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

    27 Bowden Sq Southampton, NY 11968-3301

    • Office buildings
    • 744 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1818819
    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

    • Feldman Barry / Law Firm

    Property Details for 27 Bowden Sq

    Year built
    1993
    Lot size
    0.26 lot acres
    Property size
    744 SF
    Zone code
    VILLA
    Property type
    Office buildings
    APN
    0904-005.00-03.00-033.003
    APU
    904005000300033003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.3928
    Latitude
    40.8913
    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
    $2,092
    $598,700
    $139,000
    $737,700
    -
    $907,121
    $210,606
    $1,117,727

    Comparable in this City

    • Value Estimation
      $840,000
      3,757 SF

      596 Hampton Rd

      PROFESSIONAL BUILDING • 3,757 SF
      596 Hampton Rd, Southampton, NY 11968-3094
      View Details
    • Value Estimation by Request
      2,200 SF

      830 County Rd 39

      OFFICE BUILDING • 2,200 SF
      830 County Rd 39, Southampton, NY 11968-5226
      View Details
    • Value Estimation by Request
      1,200 SF

      349 Meeting House Ln

      OFFICE BUILDING • 1,200 SF
      349 Meeting House Ln, Southampton, NY 11968-5051
      View Details
    • Value Estimation by Request
      1,768 SF

      349 Meeting House Ln

      OFFICE BUILDING • 1,768 SF
      349 Meeting House Ln, Southampton, NY 11968-5051
      View Details
    • Value Estimation by Request
      1,712 SF

      339 Meeting House Ln

      OFFICE BUILDING • 1,712 SF
      339 Meeting House Ln, Southampton, NY 11968-5139
      View Details
    • Value Estimation by Request
      2,824 SF

      315 Meeting House Ln

      OFFICE BUILDING • 2,824 SF
      315 Meeting House Ln, Southampton, NY 11968-5051
      View Details

    Similar Nearby for Sale

    • $6,500,000
      5,200 SF

      Southampton Commercial Building with Elevator

      Newly built commercial building in the heart of Southampton Village.
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    • $3,200,000
      4,020 SF

      Southampton Village Office Building For Sale

      Located in the heart of Southampton Village Business District.
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    • $1,289,000
      Pending

      Hampton Road Office Building

      Two-story office building with basement and ample parking.
      235 Hampton Rd, Southampton, NY 11968
      View Details
    • $2,750,000
      6,000 SF

      Southampton Commercial Building with Highway Exposure

      6,000 SF professional office building in Southampton, NY for sale.
      2036 County Road 39, Southampton, NY 11968
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    • $725,000
      952 SF

      Southampton Medical Condo For Sale

      Medical condo in Olde Town Medical Complex near Stonybrook Hospital.
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    • $2,450,000
      2,640 SF

      Southampton Commercial Building with Parking

      Freestanding commercial building in Southampton Village core with private parking.
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,100 SF

      Southampton Office Suites For Lease

      Premium, private office suites available in Southampton, NY.
      3 Windmill Ln, Southampton, NY 11968
      View Details
    • $2,865 /Mo
      560 SF

      Southampton Village Office Suite

      Well-maintained office suite in the heart of Southampton Village.
      59 Maple St, Southampton, NY 11968
      View Details
    • $1.00 SF/Yr

      Southampton Medical Co-Working Space

      Co-working spaces for medical and aesthetic professionals in Southampton Village.
      15 Hill St, Southampton, NY 11968
      View Details
    • $8,000 /Mo
      1,110 SF

      Southampton Village Second-Floor Office Space

      Rare 1,110sf office space in Southampton Village.
      15 Windmill Ln, Southampton, NY 11968
      View Details
    • Contact for pricing

      Southampton Office Space For Lease

      Office space available for lease in Southampton, New York.
      325 Meeting House Ln, Southampton, NY 11968
      View Details
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    27 Bowden Sq
    Southampton, NY 11968-3301
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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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