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

    494 Medford Ave Patchogue, NY 11772-1843

    • Gas stations
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0366482
    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

    • Shell / Gas Station
    • JOHN'S AUTO REPAIR / Auto Repair Shop

    Property Details for 494 Medford Ave

    Lot size
    0.51 lot acres
    Property type
    Gas stations
    APN
    0200-954.00-01.00-003.000
    APU
    200954000100003000

    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
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -73.0093
    Latitude
    40.7852
    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
    $1,400
    $5,250
    $6,650
    -
    $2,593
    $9,722
    $12,315

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      700 Country Rd

      GAS STATION • 0.41 Acres
      700 Country Rd, East Patchogue, NY 11772-5557
      View Details
    • Value Estimation by Request
      0.22 Acres

      207 Main St

      GAS STATION • 0.22 Acres
      207 Main St, Patchogue, NY 11772-3103
      View Details
    • Value Estimation by Request
      0.15 Acres

      270 Main St

      GAS STATION • 0.15 Acres
      270 Main St, Patchogue, NY 11772-3004
      View Details
    • Value Estimation by Request
      0.53 Acres

      401 Medford Ave

      GAS STATION • 0.53 Acres
      401 Medford Ave, Patchogue, NY 11772-1849
      View Details
    • Value Estimation by Request
      0.39 Acres

      1164 Montauk Hwy

      SERVICE STATION WITH FOOD MART • 0.39 Acres
      1164 Montauk Hwy, East Patchogue, NY 11772-5422
      View Details
    • Value Estimation by Request
      0.24 Acres

      197 Service Rd

      GAS STATION • 0.24 Acres
      197 Service Rd, Patchogue, NY 11772-1846
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Auto Shop in Thriving Patchogue

      Auto repair shop with six bays near Patchogue Train Station.
      72 Terry St, Patchogue, NY 11772
      View Details
    • $630,000

      Exceptional Business Opportunity

      Business property for sale in Patchogue, NY.
      290 E Main Sts, Patchogue, NY 11772
      View Details
    • $1,099,000
      10,000 SF

      High-Visibility Retail/Medical Space Available

      Retail or medical space with high traffic exposure in Patchogue.
      210 Medford Ave, Patchogue, NY 11772
      View Details
    • Contact for pricing
      5,000 SF

      Patchogue Waterfront Restaurant

      Iconic waterfront restaurant, prime location.
      116 Division St, Patchogue, NY 11772
      View Details
    • $2,850,000
      7,000 SF

      Retail Property on Shaber Road

      Retail property available for sale in Patchogue, New York.
      567 Shaber Rd, Patchogue, NY 11772
      View Details
    • $700,000
      525 SF

      Patchogue Retail Redevelopment Opportunity

      Prime location, vacant 525 sq ft building.
      227 Medford Ave, Patchogue, NY 11772
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,093 SF

      Patchogue Medical Office Space For Lease

      Prime Medical Office Suites Available in Patchogue, NY
      350 Main St, Patchogue, NY 11772
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space on Route 112

      Retail space with high traffic and residential backup.
      388 Medford Ave, Patchogue, NY 11772
      View Details
    • $31 SF/Yr
      5,042 SF

      Restaurant Space on Main Street

      Corner restaurant space available for rent on Main Street.
      1 Village Grn, Patchogue, NY 11772
      View Details
    • $3,000 /Mo
      702 SF

      Downtown Patchogue Mixed-Use Space

      702 sq ft commercial space in vibrant downtown Patchogue.
      69 N Ocean Ave, Patchogue, NY 11772
      View Details
    • $2,100 /Mo
      800 SF

      Prime Retail/Office Space Available

      800 sqft storefront/office space with high visibility and parking.
      218 Medford Ave, Patchogue, NY 11772
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space on Sunrise Highway

      Retail space available on a major regional trade area.
      351 N Service Rd, Patchogue, NY 11772
      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.
    494 Medford Ave
    Patchogue, NY 11772-1843
    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.