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    511 Route 304 New City, NY 10956

    Sponsored
    For Sale
    $295,000

    SINGLE_FAMILY - New City, NY

    Type:Office
    Property size:
    960 SF
    Lot size:
    0.17 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 12 at 3:06 am

    Property Features for 511 Route 304

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    PO
    Rooms
    Basement
    APN
    392089-051-014-0001-025-000-0000
    Parking
    5
    Parking features
    Off Street, Driveway, Parking Lot
    Basement
    Unfinished, Storage Space, Partial, Partially Finished
    Size
    960 SF
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1932
    Building materials
    Frame

    We can help!

    Listing Contact
    Ryan Paige
    Ryan Paige

    William Raveis Baer & McIntosh Real Estate (845) 358-9440

    Listing agent Ryan Paige

    Listing date Feb 2, 2026

    MLS# 916376

    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

    Route 304 Professional Office Opportunity

    Located along Route 304 in New City, this property offers visibility and convenience. Currently used as a builder's office, storage facility, and staging yard, it provides a flexible foundation for professional and commercial uses. The existing structure features approximately 960 square feet on the upper level with vaulted ceilings. A partial framed basement is available for additional offices, meeting rooms, or workspaces. Ample rear parking accommodates employees, clients, or fleet vehicles. The lot is roughly 173 feet deep and 47 feet wide, with rear access and room for expansion. Zoned PO (Professional Office) under the Town of Clarkstown, the property is suited for medical, legal, architectural, engineering, and other professional office uses, as well as select businesses permitted within the district. The structure can connect to natural gas, municipal sewer and city water. Positioned across from CVS and near supermarkets, office complexes, and the cafes and restaurants of New City's Main Street, the location offers exposure along a main artery while remaining accessible. Downtown New City's courts, government offices, banks, and retail amenities are just minutes away, and commuters have access to New York City in approximately 40 minutes. The property is a strategic opportunity for a professional headquarters, a redevelopment project, or a reimagined build, subject to approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -73.99208
    Latitude
    41.12981

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    FAQs

    What type of property is this?
    Office building - Versatile property suitable for professional or commercial use.
    Where is this office building located?
    The property is located at 511 Route 304 New City, NY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Prime location on Route 304 in New City, offering high visibility and convenient access to Main Street and supermarkets.; - Flexible PO (Professional Office) zoning allows for a wide range of professional and commercial uses.; - Ample rear parking and lot with rear access.
    (845) 825-4778
    Request Owner's contact information
    511 Route 304 New City, NY 10956
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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
    511 Route 304 New City, NY 10956
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    We can help!
    Listing Contact
    Ryan Paige
    Ryan Paige
    Real Estate License ID: 10401301918
    (845) 825-4778
    Learn more
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