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

    1117 Oregon Rd Cortlandt Manor, NY 10567

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.9 acre commercial development site in Cortlandt Manor, NY.

    Type:Land
    Lot size:
    4.90 Acres
    Added:
    Mar 15, 2022
    Days on Market:
    1499
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1117 Oregon Rd

    General Information

    Standard status
    Active
    Lot size
    4.90 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Thomas Cervone

    Listing agent Thomas Cervone License #NY 49CE0922865

    Listing office CR Properties Group LLC

    Listing date Mar 15, 2022

    Source Crexi

    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 CR Properties Group LLC

    Overview

    Commercial Development Site in Cortlandt

    This commercial development site offers frontage on Oregon Rd & Westbrook Dr in Cortlandt Manor, NY. The property consists of approximately 4.9 acres in total. The location is zoned CC, Community Commercial, and is within close proximity to demand generators and area retailers. The Taconic State Parkway (Exit 20) is 3.6 miles away, Peekskill Train Station is 10 minutes away, U.S. Route 9 is 7 minutes away, and Bear Mountain Bridge is 15 minutes away. Nearby shopping includes Cortlandt Town Center and Jefferson Valley Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Cortlandt Manor
    County
    Westchester
    State
    New York
    Longitude
    -73.8839312
    Latitude
    41.3236409

    Nearby Similar for Sale

    • $199,999

      Cortlandt Manor Land Opportunity

      8+ acre land parcel in Cortlandt Manor, NY.
      Gallows Hill Road, Cortlandt Manor, NY 10567
      View Details
    • $75,000

      Residential Land in Cortlandt Manor

      Residential land for sale in desirable Cortlandt Manor.
      11 Abraham Gunn Memorial Drive, Cortlandt Manor, NY 10567
      View Details
    • $499,000
      1,600 SF

      Mixed-Use Property with Warehouse Space

      Mixed-use property with warehouse and development potential in prime location.
      1018 Oregon Road, Cortlandt Manor, NY 10567
      View Details
    • $599,000

      Versatile Commercial Building For Sale

      High-traffic location suitable for various businesses, build to suit.
      1 Dogwood Road, Cortlandt Manor, NY 10567
      View Details
    • $895,000
      12,000 SF

      Fully Leased Retail Property

      Retail and service property in Cortlandt Manor, NY for sale.
      1062 Oregon Road, Cortlandt Manor, NY 10567
      View Details
    • $3,500,000
      3,000 SF

      Cortlandt Manor Income Property

      3.35-acre property with greenhouses and updated main building.
      2267 Crompond Road, Cortlandt Manor, NY 10567
      View Details
    • $45,000

      Undeveloped Lot in Cortlandt Manor

      Undeveloped lot suitable for building a single-family residence.
      Sherwood Road, Cortlandt Manor, NY 10567
      View Details
    • $45,000

      Undeveloped Lot in Cortlandt Manor

      Land suitable for single-family residence with municipal approvals.
      Sherwood Road, Cortlandt Manor, NY 10567
      View Details
    • $475,000

      10 Acres Abutting Parkland

      10-acre parcel near Blue Mountain Reservation, potential for multiple homes.
      2023 Old Maple Avenue, Cortlandt Manor, NY 10567
      View Details
    • $3,600,000
      13,000 SF

      Multi-Tenant Building in High-Traffic Location

      13,000 SF multi-tenant building on 1.12 acres for sale.
      2093 East Main Street, Cortlandt, NY 10567
      View Details
    • $79,999

      Vacant Land For Sale

      Vacant land available for purchase.
      27 Jean Drive, Cortlandt Manor, NY 10567
      View Details
    • Contact for pricing

      Highway Commercial Land Opportunity

      1.21-acre commercial lot with HC zoning.
      64 Roa Hook Rd, Cortlandt, NY 10567
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.9 acre commercial development site in Cortlandt Manor, NY.
    Where is this commercial land located?
    The property is located at 1117 Oregon Rd Cortlandt Manor, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 4.9 ± acre commercial development site.; Located in CC, Community Commercial zone.; Frontage on Oregon Rd & Westbrook Dr.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Cervone
    Real Estate License ID: NY 49CE0922865
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!