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

    997 Old Country Rd Riverhead, NY 11901

    • Gas stations
    • 1,936 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2936783
    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

    • Gas stations

    Property Details for 997 Old Country Rd

    Year built
    1985
    Lot size
    0.94 lot acres
    Property size
    1,936 SF
    Zone code
    BC
    Property type
    Gas stations
    APN
    0600-108.00-04.00-011.011
    APU
    600108000400011011

    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
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6729
    Latitude
    40.9331
    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
    $55,300
    $29,200
    $84,500
    -
    $595,264
    $314,316
    $909,580

    Comparable in this City

    • Value Estimation by Request
      2,730 SF

      123 Marcy Ave

      GAS STATION • 2,730 SF
      123 Marcy Ave, Riverhead, NY 11901
      View Details
    • Value Estimation by Request
      5,814 SF

      229 Horton Ave

      GAS STATION • 5,814 SF
      229 Horton Ave, Riverhead, NY 11901-1309
      View Details
    • Value Estimation by Request
      896 SF

      1681 Main St

      GAS STATION • 896 SF
      1681 Main St, Riverhead, NY 11901-3119
      View Details
    • Value Estimation
      $540,000
      1,914 SF

      9 Lk Ave

      GAS STATION • 1,914 SF
      9 Lk Ave, Riverhead, NY 11901-3501
      View Details
    • Value Estimation
      $2,190,000
      1,183 SF

      626 Main St

      GAS STATION • 1,183 SF
      626 Main St, Riverhead, NY 11901-2809
      View Details
    • Value Estimation by Request
      4,150 SF

      888 Old Country Rd

      GAS STATION • 4,150 SF
      888 Old Country Rd, Riverhead, NY 11901-2107
      View Details

    Similar Nearby for Sale

    • $999,000

      Versatile Lot with Renovated Office

      0.23-acre lot with renovated office and proposed expansion plans.
      Undisclosed Address, Riverhead, NY 11901
      View Details
    • $3,500,000
      4.15 Acres

      Prime Land Between Tanger Outlets

      4.15 acres in an Opportunity Zone near Tanger Outlets.
      2009 Old Country Rd, Riverhead, NY 11901
      View Details
    • $1,100,000
      4,166 SF

      Flanders Commercial Building with Income

      High-visibility commercial building on a major Hamptons corridor.
      715 Flanders Rd, Flanders, NY 11901
      View Details
    • $1,050,000
      Pending

      Mixed-Use Retail/Residential Riverhead Opportunity

      Two-story, 4,843 SF mixed-use building with retail and residential potential.
      54 W Main St, Riverhead, NY 11901
      View Details
    • $898,000
      3,000 SF

      Riverhead Commercial Building Near Courts

      3,000 sq ft commercial building near courts in Riverhead, NY.
      145 Griffing Ave, Riverhead, NY 11901
      View Details
    • $1,500,000
      1.00 Acre

      Riverhead Restaurant Redevelopment Opportunity

      Prime 1-acre retail site, 4,000 sq ft.
      89 Peconic Ave, Riverhead, NY 11901
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Fenced Lot with New Office

      Riverhead lot with office, parking, and storage space.
      48 Old Quogue Rd, Riverhead, NY 11901
      View Details
    • Contact for pricing
      6,200 SF

      Retail Space in Riverhead Hub

      Retail space in Riverhead's central retail hub for lease.
      1088-1106 Old Country Rd, Riverhead, NY 11901
      View Details
    • $5,000 /Mo
      76,230 SF

      Riverhead Commercial Building For Lease

      2,960 SF commercial building in busy mixed-use complex.
      3225 Sound Ave, Riverhead, NY 11901
      View Details
    • $2,500 /Mo

      Downtown Riverhead Office/Storefront Space

      676 sq ft office/storefront in downtown Riverhead, NY.
      131 Roanoke Ave, Riverhead, NY 11901
      View Details
    • Contact for pricing
      2,970 SF

      Riverhead Plaza Retail Space

      2,970 SF retail space in Riverhead Plaza available for lease.
      655 Old Country Rd, Riverhead, NY 11901
      View Details
    • Contact for pricing
      46,733 SF

      Retail Space in Riverhead Plaza

      Retail space available in a community shopping center.
      700-800 Old Country Rd, Riverhead, NY 11901
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.7k
    • Avg Time on site
      39 min
    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.
    997 Old Country Rd
    Riverhead, NY 11901
    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.