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

    882 Montauk Hwy Shirley, NY 11967-2126

    • Auto shops
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3845166
    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

    • Jiffy Lube / Auto Repair Shop

    Property Details for 882 Montauk Hwy

    Lot size
    0.31 lot acres
    Property type
    Auto shops
    APN
    0200-851.00-04.00-030.001
    APU
    200851000400030001

    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
    Shirley
    County
    Suffolk
    State
    New York
    Longitude
    -72.8644
    Latitude
    40.8014
    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
    $910
    $3,090
    $4,000
    -
    $1,685
    $5,722
    $7,407

    Comparable in this City

    • Value Estimation by Request
      0.69 Acres

      525 William Floyd Pkwy

      AUTO REPAIR, GARAGE • 0.69 Acres
      525 William Floyd Pkwy, Shirley, NY 11967-3457
      View Details
    • Value Estimation by Request
      0.30 Acres

      52 Mcgraw St

      AUTO REPAIR, GARAGE • 0.30 Acres
      52 Mcgraw St, Shirley, NY 11967-2017
      View Details
    • Value Estimation by Request
      0.68 Acres

      986 Montauk Hwy

      AUTO REPAIR, GARAGE • 0.68 Acres
      986 Montauk Hwy, Shirley, NY 11967-2118
      View Details
    • Value Estimation by Request
      0.55 Acres

      William Floyd Pkwy

      PARKING LOT • 0.55 Acres
      William Floyd Pkwy, Shirley, NY 11967
      View Details
    • Value Estimation by Request
      2,268 SF

      741 Montauk Hwy

      Automotive properties • 2,268 SF
      741 Montauk Hwy, Shirley, NY 11967
      View Details
    • Value Estimation by Request
      0.59 Acres

      741 Montauk Mcgraw St

      GAS STATION • 0.59 Acres
      741 Montauk Mcgraw St, Shirley, NY 11967
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Leased Gas Station Investment Opportunity

      Fully leased gas station with long-term tenant in Shirley, NY.
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    • $7,999,999
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      NNN Walgreens on Montauk Highway

      NNN Walgreens with 13 years remaining on initial lease.
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      Retail property available for sale in Shirley, New York.
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      Retail Strip Center For Sale

      2,800 SF retail strip center on William Floyd Pkwy.
      458 William Floyd Pkwy, Shirley, NY 11967
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    • $2,000,000
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      Shirley Retail Center - Prime Location

      High-Visibility Retail Building, Excellent Lease Potential
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      Turnkey Party Rental Business

      Established party rental business for sale in Shirley, NY.
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    Similar Nearby for Lease

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      18,020 SF

      301,778 SF Shopping Center

      301,778 SF shopping center on Montauk Highway.
      1019 Montauk Hwy, Shirley, NY 11967
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    • Contact for pricing
      301,778 SF

      South Port Shopping Center - Shirley, NY

      Prime Retail Space Available in Shirley
      999 Montauk Hwy, Shirley, NY 11967
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    • $1,875 /Mo
      30,056 SF

      Commercial Space in Shirley, NY

      1,600 sq ft space ideal for professional or retail uses.
      501 William Floyd Pkwy, Shirley, NY 11967
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    • $14,000 /Mo
      1,600 SF

      Turn-Key Restaurant with Patio

      Newly built, furnished restaurant with large patio and parking.
      153 William Floyd Pkwy, Shirley, NY 11967
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    • Contact for pricing
      1,965 SF

      Retail Space in Shirley Center

      Grocery-anchored shopping center at a high-traffic intersection in Shirley.
      800 Montauk Hwy, Shirley, NY 11967
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    • $20 SF/Yr
      12,065 SF

      Retail Space in Thriving Community

      Spacious retail space in a well-maintained shopping center.
      437 William Floyd Pkwy, Shirley, NY 11967
      View Details
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    882 Montauk Hwy
    Shirley, NY 11967-2126
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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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