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    29 Grant St Walden, NY 12586

    Sponsored
    For Sale
    $3,600,000

    COMMERCIAL - Walden, NY

    Property size:
    36,000 SF
    Lot size:
    3.10 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 18 at 5:06 am

    Property Features for 29 Grant St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    I1
    APN
    334205-309-000-0014-004.000-0000
    Parking
    50
    Parking features
    Open
    Basement
    Storage Space, Partial, Full, Unfinished
    Appliances
    Electric Water Heater
    Size
    36,000 SF
    Lot size
    3.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1825
    Floors in Building
    3
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Jeffrey Lyons

    Curasi Realty (845) 457-9174

    Listing agent Jeffrey Lyons

    Listing date Feb 2, 2026

    MLS# 824848

    Copyright © 2026 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

    Property Insight Report

    Overview

    Industrial Mixed-Use Redevelopment Opportunity

    This industrial mixed-use property in Walden, NY, presents a prime investment opportunity with significant redevelopment potential. The 3.1-acre site features four separate structures totaling 36,000 square feet, a loading dock, and three drive-in doors. Zoned for industrial mixed-use, the property offers versatile possibilities for investors and visionaries. A 40,000-square-foot paved parking lot provides ample space for development. Potential uses include arts and theater venues, an axe-throwing facility, a brewery, a distillery, or a restaurant with rooftop dining. The location is suitable for a mixed-use apartment complex with commercial spaces. The main building, a 29,600-square-foot historical property, has three levels and a basement, featuring brick construction, concrete flooring on the first level, and original wood flooring on the second and third levels. A functioning freight elevator from the 1890s serves all levels. The space can be used entirely or divided into smaller flex spaces. The office building offers 3,200 square feet across two levels. The first level has 1,600 square feet with three large rooms, while the second level also provides 1,600 square feet with a two-bedroom apartment and one bath. The pattern building, constructed of brick, provides 2,100 square feet with two levels and a loft. The first level has concrete flooring. The steel building offers 1,080 square feet with concrete flooring and a clear span. The property is listed on the New York Historical Building Registry and has municipal water and sewer services. It also borders an active rail line (MetroNorth/NJ Transit).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Double Queue Fine ... Home Decor Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walden
    County
    Orange
    State
    New York
    Longitude
    -74.1843838
    Latitude
    41.5584701

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    FAQs

    What type of property is this?
    Mixed-use property - Historic 3.1-acre property with mixed-use potential in Walden, NY.
    Where is this mixed-use property located?
    The property is located at 29 Grant St Walden, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - 36,000sf Industrial Mixed-Use property on 3.1 acres with 4 separate structures, offering diverse redevelopment potential.; - Zoned for industrial mixed-use, allowing for a wide range of business and development opportunities (arts, theater, brewery, apartments, etc.).; - Features a **40,000sf paved parking lot**, loading dock, and 3 drive-in doors.
    (845) 234-3375
    Request Owner's contact information
    29 Grant St Walden, NY 12586
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    Walden, NY 12586
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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
    29 Grant St Walden, NY 12586
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    We can help!
    Listing Contact
    Jeffrey Lyons
    (845) 234-3375 (845) 457-9174
    Learn more
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