Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    370 Lk Ave Saint James, NY 11780-2206

    • Turn key restaurants
    • 892 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1737597
    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

    • Mickey's Ice Cream Kitchen & Space / Ice Cream Shop

    Property Details for 370 Lk Ave

    Year built
    1902
    Lot size
    0.50 lot acres
    Property size
    892 SF
    Property type
    Turn key restaurants
    APN
    0800-056.00-04.00-039.000
    APU
    800056000400039000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $255,000
      Market price range: $256k - $1.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint James
    County
    Suffolk
    State
    New York
    Longitude
    -73.1574
    Latitude
    40.8796
    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
    $0.00
    $830
    $1,879
    $2,709
    -
    $954
    $2,160
    $3,114

    Comparable in this City

    • Value Estimation
      $345,000
      0.44 Acres

      416 Rte 25a

      RESTAURANT • 0.44 Acres
      416 Rte 25a, Saint James, NY 11780-1705
      View Details
    • Value Estimation
      $420,000
      12.60 Acres

      Mls Pond Rd

      RESTAURANT • 12.60 Acres
      Mls Pond Rd, Saint James, NY 11780
      View Details
    • Value Estimation
      $345,000
      0.50 Acres

      433 Rte 25a

      RESTAURANT • 0.50 Acres
      433 Rte 25a, Saint James, NY 11780-1704
      View Details
    • Value Estimation
      $335,000
      1.00 Acre

      404 Rte 25a

      RESTAURANT • 1.00 Acre
      404 Rte 25a, Saint James, NY 11780-1705
      View Details
    • Value Estimation
      $310,000
      3.00 Acres

      645 Middle Country Rd

      RESTAURANT • 3.00 Acres
      645 Middle Country Rd, Saint James, NY 11780-3229
      View Details
    • Value Estimation
      $335,000
      0.60 Acres

      420 Rte 25a

      RESTAURANT • 0.60 Acres
      420 Rte 25a, Saint James, NY 11780-1705
      View Details

    Similar Nearby for Sale

    • $750,000
      Pending

      Mixed-Use Investment in Saint James

      Mixed-use property with parking and endless potential in St. James.
      425 Lake Ave, Saint James, NY 11780
      View Details
    • $975,000
      4,023 SF

      Mixed-Use Building in Saint James

      Two-story building with commercial and residential units, ample parking.
      559-561 Lake Ave, Saint James, NY 11780
      View Details
    • $3,955,000
      14,582 SF

      Prime Saint James Warehouse/Flex Space

      High-Visibility Industrial Showroom, 14,582 SF
      791-795 Middle Country Rd, Saint James, NY 11780
      View Details
    • $4,900,000
      8.42 Acres

      Nissequogue Land with Water Frontage

      8.42 acres of land with Long Island Sound frontage.
      Boney Ln, Nissequogue, NY 11780
      View Details
    • $4,900,000

      Waterfront Land with Sound Views

      8.42 acres of land with Long Island Sound frontage.
      Boney Ln, Nissequogue, NY 11780
      View Details
    • Contact for pricing
      29,100 SF

      Industrial Property in Saint James

      Industrial property with office space and good parking.
      30 Jefferson Ave, Saint James, NY 11780
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      21,780 SF

      Saint James Drive-Thru Opportunity

      Drive-thru retail space in prime Saint James location.
      295 Lake Ave, Saint James, NY 11780
      View Details
    • $4,000 /Mo
      21,780 SF

      Saint James Commercial Drive-Thru Lease

      Prime corner location ideal for drive-thru convenience store/coffee shop.
      295 Lake Ave, Saint James, NY 11780
      View Details
    • $899,000

      Prime Corner Retail Space

      Retail space in prime location near St. James LIRR.
      217 Lake Ave, Saint James, NY 11780
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space in Saint James

      Retail space available for lease in Saint James, NY.
      246 Lake Ave, Saint James, NY 11780
      View Details
    • Contact for pricing
      3,200 SF

      Warehouse Space in Saint James

      152,000 SF warehouse space available for lease.
      1 Flowerfield, St James, NY 11780
      View Details
    • $1,400 /Mo
      740 SF

      First Floor Corner Office Space

      Corner office unit with excellent natural light and frontage.
      400 Lake Ave, Saint James, NY 11780
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    370 Lk Ave
    Saint James, NY 11780-2206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.