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

    2036 County Road 39 Southampton, NY 11968

    • Office buildings
    • 6,156 SF
    • 1.22 lot acres
    For Lease
    View listing
    $10,000 /Mo
    Last Sale
    Aug 11, 2022
    $2,100,000
    Value Estimations
    $2,220,000
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US63-0570312
    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

    • Behind The Hedges / News Service
    • Dan's Papers / Internet Marketing Service / Marketing Agency

    Property Details for 2036 County Road 39

    Year built
    2008
    Lot size
    1.22 lot acres
    Property size
    6,156 SF
    Zone code
    R40
    Property type
    Office buildings
    APN
    0900-177.00-02.00-058.001
    APU
    900177000200058001

    Description

    This exceptional 3,000-square-foot medical office building is available for lease in the desirable Southampton, New York market. Located at 2036 County Road 39, this single-tenant property sits on a spacious 1.232-acre lot and offers ample parking with 37 spaces. The building is currently entirely vacant, presenting a unique opportunity for a medical practice or professional office seeking a move-in ready space. The property's classification as both a medical and professional office allows for a wide range of potential uses. The building's total square footage is 3,000 square feet, all of which is available for lease. Its location in Suffolk County, New York, provides easy access to local amenities and a strong patient or client base. The property's address is 2036 County Road 39, Southampton, NY 11968. This is an excellent opportunity to establish or expand a practice in a thriving community. The property's size and parking capacity make it ideal for a variety of medical or professional uses. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,290,000
      ML approach
      $2,125,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,880,000
      6.5%
      $1,735,000
      7%
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,299,000
      Market price range: $1.55M - $4.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,930,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.4679
    Latitude
    40.8945
    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
    $16,918
    $665,700
    $1,128,100
    $1,793,800
    -
    $957,842
    $1,623,165
    $2,581,007

    Comparable in this City

    • Value Estimation
      $445,000
      32,042 SF

      33 Flying Pt Rd

      OFFICE BUILDING • 32,042 SF
      33 Flying Pt Rd, Southampton, NY 11968-5248
      View Details
    • Value Estimation
      $150,000
      14,062 SF

      116 Hampton Rd

      OFFICE BUILDING • 14,062 SF
      116 Hampton Rd, Southampton, NY 11968-4934
      View Details
    • Value Estimation
      $235,000
      8,110 SF

      54 Main St

      PROFESSIONAL BUILDING • 8,110 SF
      54 Main St, Southampton, NY 11968-3336
      View Details
    • Value Estimation
      $355,000
      1,512 SF

      335 Meeting House Ln

      OFFICE BUILDING • 1,512 SF
      335 Meeting House Ln, Southampton, NY 11968-5051
      View Details
    • Value Estimation
      $255,000
      8,392 SF

      676 County Rd 39a

      OFFICE BUILDING • 8,392 SF
      676 County Rd 39a, Southampton, NY 11968-5241
      View Details
    • Value Estimation
      $235,000
      804 SF

      535 County Rd 39a

      OFFICE BUILDING • 804 SF
      535 County Rd 39a, Southampton, NY 11968-5240
      View Details

    Similar Nearby for Sale

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      Southampton Commercial Building with Elevator

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      Commercial Building Near LIRR Station

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    • $1,177,000
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      Southampton Medical Office Condo

      Prime Medical Office Space - High Demand
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      View Details
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      Southampton Medical Building For Sale

      Medical building in the heart of Southampton Village, owner financing.
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      Medical Condo Near Stonybrook Hospital

      Medical condo unit across from Stonybrook Southampton Hospital.
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    Similar Nearby for Lease

    • $10,000 /Mo

      Southampton Commercial Space for Lease

      Flexible commercial space in Southampton's Highway Business zoning district.
      2036 County Road 39, Southampton, NY 11968
      View Details
    • New
      $1,800 /Mo
      800 SF

      Southampton Village Professional Office Suites

      Professional office suites in Southampton Village, ideal for various uses.
      414 County Road 39, Southampton, NY 11968
      View Details
    • Contact for pricing
      19,865 SF

      Southampton Office & Retail Space

      Prime Southampton location, multiple suites available
      1 Hill St, Southampton, NY 11968
      View Details
    • $45 SF/Yr
      2,500 SF

      Southampton Medical Office Suites

      Prime Southampton location, 2 suites available
      365 County Road 39A, Southampton, NY 11968
      View Details
    • $2,750 /Mo
      3,875 SF

      Southampton Office Suites For Lease

      Professional office suites available in the heart of Southampton's business district.
      149 Hampton Rd, Southampton, NY 11968
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Southampton, NY.
      60 Pulaski St, Southampton, NY 11968
      View Details
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    2036 County Road 39
    Southampton, NY 11968
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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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