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

    43 Canoe Pl Rd Hampton Bays, NY 11946-1702

    • Turn key restaurants
    • 1,306 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2341450
    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

    • Rumba / Bar / Restaurant
    • David's Chimney & Dryer Vent Cleaning / Cleaners
    • Shinnecock Bay Club Condominium / Condominium Complex

    Property Details for 43 Canoe Pl Rd

    Year built
    1993
    Lot size
    0.30 lot acres
    Property size
    1,306 SF
    Zone code
    RWB
    Property type
    Turn key restaurants
    APN
    0900-266.00-04.00-009.000
    APU
    900266000400009000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $359,000
      Market price range: $159k - $390k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton Bays
    County
    Suffolk
    State
    New York
    Longitude
    -72.5016
    Latitude
    40.8779
    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
    $12,927
    $461,900
    $362,800
    $824,700
    -
    $664,604
    $522,014
    $1,186,618

    Comparable in this City

    • Value Estimation
      $375,000
      5,534 SF

      336 Montauk Hwy

      RESTAURANT • 5,534 SF
      336 Montauk Hwy, Hampton Bays, NY 11946-3525
      View Details
    • Value Estimation
      $445,000
      2,451 SF

      295 Montauk Hwy

      RESTAURANT • 2,451 SF
      295 Montauk Hwy, Hampton Bays, NY 11946-1607
      View Details
    • Value Estimation
      $350,000
      1,881 SF

      26 Montauk Hwy

      RESTAURANT • 1,881 SF
      26 Montauk Hwy, Hampton Bays, NY 11946-4002
      View Details
    • Value Estimation
      $395,000
      2,616 SF

      139 Montauk Hwy

      RESTAURANT • 2,616 SF
      139 Montauk Hwy, Hampton Bays, NY 11946-2309
      View Details
    • Value Estimation
      $380,000
      0.63 Acres

      131 Montauk Hwy

      RESTAURANT • 0.63 Acres
      131 Montauk Hwy, Hampton Bays, NY 11946-4209
      View Details
    • Value Estimation
      $435,000
      3,697 SF

      258 Montauk Hwy

      RESTAURANT • 3,697 SF
      258 Montauk Hwy, Hampton Bays, NY 11946-4118
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Restaurant Property For Sale

      Restaurant property for sale, also offered for lease.
      322 W Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • New
      $6,250,000
      0.89 Acres

      Bayfront Restaurant & Boutique Inn

      Unique waterfront hospitality property with restaurant, inn, and event space.
      32 Lighthouse Rd, Hampton Bays, NY 11946
      View Details
    • New
      $6,495,000
      8,160 SF

      Restaurant/Bar with Ocean & Bay Views

      Extensive restaurant and bar with unmatched ocean and bay views.
      363 Beach Rd, Hampton Bays, NY 11946
      View Details
    • $7,450,000
      8,160 SF

      Hampton Bays Waterfront Bar & Restaurant

      Iconic Bayfront Restaurant, Turnkey Opportunity
      363 Beach Rd, Hampton Bays, NY 11946
      View Details
    • $575,000

      Bayfront 2 Bedroom Co-op

      Hampton Bays co-op with direct bay access and sunsets.
      46 Rampasture Rd, Hampton Bays, NY 11946
      View Details
    • $725,000
      0.75 Acres

      Expansive Lot in Hampton Bays

      0.75-acre lot, ideal for custom Hamptons home with pool.
      115 Bay Ave E, Hampton Bays, NY 11946
      View Details

    Similar Nearby for Lease

    • New
      $18,750 /Mo
      8,160 SF

      Waterfront Restaurant & Bar For Rent

      Turn-key waterfront restaurant and bar with stunning views in Hampton Bays.
      363 Beach Rd, Hampton Bays, NY 11946
      View Details
    • Contact for pricing
      2,700 SF

      Hampton Bays Retail Opportunity

      Retail space in the heart of downtown Hampton Bays.
      24-42 E Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • Contact for pricing
      2,872 SF

      Hampton Bays Medical Office Space

      Prime Medical Office: 2,872 sq ft Available
      42 Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • Contact for pricing
      7,000 SF

      Montauk Highway Retail Center

      Prime Suffolk County Retail Space Available
      93-93B Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • Contact for pricing
      9,665 SF

      Retail Space in Hampton Bays

      Retail property in downtown Hampton Bays with ample parking.
      50 E Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Montauk Highway

      Neighborhood shopping center with excellent visibility and ample parking.
      250-258 W Montauk Hwy, Hampton Bays, NY 11946
      View Details
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    43 Canoe Pl Rd
    Hampton Bays, NY 11946-1702
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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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