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Property profile & analytics
FOR LEASE
Super regional malls
999 Montauk Hwy Shirley, NY 11967
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-2990929
For Lease
1 / 22
Contact for pricing
999 Montauk Hwy, Shirley, NY 11967
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Property summary
AI-generated overview
South Port Shopping Center, located at 999 Montauk Hwy in Shirley, NY (zip code 11967), offers exceptional retail opportunities in Suffolk County. This established shopping center boasts a total of 301,778 square feet and currently features two suites. A significant amount of space, totaling 33,020 square feet, is currently vacant and available for lease. Ideal for businesses seeking high visibility and ample space, the property offers flexible lease options. Units range from a minimum of 15,000 square feet to a maximum contiguous space of 18,020 square feet, providing versatility for various retail concepts. The center's strategic location on Montauk Highway ensures high traffic volume and excellent exposure to a substantial customer base. This presents a unique chance to establish or expand a retail presence in a thriving Suffolk County market. The property is classified as a multi-tenant retail shopping center. Interested parties are encouraged to inquire about lease terms and availability. The property's geographic coordinates are 40.8053827 latitude and -72.8595789 longitude.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Lot
28.82 ac (1,255,399 SF)
APN
0200-851.00-03.00-050.002
UPID
US63-2990929
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
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South Port Shopping Center Shopping Center & Mall
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Savarona's Pizzeria Restaurant
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GLS Spirts Association Or Organization Restaurant
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Stop & Shop Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Southport 2013 LLC · 12 yrs held
Southport 2013 LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shirley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shirley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$272,000
Assessed 2023
Previous assessed
$272,000
+0.0% YoY
Assessed land
$14,430
Assessed improvement
$257,570
Land market value
$26,722
Improvement market value
$476,981
Total market value
$503,703
Applied tax rate
472,232.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Heating
NONE
Lot
28.82 ac (1,255,399 SF)
APN
0200-851.00-03.00-050.002
UPID
US63-2990929
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
28.82 ac
Current owner
From public records · entity-resolved
Southport 2013 LLC
Entity
Mailing address
234 CLOSTER DOCK RD, CLOSTER, NJ 07624-2634
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2019
—
Southport 2013 LLC
—
Loan Modification, Consolidation And Extension
related
$54,000,000 · Miscellaneous Ins Co
Jun 25, 2014
$38,402,322
Southport 2013 LLC
Sl Southport LLC
Grant Deed
related
$26,545,029 · Bankunited Fsb
Feb 14, 2014
—
Sl Southport LLC
Shirley Drive-in Associates LP
Grant Deed
related
—
—
—
Southport 2013 LLC
—
Deed Of Trust
related
$1,750,000 · Bankunited Fsb
—
—
Southport 2013 LLC
—
Deed Of Trust
related
$1,500,000 · Bank United
—
—
Shirley Drive-in Associates LP
—
Deed Of Trust
related
$1,488,514 · Allstate T F I
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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