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    153 Shr Rd White Sulphur Springs, NY 12787

    Sponsored
    For Sale
    $349,900

    Warehouse - White Sulphur Spring, NY

    Type:Single Family Residence
    Property size:
    1,200 SF
    Lot size:
    27.18 Acres
    Days on Market:
    171
    Last Refresh:
    Feb 12 at 11:06 pm

    Property Features for 153 Shr Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    AC
    APN
    3689-039-0-0001-004-002
    Size
    1,200 SF
    Lot size
    27.18 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Carol Malek

    Malek Properties (845) 583-6333

    Listing agent Carol Malek (845) 583-6333 License #31MA1121533

    Listing date Aug 26, 2025

    MLS# 900801 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    White Sulphur Springs Workshop on Acres

    Located in White Sulphur Springs, New York, this property features a 1200 square foot workshop on over 27 acres. The workshop has been used for woodworking manufacturing for many years and is equipped with three-phase electric power. The property includes numerous tools used for woodworking and picture frame manufacturing, along with an inventory of hundreds of feet of wood molding. The heating system is an oil/kerosene forced warm air system. A shallow well and small septic system are in use. The property is divided on two sides of the road, potentially allowing for subdivision, subject to town approval. The approximately 7-acre portion where the building is located previously had a mobile home and could potentially be used as a homesite again. The other side of the road includes approximately 20 acres suitable for building a home or for recreational uses such as hunting and hiking. The property is near the hamlet business district of White Sulphur Springs, the Village of Liberty, and Route 17 access, as well as Bethel Woods Center for the Arts and area lakes, providing easy access to the Western Sullivan County Catskills.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    White Sulphur Springs
    County
    Sullivan
    State
    New York
    Longitude
    -74.8282
    Latitude
    41.7894

    Nearby Similar for Sale

    • $349,900

      Specialty Property for Sale

      Specialty property available for purchase.
      153 Shr Rd, White Sulphur Springs, NY 12787
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing workshop with equipment and land near White Sulphur Springs.
    Where is this manufacturing property located?
    The property is located at 153 Shr Rd White Sulphur Springs, NY.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - 27+ acre property with potential for subdivision (subject to town approval).; - 1200+\/- sq ft workshop with **three-phase electric** and woodworking tools/inventory included.; - Potential homesite on 7+\/- acres where a mobile home previously existed.
    (845) 798-2300
    Request Owner's contact information
    153 Shr Rd White Sulphur Springs, NY 12787
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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
    153 Shr Rd White Sulphur Springs, NY 12787
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    We can help!
    Listing Contact
    Carol Malek
    Real Estate License ID: NY 31MA1121533
    (845) 798-2300 (845) 583-6333
    Learn more
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