Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    47 Police Dr Goshen, NY 10924

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,312,000

    12.6-Acre Site, Prime Location, Zoning Change Required

    Property size:
    3,204 SF

    Property Features for 47 Police Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,204 SF
    Lot Size
    548,856 SF

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    John N Biasi
    John N Biasi

    Listing Agency: HOWARD HANNA RAND REALTY Listing Agent: John N Biasi

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 12.6-acre property in Goshen, NY, presents a unique opportunity for warehouse development. Currently comprised of four parcels (41, 43, 45, and 47 Police Drive), this assemblage offers significant potential. The site includes four existing structures: three single-family homes located at 41, 43, and 45 Police Drive, and a grand home with an additional two-family dwelling and a pond at 47 Police Drive. The property at 47 Police Drive is currently generating rental income. The combined acreage provides ample space for a substantial warehouse project. The individual lot sizes are: 1.3 acres (Lot 6), 3 acres (Lot 7), 3.1 acres (Lot 8), and 5.2 acres (Lot 9), all located within Section 13, Block 1. This prime location boasts excellent access to major transportation arteries, situated a half-mile from Route 17 and two miles from Interstate 84, ensuring convenient logistics. The property is centrally located in Orange County, NY. Development will require a zoning change. The existing structures at 47 Police Drive include a two-car detached garage. This is a rare opportunity to acquire a large, strategically located parcel ideal for a significant warehouse development. The property is offered at $3,312,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Orange County
    State
    New York
    Longitude
    -74.35278
    Latitude
    41.39413

    Nearby Similar for Sale

    • $2,500,000
      9,136 SF

      High-Visibility Retail Investment Opportunity

      Two-building retail complex with stable income and value-add potential.
      151 Greenwich Ave, Goshen, NY 10924
      View Details
    • $795,000
      4,725 SF

      Historic Goshen Building: Restaurant Ready

      Historic building in Goshen, NY, currently operating as a restaurant.
      62 W Main St, Goshen, NY 10924
      View Details
    • $1,200,000
      19.49 Acres

      Goshen Land for Cannabis Growing

      19.49 acres suitable for cannabis or agricultural use.
      853 Pulaski Hwy, Goshen, NY 10924
      View Details
    • $950,000
      Pending

      Well-Maintained Bank Building For Sale

      Single-tenant bank building in Goshen, NY, leased until 2032.
      60 Matthews St, Goshen, NY 10924
      View Details
    • $4,000,000

      Multi-Tenant Office & Flex Building

      Multi-tenant office and flex building in Goshen, NY.
      15 Matthews St, Goshen, NY 10924
      View Details
    • $575,000
      Pending

      Residential and Commercial Opportunity in Goshen

      Two-parcel bundle with residential and commercial potential in Goshen, NY.
      2641 Route 17M, Goshen, NY 10924
      View Details
    • $1,995,000
      Pending

      New Flex Building Opportunity

      Multi-use flex building with warehouse, retail, office, and residential spaces.
      1771 Route 17M, Goshen, NY 10924
      View Details
    • $2,500,000

      High-Visibility Retail Investment Opportunity

      Two-building retail complex with income and value-add potential.
      151 Greenwich Ave, Goshen, NY 10924
      View Details
    • $950,000
      Pending

      Bank Building in Goshen For Sale

      Single-tenant bank building in Goshen, NY, leased until 2032.
      60 Matthews St, Goshen, NY 10924
      View Details
    • $950,000

      Commercial Building in Goshen For Sale

      Well-maintained commercial building in Goshen, NY, currently leased.
      60 Matthews St, Goshen, NY 10924
      View Details
    • $499,000

      Prime Office Space Near Government

      Office space with quality finishes, near Orange County Government Center.
      18 Scotchtown Ave, Goshen, NY 10924
      View Details
    • $499,000

      Prime Office Space Near Government

      Office space with quality finishes, near Orange County Government Center.
      18 Scotchtown Ave, Goshen, NY 10924
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 12.6-Acre Site, Prime Location, Zoning Change Required
    Where is this commercial real estate located?
    The property is located at 47 Police Dr Goshen, NY.
    What is the asking price?
    The asking price for this property is $3,312,000.
    (845) 928-9691
    Request Owner's contact information
    47 Police Dr Goshen, NY 10924
    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.
    47 Police Dr
    Goshen, NY 10924
    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
    47 Police Dr Goshen, NY 10924
    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

    We can help!
    Listing Contact
    John N Biasi
    John N Biasi
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!