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    3264 Route 112 Medford, NY 11763

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    3264 Route 112 Medford, NY 11763

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    • Commercial real estate
    • 4.00 lot acres
    Off-Market
    Property ID
    US63-3844254
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3264 Route 112

    Lot size
    4.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4-acre commercial land parcel presents a remarkable development opportunity in Medford, NY. Strategically located on Route 112 at a four-way traffic light, this J2-zoned property boasts unparalleled visibility and accessibility. Situated directly across from the bustling Brookhaven Executive Center Office Park, the site benefits from the high traffic volume of approximately 25,000 vehicles daily. Its prime location offers easy access to major thoroughfares like the Long Island Expressway and Sunrise Highway, ensuring convenient commutes for employees and customers. Surrounded by established local and national retailers, this property is ideal for a diverse range of commercial developments, including retail spaces or professional office buildings. The substantial lot size and high traffic counts make this an exceptional investment opportunity with significant potential for growth and return. The property's zoning (J2) allows for a variety of commercial uses, making it a versatile and attractive option for developers seeking a high-impact location in a thriving market. The asking price is $3,400,000. Don't miss this chance to acquire a premier commercial property in a highly desirable area of Long Island.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Suffolk
    State
    New York
    Longitude
    -72.9970564
    Latitude
    40.8418838

    Comparable in this City

    • $2,250,000
      2.50 Acres

      Prime Medford Industrial Land

      2.5-Acre Industrial Lot, $2.25M
      0 Commercial Blvd And Middle Is Rd, Medford, NY 11763
      View Details
    • $999,999

      Commercial Land with New Building

      Commercial land featuring a newly constructed 10,000 SF building.
      2101 Route 112, Medford, NY 11763
      View Details
    • $3,495,000

      Corner Land Parcel on Rt. 112

      Highly visible corner location near Medford LIRR station.
      2306 Route 112, Medford, NY 11763
      View Details

    Similar Nearby for Sale

    • $2,250,000
      2.50 Acres

      Prime Medford Industrial Land

      2.5-Acre Industrial Lot, $2.25M
      0 Commercial Blvd And Middle Is Rd, Medford, NY 11763
      View Details
    • $999,999

      Commercial Land with New Building

      Commercial land featuring a newly constructed 10,000 SF building.
      2101 Route 112, Medford, NY 11763
      View Details
    • $150,000
      0.25 Acres

      Corner Lot in Medford, NY

      Flat, usable corner lot with convenient access to amenities.
      Railroad Ave, Medford, NY 11763
      View Details
    • $1,300,000
      3.14 Acres

      Medford Land on Corner Lot

      3.14 acres of uncleared land at Long Island Expressway.
      Bellport Ave, Medford, NY 11763
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land with Expressway Visibility

      Commercial land for rent with high traffic exposure.
      Horseblock Rd, Medford, NY 11763
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Medford, NY

      Retail space available for lease in Medford, NY.
      2799 Route 112, Medford, NY 11763
      View Details
    • $19 SF/Yr
      1,501 SF

      Professional Office Space Available

      Office spaces ranging from 880 to 9,970 square feet.
      3237 Route 112, Medford, NY 11763
      View Details
    • $17 SF/Yr
      9,970 SF

      Professional Office Space Available

      Office spaces ranging from 880 to 9,970 square feet.
      3249 Route 112, Medford, NY 11763
      View Details
    • Contact for pricing
      10,121 SF

      High-Traffic Shopping Center Space

      Grocery-anchored retail space with national retailers and easy highway access.
      700 E Patchogue Yaphank Rd, Medford, NY 11763
      View Details
    • $17 SF/Yr
      1,841 SF

      Professional Office Space Available

      Office spaces ranging from 880 to 9,970 square feet.
      3251 Route 112, Medford, NY 11763
      View Details
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    3264 Route 112
    Medford, NY 11763
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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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