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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Warehouses
204 Butter Ln, Bridgehampton, NY 11932
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2941372
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
4,851 SF
Lot
0.83 ac (36,155 SF)
Zoning code
LI40
APN
0900-085.00-01.00-007.001
UPID
US63-2941372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.87M
Owner & transaction history
204 Butter Wb LLC · 5 yrs held
204 Butter Wb LLC
since 2021
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
LI40 · Bridgehampton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+123.2%
Auto repair, garage
$1.8M
+72.3%
Commercial (general)
$1.5M
+40.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bridgehampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgehampton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,815,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,310,000
Change: +123% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,785,000
Change: +72% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,460,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $2.00M (Apr 16 2021)
Last sale anchor
$2.00M
Apr 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$385 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$4,274
Tax year 2020
Assessed value
$1,163,400
Assessed 2023
Previous assessed
$1,163,400
+0.0% YoY
Effective rate
0.37%
On assessed value
Assessed land
$295,500
Assessed improvement
$867,900
Land market value
$425,180
Improvement market value
$1,248,777
Total market value
$1,673,957
Applied tax rate
473,609.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
2
Total area
4,851 SF
Lot
0.83 ac (36,155 SF)
Zoning code
LI40
APN
0900-085.00-01.00-007.001
UPID
US63-2941372
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
LI40 · Bridgehampton, NY
Zoning LI40 · permitted uses
LI40 · Bridgehampton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgehampton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
204 Butter Wb LLC
Entity
Free & Clear · 5 yrs held
Mailing address
CO EQUINOX HOLDING INC, PARK AVE FL, NY
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2021
$2,000,000
204 Butter Wb LLC
Societe Du Vin LLC
Deed
—
Jan 23, 2012
—
Societe Du Vin LLC
Pinot Place LLC
Grant Deed
related
—
Jan 25, 2010
$1,300,000
Pinot Place LLC
Wethree Ents LLC
Grant Deed
—
Sep 13, 2005
$1,200,000
We Three Ents LLC
South Shore Produce INC
Grant Deed
$1,500,000 · Suffolk County National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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