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    960 Roanoke Ave Riverhead, NY 11901-2734
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    Property profile & analytics

    960 Roanoke Ave, Riverhead, NY 11901-2734

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    • Investment properties
    • 1,144 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Aug 16, 2023
    $650,000
    Property ID
    US63-0081348
    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
    $660,000
    Show details
    Cap Rate Potential
    3.1%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Hoeg Dental Group / Dental Office
    • Riverhead Dental Associates Pc / Dental Office
    • Hampton Bays Dentist / Dental Office
    • Dr. Thomas Hoeg / Dental Office

    Property Details for 960 Roanoke Ave

    Year built
    1958
    Lot size
    0.27 lot acres
    Zone code
    03 - MULTI-FAMILY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0600-107.00-02.00-005.000
    APU
    600107000200005000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 11, 2024 $550,000 960 Roanoke LLC Smileton 960 LLC Deed $550k · Jpmorgan Chase Bank NA
    Aug 16, 2023 $650,000 Smiletown 960 LLC Kevin Sheren Deed —
    Jan 21, 2010 $380,000 Kevin Sheren 960 Roanoke Ave LLC Grant Deed $300k · J P Morgan Chase Bank
    Jan 14, 2005 — 960 Roanoke Ave LLC Keller,donna Warranty Deed · related —
    Jan 13, 2005 — Donna Keller Keller,robert T Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000
      ML approach
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $416,000
      Market price range: $196k - $416k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $545,000
      AUTO REPAIR, GARAGE
      $420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6698
    Latitude
    40.9283
    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
    $16,000
    $33,600
    $49,600
    -
    $172,228
    $361,679
    $533,907

    Comparable in this City

    • Value Estimation
      $695,000
      3,900 SF

      27-29 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      27-29 Main St, Riverhead, NY 11901
      View Details
    • Value Estimation
      $600,000
      4,016 SF

      131 Roanoke Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      131 Roanoke Ave, Riverhead, NY 11901-2704
      View Details
    • Value Estimation by Request
      1,501 SF

      952 Roanoke Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      952 Roanoke Ave, Riverhead, NY 11901-2734
      View Details
    • Value Estimation by Request
      960 SF

      34 Sound Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      34 Sound Shr Rd, Riverhead, NY 11901
      View Details
    • Value Estimation by Request
      1,423 SF

      129 Griffing Ave, Unit 143

      OFFICE/RESIDENTIAL (MIXED USE)
      129 Griffing Ave, Riverhead, NY 11901-3008
      View Details
    • Value Estimation by Request
      2,404 SF

      29 Hallock St

      OFFICE/RESIDENTIAL (MIXED USE)
      29 Hallock St, Riverhead, NY 11901-2713
      View Details

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      Riverhead Mixed-Use Building For Sale

      Two-story, 1,200 SF building on .26 acre in Riverhead.
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    Similar Nearby for Lease

    • Contact for pricing

      East Main Street Intersection Location

      Mixed-use, office, and industrial spaces for rent.
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    • $2,700 /Mo

      Retail Space in Vinland Commons

      Retail space available in high-traffic Vinland Commons Center.
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      Retail Space in Riverhead Plaza

      Freestanding retail building available for sublease in Riverhead, NY.
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      View Details
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      5,227 SF

      Professional Office Space For Rent

      Office space with included utilities near Riverhead Courthouse.
      224 Griffing Ave, Riverhead, NY 11901
      View Details
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    Riverhead, NY 11901-2734
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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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