    • $4,200,000
      0.26 Acres

      Oceanfront Lot in Westhampton Dunes

      Prime oceanfront building lot with sunset ocean views and bay access.
      699 Dune Rd, West Hampton Beach, NY 11978
      View Details
    • $1,999,999
      0.34 Acres

      Westhampton Beach Multi-Unit Office Compound

      Multi-unit office compound in Westhampton Beach, renovated and well-located.
      16 Library Avenue Ext, West Hampton Beach, NY 11978
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr

      Westhampton Beach Retail Space Available

      Prime retail space in Westhampton Beach's downtown Main Street.
      132 Main St, West Hampton Beach, NY 11978
      View Details
    • $40 SF/Yr
      1,202 SF

      Westhampton Beach Retail Opportunity

      Prime retail space in Westhampton Beach's downtown Main Street.
      132 Main St, West Hampton Beach, NY 11978
      View Details
    • Contact for pricing
      8,197 SF

      Westhampton Beach Warehouse For Rent

      Warehouse space available for lease in Westhampton Beach, NY.
      200 Rogers Way, West Hampton Beach, NY 11978
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Westhampton Beach

      Retail space available in CVS anchored shopping center.
      131 Sunset Ave, West Hampton Beach, NY 11978
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    195 Ml Rd
    Westhampton Beach, NY 11978-2012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    195 Ml Rd, Westhampton Beach, NY, 11978
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!