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

    84 Cimarron Rd Monticello, NY 12701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $529,000

    Turnkey 2-family, commercial space, great location.

    Property size:
    4,358 SF

    Property Features for 84 Cimarron Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,358 SF
    Lot Size
    12,632 SF

    We can help!

    Listing Contact
    Pamela Henning

    Listing Agent: Pamela Henning

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

    Learn more

    Overview

    This exceptional Monticello property offers a unique blend of commercial and residential income streams. The 4,358 square foot building sits on a 0.29-acre lot and boasts a recently renovated commercial space currently leased for $1,900 per month, with a potential increase to $2,500 per month starting October. Recent upgrades include fresh exterior painting (2023), a new roof (2022), a pressure tank (2023), a well pump (2024), and a new hot water heater. The commercial space also features a new sub-pump. The residential apartment, currently rented for $1,450, has undergone recent improvements including fresh interior paint, new flooring, and a new range. Modernization extends to new plumbing and the installation of Fujitsu mini-split AC/heat units. The basement has been enhanced with new windows. This turnkey property enjoys a prime location near the casino and shopping, with convenient access from Route 17. The owner is open to considering financing options for qualified buyers. This presents a compelling investment opportunity with strong rental income and significant upside potential. The combination of commercial and residential income provides a diversified revenue stream and a solid return on investment.
    Location Intelligence

    Current Use by Public Records

    Paint A Peace Ceramic ... Vocational School Cornerstone Tile & Floor ... General Contractor

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Auto Parts Store Auto Repair Shop Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan County
    State
    New York
    Longitude
    -74.64298
    Latitude
    41.64312

    Nearby Similar for Sale

    • $329,000
      2,302 SF

      Monticello Commercial Building For Sale

      Turnkey office space with B-1 zoning in Monticello Village.
      58 Pleasant Street Ext, Monticello, NY 12701
      View Details
    • $395,000
      0.65 Acres

      Mixed-Use Development Opportunity in Monticello

      Two parcels in Monticello's B2 district, ideal for redevelopment.
      Pleasant Street Ext, 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 Rd, Monticello, NY 12701
      View Details
    • $460,000
      0.17 Acres

      Turn-Key Monticello Retail Opportunity

      Four-unit building with long-term tenants in prime location.
      485 Broadway, Monticello, NY 12701
      View Details
    • $899,900
      9,444 SF

      Monticello Retail/Warehouse Opportunity

      Spacious retail/warehouse with high visibility and highway access.
      184-186 E Broadway, Monticello, NY 12701
      View Details
    • $200,000
      0.30 Acres

      Established Liquor Store in Monticello

      Turn-key liquor store with existing clientele in Monticello, NY.
      458 Broadway, 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 Rd, Monticello, NY 12701
      View Details
    • New
      $525,000
      0.70 Acres

      Monticello Multifamily Property For Sale

      Multifamily property with three renovated houses and separate utilities.
      105-107 E Cold Spring Rd, 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
    • $749,000
      3,270 SF

      Live-Work Investment Opportunity in Monticello

      2.1-acre property with commercial building and residential house.
      107 Jefferson St, Monticello, NY 12701
      View Details
    • $460,000
      6,922 SF

      Four-Unit Building on Broadway

      Turn-key four-unit building with long-term tenants on Broadway.
      485 Broadway, Monticello, NY 12701
      View Details
    • $450,000

      Monticello Commercial/Residential Property For Sale

      Commercial/Residential property in the heart of Monticello, well-maintained and in good condition.
      57 Forestburgh Rd, Monticello, NY 12701
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Turnkey 2-family, commercial space, great location.
    Where is this commercial real estate located?
    The property is located at 84 Cimarron Rd Monticello, NY.
    What is the asking price?
    The asking price for this property is $529,000.
    (845) 866-0837
    Request Owner's contact information
    84 Cimarron Rd Monticello, NY 12701
    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.
    84 Cimarron Rd
    Monticello, NY 12701
    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
    84 Cimarron Rd Monticello, NY 12701
    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
    Pamela Henning
    Real Estate License ID: 30HE1114381
    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!