Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Monticello Retail/Warehouse Opportunity Title is generated by Realmo AI

    184 E Broadway, Monticello, NY 12701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,900

    Spacious retail/warehouse property with high visibility and highway access.

    Type:Retail
    Property size:
    9,444 SF
    Price / SF:
    $95/SF
    Added:
    Jul 31, 2024
    Days on Market:
    655
    Last Refresh:
    Apr 1 at 8:32 pm

    Property Features for 184 E Broadway

    General Information

    Standard status
    Active
    Size
    9,444 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Malek Properties

    Listing agent Malek Properties

    Listing office

    Listing date Jul 31, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Malek Properties

    HighLights

    • High‑visibility location with easy highway access and visibility from NYS Route 17 (Interstate‑86).
    • Two connected buildings with three‑phase electric, offering flexibility and potential for various uses.
    • Ample parking space in a busy area.
    • Significant storage space, including a large cold storage area and loft space.
    • High ceilings (18‑20+ feet) suitable for diverse business operations.
    • Versatile property with a history of successful businesses.

    Overview

    This property offers substantial space and ample parking in a high-traffic area of Monticello. Currently used as a furniture retail store and warehouse, the property has previously served as an auction house, used car sales lot, and tire business. The offering includes two connected buildings with three-phase electric. One building, constructed in 1980, is a Morton building with a pitched roof, while the other, built in 1972, is a block building featuring a flat roof that was replaced in 2012. A loft space accessible by stairs adds extra square footage on a second story. An additional unit, connected to the larger building, has a separate entrance and a second story. A large cold storage area at the back provides further storage capacity. Ceiling heights reach 18+/- feet in one section and exceed 20 feet in another. The property's location offers high visibility near numerous businesses and convenient highway access, with visibility from NYS Route 17 (Interstate-86). The total property size is 9444 square feet, presenting various potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.683163
    Latitude
    41.654858

    Nearby Similar for Sale

    • $850,000
      3,700 SF

      Versatile Commercial Building in Monticello

      Block structure with bay doors on 1.13-acre lot.
      3520 State Route 42, Monticello, NY 12701
      View Details
    • $630,000
      4,195 SF

      Monticello Multi-Family Commercial Property

      Multi-family and commercial property on over 6 acres.
      135-149 Wildcat Road, Monticello, NY 12701
      View Details
    • $369,000

      Commercial Building on Broadway, Monticello

      Commercial building on Broadway, suitable for various uses.
      365 E Broadway, Monticello, NY 12701
      View Details
    • $395,000

      Mixed-Use Development Opportunity in Monticello

      Two parcels in Monticello's B2 district, ideal for redevelopment.
      Pleasant Street, Monticello, NY 12701
      View Details
    • $599,900

      Monticello Two-Unit Queen Anne

      Two-unit Queen Anne with income potential in Monticello, NY.
      97 Liberty Street, Monticello, NY 12701
      View Details
    • $2,100,000
      3,000 SF

      Monticello Commercial Building and Restaurant

      Prime commercial building with established restaurant near Route 17/17B.
      28 Raceway Road, Monticello, NY 12701
      View Details
    • $150,000

      Established Liquor Store in Monticello

      Turn-key liquor store with existing clientele in Monticello, NY.
      458 Broadway, Monticello, NY 12701
      View Details
    • $449,000

      Monticello Multifamily Investment Opportunity

      Legal 2-family home in the heart of Monticello, NY.
      162 Park Avenue, Monticello, NY 12701
      View Details
    • $850,000
      3,700 SF

      Versatile Block Structure on Large Lot

      Adaptable building on 1.25 acres, suitable for diverse uses.
      3520 State Route 42, Monticello, NY 12701
      View Details
    • $899,900
      9,444 SF

      Monticello Retail/Warehouse Opportunity

      Spacious retail/warehouse property with high visibility and ample parking.
      184-186 E Broadway, Monticello, NY 12701
      View Details
    • $498,000
      4,723 SF

      Monticello Brick Office Building

      Well-built brick office building in Monticello, walking distance to amenities.
      242 E Broadway, Monticello, NY 12701
      View Details
    • $599,000
      4,000 SF

      Prime Location Monticello Building

      Over 4000 sq ft commercial building for sale.
      506 Broadway, Monticello, NY 12701
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious retail/warehouse property with high visibility and highway access.
    Where is this retail space located?
    The property is located at 184 E Broadway Monticello, NY.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: High‑visibility location with easy highway access and visibility from NYS Route 17 (Interstate‑86).; Two connected buildings with three‑phase electric, offering flexibility and potential for various uses.; Ample parking space in a busy area.
    (845) 583-6333
    We can help!
    Listing Contact
    Malek Properties
    Learn More
    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.
    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

    Thank You for Inquiry
    184 E Broadway, Monticello, NY 12701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!