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    Modern Offices in Millbrook, NY Title is generated by Realmo AI

    3700 Route 44, Millbrook, NY 12545

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    For Lease
    $750 /Mo

    Commercial Lease - Millbrook, NY

    Added:
    Jul 8, 2024
    Days on Market:
    675
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 3700 Route 44

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Oil
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Year renovated
    1988
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Schwadron

    Listing agent Joshua Schwadron

    Listing office CASABODE GROUP LLC 261 Madison Avenue Unit 919, NEW YORK, NY

    Listing date Jul 8, 2024

    MLS# 11320010 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flexible configuration: Rent 1 to 5 offices, customize layout.
    • All‑inclusive pricing: Rent includes central AC/heat and high‑speed internet.
    • Natural light: Three windowed offices offer natural light.
    • Privacy: Two interior offices provide enhanced privacy.
    • Furnishing options: Furniture can be included.
    • Expansion potential: Landlord can provide larger office configurations.

    Overview

    Located in the heart of Millbrook, this property offers one or more of five modern offices. The layout includes three windowed offices providing natural light and two interior offices for enhanced privacy. Configurations can be customized to include one office or multiple offices, each with a different price point. Options include four offices with a conference room or five individual offices, with the option of including furniture. The space features central AC and heat and high-speed internet, all included in the price. This office space caters to various business needs, offering a functional and inviting environment for professional endeavors. The landlord has the flexibility to provide even larger office configurations for companies requiring more space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Storage Facility Furniture & Home Goods Acupuncture Veterinary Clinic Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Millbrook
    County
    Dutchess
    State
    New York
    Longitude
    -73.658891
    Latitude
    41.792276

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    FAQs

    What type of property is this?
    Office units - Modern office spaces for lease in the heart of Millbrook.
    Where is this office units located?
    The property is located at 3700 Route 44 Millbrook, NY.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: Flexible configuration: Rent 1 to 5 offices, customize layout.; All‑inclusive pricing: Rent includes central AC/heat and high‑speed internet.; Natural light: **Three windowed offices offer natural light.**
    (917) 669-9654
    We can help!
    Listing Contact
    Joshua Schwadron
    Learn More
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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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