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

    9 Railroad Ave East Hampton, NY 11937

    • Auto shops
    • 0.39 lot acres
    For Lease
    View listing
    $18,750 /Mo
    Last Sale
    Jan 31, 2023
    $1,550,000
    Value Estimations
    $1,585,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2798025
    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

    • East Hampton Solar Power Systems / Solar Energy Contractor

    Property Details for 9 Railroad Ave

    Lot size
    0.39 lot acres
    Property type
    Auto shops
    APN
    0301-002.00-02.00-003.000
    APU
    301002000200003000

    Description

    This exceptional 3,000-square-foot property at 9 Railroad Ave, East Hampton Village, NY 11937, presents a rare opportunity. Originally an auto repair shop, this meticulously renovated space seamlessly blends industrial charm with modern elegance. High ceilings, expansive windows, and four garage roll-up doors create a versatile, open atmosphere ideal for a variety of uses, including retail, an art gallery, or executive offices. The layout is naturally divided into three sections, facilitating a smooth flow for customers or employees. Located in the heart of East Hampton Village's thriving business district, this property benefits from its proximity to numerous complementary businesses, including food shops, galleries, and banks. Ample parking is readily available, ensuring convenient access for visitors. Built in 1985, this single-tenant space offers a unique character and historical charm, making it perfect for a discerning business seeking a distinctive presence in this desirable location. The property features no elevators. The space is immediately available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,030,000
      ML approach
      $1,660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.1923
    Latitude
    40.9646
    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
    $2,650
    $4,100
    $6,750
    -
    $7,162
    $11,081
    $18,243

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      847 Spgs Fireplace Rd

      AUTO REPAIR, GARAGE • 0.18 Acres
      847 Spgs Fireplace Rd, East Hampton, NY 11937-1520
      View Details
    • Value Estimation by Request
      0.15 Acres

      195 Spgs Fireplace Rd

      AUTO REPAIR, GARAGE • 0.15 Acres
      195 Spgs Fireplace Rd, East Hampton, NY 11937-2016
      View Details
    • Value Estimation by Request
      0.70 Acres

      33 Ft Pond Blvd

      AUTO REPAIR, GARAGE • 0.70 Acres
      33 Ft Pond Blvd, East Hampton, NY 11937-4220
      View Details
    • Value Estimation by Request
      0.50 Acres

      11 Washington Ave

      AUTO REPAIR, GARAGE • 0.50 Acres
      11 Washington Ave, East Hampton, NY 11937-4303
      View Details
    • Value Estimation by Request
      0.09 Acres

      714 Spgs Fireplace Rd

      AUTO REPAIR, GARAGE • 0.09 Acres
      714 Spgs Fireplace Rd, East Hampton, NY 11937-1501
      View Details
    • Value Estimation by Request
      0.51 Acres

      191 Spgs Fireplace Rd

      AUTO REPAIR, GARAGE • 0.51 Acres
      191 Spgs Fireplace Rd, East Hampton, NY 11937
      View Details

    Similar Nearby for Sale

    • $14,250,000
      10,900 SF

      East Hampton Mixed-Use Compound

      Prime Location, High Returns, 13 Units
      105-107 Newtown Ln, East Hampton, NY 11937
      View Details
    • $3,475,000
      1,600 SF

      East Hampton Village Retail Investment

      Prime retail property in the heart of East Hampton Village.
      53 The Cir, East Hampton, NY 11937
      View Details
    • $6,175,000

      East Hampton Commercial Building For Sale

      Restaurant and ancillary buildings on 2.246 acres with gateway visibility.
      290 Montauk Hwy, East Hampton, NY 11937
      View Details
    • Contact for pricing
      3,700 SF

      East Hampton Restaurant/Bar Opportunity

      Prime Montauk Hwy location, 3,700 SF.
      290 Montauk Hwy, East Hampton, NY 11937
      View Details
    • $1,500,000
      1.24 Acres

      East Hampton Vacant Land

      1.24 acres of land near East Hampton Village.
      173 Accabonac Rd, East Hampton, NY 11937
      View Details
    • Contact for pricing
      1,427 SF

      Iconic Wainscott Warehouse

      Prime East Hampton industrial space.
      342 Montauk Hwy, East Hampton, NY 11937
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Hampton Commercial Space Available

      Commercial space available for rent in East Hampton, NY.
      107 Rutland Rd, East Hampton, NY 11937
      View Details
    • Contact for pricing
      5,366 SF

      Premier Waterfront Dining & Event Venue

      Restaurants • 5,366 SF
      313 Three Mile Harbor Rd, East Hampton, NY 11937
      View Details
    • $33,000

      East Hampton Retail Space Available

      Retail space for rent in East Hampton, New York.
      33 Ocean Ave, East Hampton, NY 11937
      View Details
    • Contact for pricing
      3,462 SF

      Prime Retail Showroom in East Hampton

      Retail space available for lease in East Hampton, NY.
      34 Park Pl, East Hampton, NY 11937
      View Details
    • $10,000 /Mo

      East Hampton Boutique Retail Opportunity

      Premier retail space in East Hampton's coveted shopping district.
      23 Newtown Ln, East Hampton, NY 11937
      View Details
    • $20,000 /Mo
      1,600 SF

      East Hampton Retail Storefront For Lease

      Retail storefront in the core shopping district of East Hampton.
      53 The Cir, East Hampton, NY 11937
      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.
    9 Railroad Ave
    East Hampton, NY 11937
    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.