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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Warehouses
240 Hedges Ave, East Patchogue, NY 11772-5584
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0635006
Property summary
AI-generated overview
This exceptional 3,700-square-foot warehouse, located at 240 Hedges Avenue in Patchogue, New York, presents a significant leasing opportunity. Situated on a two-acre lot in Suffolk County, this industrial property offers ample space for various business needs. The entire 3,700 square feet is currently vacant, providing immediate occupancy for prospective tenants. The warehouse boasts an impressive 18-foot ceiling height, providing generous vertical storage capacity. The property is equipped with 200 amps of power, sufficient for most industrial operations. The property is designated as a multi-tenant space, making it suitable for businesses seeking to share the space or for a single tenant requiring the entire area. Its location in Patchogue, NY, zip code 11772, offers convenient access to major transportation routes and local amenities. This is a rare opportunity to secure a substantial warehouse space in a desirable location. The property's size and features make it an attractive option for a wide range of industrial businesses. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
1.94 ac (84,506 SF)
APN
0200-977.80-04.00-001.003
UPID
US63-0635006
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
Current use
Occupant on record · Public records
-
Boyle Environmental Services Inc Construction Company General Contractor
-
Verde Domani General Contractor
-
Horizon Tree & Landscape Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
Brookhaven Town Of · 3 yrs held
Brookhaven Town Of
since 2023
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 East Patchogue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Patchogue 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
$2,620,000
ML approach
$2,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±10% · vs last sale $2.90M (Jan 5 2022)
Last sale anchor
$2.90M
Jan 5 2022
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
—
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
Assessed value
$6,990
Assessed 2023
Previous assessed
$6,990
+0.0% YoY
Assessed land
$500
Assessed improvement
$6,490
Land market value
$926
Improvement market value
$12,019
Total market value
$12,945
Applied tax rate
472,204.0000
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
Heating
NONE
Lot
1.94 ac (84,506 SF)
APN
0200-977.80-04.00-001.003
UPID
US63-0635006
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Brookhaven Town Of
Individual
Mailing address
3966 LONG BCH RD, ISLAND PARK, NY 11558-1124
Ownership since
2023
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
Mar 7, 2023
—
Brookhaven Town Of
Michael B Enterprises LLC
Deed
—
Jan 5, 2022
$2,900,000
Oceanside Marine Terminal
Dc Boyle Associates INC
Deed
—
Dec 19, 2016
—
Dc Boyle Associates INC
Boyle,david
Quit Claim Deed
related
$850,000 · Bridgehampton Nat'l Bk
Nov 3, 2014
$475,000
David Boyle
Schermeyer,stephen
Grant Deed
$150,000 · Stephen Schermeyer
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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