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    503-505 State Route 208 Monroe, NY 10950

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    For Sale
    $2,750,000

    Fully leased medical property with established tenant and long-term lease.

    Property size:
    10,900 SF
    Lot size:
    18.70 Acres

    Property Features for 503-505 State Route 208

    General Information

    Size
    10,900 SF
    Lot size
    18.70 Acres

    Source: Rand Commercial - Orange County Agent Jay Himelson

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

    Overview

    Monroe Medical Investment Opportunity

    An investment property located at 505 Route 208, Monroe, NY, is available for acquisition. The property is fully leased on a triple net (NNN) basis. The tenant is Hudson Valley Radiology of RadNet Inc, a medical imaging company. The property is located across the street from the Route 17/86 entrance and backs up to a lake. The property has 10,900 square feet of space. There are 8 years remaining on the lease.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.190391
    Latitude
    41.346883

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    FAQs

    What type of property is this?
    Medical office - Fully leased medical property with established tenant and long-term lease.
    Where is this medical office located?
    The property is located at 503-505 State Route 208 Monroe, NY.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Fully leased triple net (NNN) investment property, providing a passive income stream.; - Tenant is Hudson Valley Radiology of RadNet Inc, a national leader in medical imaging, ensuring reliable tenancy.; - Located at 505 Route 208, Monroe, NY, offering a strategic and accessible location.
    (845) 222-0147
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    Monroe, NY 10950
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    Realmo Value Estimation

    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.

    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.

    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
    503-505 State Route 208 Monroe, NY 10950
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