Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    98 Clinton St Montgomery, NY 12549-1008

    • Investment properties
    • 7,446 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1681576
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 98 Clinton St

    Year built
    1938
    Lot size
    0.06 lot acres
    Property size
    7,446 SF
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    334203 202-2-14
    APU
    334203202214

    Description

    This exceptional 1,400 square foot retail space, located at 98 Clinton Street in Montgomery, New York's historic village, presents a unique investment opportunity. Situated in a high-traffic, anchor corner location, this property boasts large windows facing both Union and Clinton Streets, ensuring maximum visibility for your business. The building, constructed in 1938, is a two-story structure with a total of 7,446 square feet, offering ample space for a variety of uses. Recent upgrades include new ductless heating and air conditioning units. The property is zoned to accommodate a wide range of businesses, including retail, office, restaurant, deli, liquor/wine store, medical practices (physical therapy, chiropractic, primary care), creative workspaces, art galleries, and more. A nearby parking lot provides convenient access for customers. This space has been exceptionally well-maintained and hasn't been on the market for over 35 years, presenting a rare chance to establish your business in a thriving community. Long-term lease incentives are available for qualified tenants. The property is located in Orange County, New York, with easy access to major transportation routes. This is an ideal location to showcase your business and benefit from the high daily traffic and exposure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.2375
    Latitude
    41.5272
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $25,800
    $189,000
    $214,800
    -
    $61,425
    $449,975
    $511,400

    Comparable in this City

    • Value Estimation
      $380,000
      2,704 SF

      64 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,704 SF
      64 Un St, Montgomery, NY 12549-1021
      View Details
    • Value Estimation
      $525,000
      2,068 SF

      628 State Rte 17k

      OFFICE/RESIDENTIAL (MIXED USE) • 2,068 SF
      628 State Rte 17k, Montgomery, NY 12549-2726
      View Details
    • Value Estimation
      $335,000
      2,155 SF

      2298-2300 State Rte 208

      OFFICE/RESIDENTIAL (MIXED USE) • 2,155 SF
      2298-2300 State Rte 208, Montgomery, NY 12549
      View Details
    • Value Estimation
      $405,000
      1,524 SF

      9-11 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,524 SF
      9-11 Un St, Montgomery, NY 12549
      View Details
    • Value Estimation
      $290,000
      7,724 SF

      105 Ward St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,724 SF
      105 Ward St, Montgomery, NY 12549-1149
      View Details
    • Value Estimation
      $255,000
      3,596 SF

      232 Ward St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,596 SF
      232 Ward St, Montgomery, NY 12549-1270
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4.40 Acres

      Montgomery Mixed-Use Investment

      10,800 SF, 4.4 Acres, High Income Potential
      86 State Route 17 K, Montgomery, NY 12549
      View Details
    • $450,000
      13.60 Acres

      930 Ny-17K

      Mixed-use properties • 13.60 Acres
      930 Ny-17K, Montgomery, NY 12549
      View Details
    • $999,999
      3,228 SF

      Montgomery Mixed-Use Investment Opportunity

      Two buildings in Montgomery's Historic District with commercial and residential potential.
      135 Union St, Montgomery, NY 12549
      View Details
    • $465,000

      Mixed-Use Investment in Montgomery Village

      Charming 3-unit mixed-use property in the heart of Montgomery.
      102 Ward St, Montgomery, NY 12549
      View Details
    • $1,300,000

      Leased Restaurant & Income Apartments

      Mixed-use property featuring a restaurant and four apartments.
      631 State Route 17 K, Montgomery, NY 12549
      View Details
    • $599,999
      1,485 SF

      Montgomery Industrial Property - Huge Potential

      Prime location, versatile industrial building, expansion opportunity.
      120 Bracken Rd, Montgomery, NY 12549
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      8,313 SF

      High-Traffic Retail Space Available

      Retail space in the heart of Montgomery, high traffic area.
      3 Wallkill Ave, Montgomery, NY 12549
      View Details
    • $10 SF/Yr

      Warehouse Space with Loading Docks

      19,614 SF warehouse with loading docks and ample parking.
      181 Boyd St, Montgomery, NY 12549
      View Details
    • Contact for pricing
      89,900 SF

      Industrial Facility with 26 Docks

      89,960 SF industrial facility built in 2019 with 26 docks.
      105 Bracken Rd, Montgomery, NY 12549
      View Details
    • $2,700 /Mo

      Spacious Duplex Apartment For Rent

      Three-bedroom duplex with updated kitchen, walk-out basement, and large backyard.
      333 Collabar Rd, Montgomery, NY 12549
      View Details
    • $600 /Mo

      Commercial Sublease with Included Utilities

      Single-room commercial sublease with utilities included, ideal for professionals.
      1128 Unit, Montgomery, NY 12549
      View Details
    • $2,200 /Mo
      10,799 SF

      Versatile Commercial Unit on 17K

      Adaptable commercial unit with high visibility on State Route 17K.
      1 Un School Rd Unit, Montgomery, NY 12549
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    98 Clinton St
    Montgomery, NY 12549-1008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.