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    Property profile & analytics

    231 Deerfield Rd Water Mill, NY 11976

    • Investment properties
    • 3,718 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $2,480,000
    Last Sale
    Oct 30, 2020
    $2,250,000
    Location Intelligence
    Property ID
    US63-1196940
    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

    • Investment properties

    Property Details for 231 Deerfield Rd

    Year built
    1985
    Lot size
    0.99 lot acres
    Property size
    3,718 SF
    Zone code
    CR80
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0900-101.00-02.00-012.000
    APU
    900101000200012000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,460,000
      6.5%
      $2,075,000
      7%
      $2,455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,995,000
      Geo Method
      $1,995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,460,000
      Retail
      $2,640,000
      Mixed-Use
      $2,385,000
      Hospitality
      $2,595,000
      Educational
      $1,975,000
      Residential Income
      $2,530,000
      Energy
      $2,725,000
      Income-Based Land
      $2,710,000
      Food Service
      $2,650,000

    Location Insight

    • Map
    • Local Demand
    City
    Water Mill
    County
    Suffolk
    State
    New York
    Longitude
    -72.352
    Latitude
    40.9187
    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
    $7,052
    $1,190,700
    $516,400
    $1,707,100
    -
    $1,713,237
    $743,022
    $2,456,259

    Comparable in this City

    • Value Estimation by Request
      9,864 SF

      1332 Deerfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,864 SF
      1332 Deerfield Rd, Water Mill, NY 11976-2107
      View Details
    • Value Estimation
      $245,000
      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
      $610,000
      3,120 SF

      692 Montauk Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      692 Montauk Hwy, Water Mill, NY 11976
      View Details
    • Value Estimation
      $800,000
      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
      $335,000
      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
      $230,000
      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

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      9.17 Acres

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      9-acre Southampton land parcel with approved building plans.
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      Water Mill Vacant Land

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    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Water Mill, NY.
      10 Uncle Leos Ln, Watermill, NY 11976
      View Details
    • Contact for pricing

      Water Mill Warehouse Space Available

      Warehouse space for rent in Water Mill, New York.
      653 Head Of Pond Rd, Watermill, NY 11976
      View Details
    • $20,833

      Water Mill Specialty Property

      Specialty property available for rent in Water Mill, NY.
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      View Details
    • 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
    • $42 SF/Yr
      7,667 SF

      Montauk Highway Retail Spaces

      Prime Retail & Office Opportunity
      670 Montauk Hwy, Water Mill, NY 11976
      View Details
    • Contact for pricing

      Water Mill Specialty Property

      Specialty property available for rent in Water Mill, NY.
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      View Details
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    231 Deerfield Rd
    Water Mill, NY 11976
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    Realmo Value Estimation

    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.

    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.

    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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