Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3702 Horseblock Rd Medford, NY 11763
    Back to Search
    Property profile & analytics

    3702 Horseblock Rd Medford, NY 11763

    View on Map
    • Commercial land
    • 1.00 lot acres
    For Sale
    $3,995,000
    View Listing →
    Medford Commercial Property For Sale For Sale
    $3,995,000
    13,400 SF

    Medford Commercial Property For Sale

    Commercial property available for sale in Medford, New York.

    3702 Horseblock Rd, Medford, NY 11763
    View Listing
    Property ID
    US63-4655533
    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

    • HAE AIR INC. / Corporate Office

    Property Details for 3702 Horseblock Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial land
    APN
    0200-775.00-04.00-008.000
    APU
    200775000400008000

    Description

    This exceptional 13,400-square-foot warehouse, situated on a one-acre lot in Medford, New York, presents a compelling investment opportunity. Located at 3702 Horseblock Road, 11763, within Suffolk County, this industrial property boasts a 27-foot ceiling height, ideal for various storage and operational needs. The warehouse features one loading dock and one dock-high door, ensuring efficient loading and unloading of goods. Additionally, there's one drive-in door for convenient access. The property includes 4,690 square feet of office space, providing ample room for administrative functions. The warehouse is equipped with 1200 amps of power. Construction is complete, and the property is divisible, offering flexibility for potential tenants or future expansion. Legal overnight parking for vehicles is permitted on the premises. Property taxes are to be determined. This prime location in Medford offers easy access to major transportation routes, making it an attractive option for businesses seeking a strategic distribution hub. The property is being offered for sale at $3,995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000
      ML approach
      $525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Suffolk
    State
    New York
    Longitude
    -72.9579
    Latitude
    40.8142
    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
    $750
    $0.00
    $750
    -
    $1,389
    $0.00
    $1,389

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      Glendale Ave

      VACANT COMMERCIAL LAND • 0.23 Acres
      Glendale Ave, Medford, NY 11763
      View Details
    • Value Estimation by Request
      23.40 Acres

      Horseblock Rd

      VACANT COMMERCIAL LAND • 23.40 Acres
      Horseblock Rd, Medford, NY 11763
      View Details
    • Value Estimation by Request
      7.83 Acres

      Horseblock Rd

      VACANT COMMERCIAL LAND • 7.83 Acres
      Horseblock Rd, Medford, NY 11763
      View Details
    • Value Estimation by Request
      0.22 Acres

      Robinson Ave

      VACANT COMMERCIAL LAND • 0.22 Acres
      Robinson Ave, Medford, NY 11763
      View Details
    • Value Estimation by Request
      0.18 Acres

      2306 Rte 112

      VACANT COMMERCIAL LAND • 0.18 Acres
      2306 Rte 112, Medford, NY 11763-3141
      View Details
    • Value Estimation by Request
      0.95 Acres

      2101 Rte 112

      VACANT COMMERCIAL LAND • 0.95 Acres
      2101 Rte 112, Medford, NY 11763-3643
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Holtsville Land For Sale

      4.8 acre commercial land with excellent development potential.
      Horseblock Rd, Holtsville, NY 11763
      View Details
    • $5,450,000

      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
    • $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
    • $1,300,000

      Undeveloped Land Near Expressway

      3.14 acres of unimproved land with development potential.
      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
    • $17 SF/Yr
      4,483 SF

      Professional Office Space Available

      Well-maintained office space in Brookhaven professional center.
      3243 Route 112, Medford, NY 11763
      View Details
    • $19 SF/Yr
      4,716 SF

      Professional Office Space Available

      Well-maintained office space in Brookhaven professional center.
      3235 Route 112, 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
    • $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
      9,596 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
    View Listing
    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.
    3702 Horseblock Rd
    Medford, NY 11763
    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

    Thank You for Inquiry
    3702 Horseblock Rd, Medford, NY, 11763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!