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    538 Route 17 N Tuxedo Park, NY 10987

    Sponsored
    For Sale
    Pending
    $575,000

    COMMERCIAL - Tuxedo Park, NY

    Lot size:
    0.78 Acres
    Days on Market:
    99
    Last Refresh:
    Feb 17 at 12:06 pm

    Property Features for 538 Route 17 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Security features
    Security System
    Zoning
    commercial
    APN
    335089.009.000-0001-009.000/0000
    Parking features
    Carport, Off Street, Parking Lot
    Appliances
    Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
    Lot size
    0.78 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Oil
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1969
    Floors in Building
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Diana Larsen

    Town and Country Real Estate of the North Fork, LLC (631) 298-0600

    Listing agent Diana Larsen

    Listing date Nov 11, 2025

    MLS# H6325442

    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

    Tuxedo Park Commercial Retail Opportunity

    Located in historic Tuxedo, NY, this commercial, retail, and mixed-use property offers unlimited possibilities. Currently operating as Vera Johnson Antiques Center, the property is sited on 0.78 acres in a prime, exceptionally active section of Tuxedo, on Route 17, offering easy access, high traffic volume, and good visibility. Ample paved parking is available for 25+ cars, and the building and parking area can be expanded. The free-standing building is in good condition with 2165 square feet of usable space, featuring a large antique showroom with a lavatory. The second level includes a charming 1-bedroom, 1-bathroom apartment with 2 separate entrances, beautiful wood floors, a living room, kitchen, dining area, office space, and laundry. The property is presently mixed-use zoning but can be totally commercial and easily converted to meet specific needs. Heating is oil below ground. The property is being sold AS IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Garden Center (Bike/Boat/Book/etc) Store Wine and Liquor Store Pet Store Pet Store & Service Restaurant Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuxedo Park
    County
    Orange
    State
    New York
    Longitude
    -74.186695
    Latitude
    41.225765

    Nearby Similar for Sale

    • $1,995,000
      3.25 Acres

      Tuxedo Park Office/Residential Opportunity

      Unique mid-century modern space with approved office use and residential potential.
      60 Woods Rd, Tuxedo Park, NY 10987
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed-use property in historic Tuxedo, NY with retail and residential.
    Where is this retail space located?
    The property is located at 538 Route 17 N Tuxedo Park, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Prime location on Rt. 17 in Historic Tuxedo, NY with high traffic volume, good visibility, and easy access.; - Mixed-use property with potential for commercial or retail use, currently operating as a retail business.; - Ample paved parking for 25+ cars with potential for expansion.
    (845) 641-9389
    Request Owner's contact information
    538 Route 17 N Tuxedo Park, NY 10987
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    Tuxedo Park, NY 10987
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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
    538 Route 17 N Tuxedo Park, NY 10987
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    We can help!
    Listing Contact
    Diana Larsen
    (845) 641-9389 (845) 351-2010
    Learn more
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