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

    21 Hanson Dr Montgomery, NY

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

    Land suitable for industrial development with utilities available.

    Type:LAND
    Lot size:
    61.00 Acres
    Added:
    Jan 12, 2024
    Days on Market:
    838
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 21 Hanson Dr

    General Information

    Standard status
    Active
    Lot size
    61.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Frank Fiorella

    Listing agent Frank Fiorella License #NY 109900834

    Listing office Princeton Realty Group

    Listing date Jan 12, 2024

    Source Moodyscre

    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 Princeton Realty Group

    Overview

    Industrial Land with Flexible Zoning

    This site offers flexible zoning and access to water, sewer, and natural gas. Permitted uses include recycle, distribution, wholesale, and trucking. There is potential to build an industrial facility of 200,000 to 300,000 square feet. The location is near FedEx, UPS, Cardinal Health, United Natural Foods, Penske Truck, XPO, and Home Depot Distribution.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.2368
    Latitude
    41.5276

    Nearby Similar for Sale

    • $999,999
      3,228 SF

      Mixed-Use Buildings in Historic District

      Two buildings with commercial and residential opportunities in Montgomery, NY.
      135-139 Union Street, Montgomery, NY 12549
      View Details
    • $725,000

      Well-Maintained Duplex on 2.7 Acres

      Two-family duplex on 2.7 acres, built in 2002.
      2040 State Route 17K, Montgomery, NY 12549
      View Details
    • $449,999

      Commercial Property in Montgomery, NY

      Versatile commercial property with expansion potential in a prime location.
      120 Bracken Road, Montgomery, NY 12549
      View Details
    • $449,999
      6,700 SF

      Versatile Commercial Property in Montgomery

      Commercial property with expansion potential, ideal for diverse business ventures.
      120 Bracken Rd, Montgomery, NY, 12549-2600
      View Details
    • $547,000

      Commercially Zoned Property Near Interstate

      Well-maintained building with high visibility and versatile B-1 zoning.
      2039 State Route 208, Montgomery, NY 12549
      View Details
    • $180,000

      Residential Land in Montgomery, NY

      4.6 acre lot near Montgomery's amenities and major highways.
      41 Enright Lane, Montgomery, NY 12549
      View Details
    • $499,000

      Prime Commercial Land Opportunity

      7.6 acres of commercial land with highway frontage.
      State Route 17k Ss, Montgomery, NY 12549
      View Details
    • $1,325,000

      Land Parcel in Montgomery, NY

      44.19-acre parcel with proposed subdivision plan.
      Collabar Road, Montgomery, NY 12549
      View Details
    • $649,000

      Industrial Land Ready For Construction

      22-acre industrial land with approved plans near I-84.
      Ridge Road, Montgomery, NY 12549
      View Details
    • $4,500,000
      39,422 SF

      Versatile Warehouse Space with Expansion Potential

      39,422 sq ft warehouse on 4.2 acres near I-87/I-84.
      181 Boyd Street, Montgomery, NY 12549
      View Details
    • $7,100,000
      87,167 SF

      Equestrian Facility on 129 Acres

      Full-service equestrian facility with training track and boarding.
      261 Bullville Road, Montgomery, NY 12549
      View Details
    • $2,869,565
      12,928 SF

      Montgomery Industrial Facility For Sale

      Single-tenant industrial facility leased to Cintas Uniform Services.
      138 Bracken Rd, Montgomery, NY 12549
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for industrial development with utilities available.
    Where is this land located?
    The property is located at 21 Hanson Dr Montgomery, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: Flexible zoning permits recycle, distribution, wholesale, and trucking.; Potential to build **200,000 - 300,000 sq. ft. industrial building**.; Water, sewer, and natural gas utilities are available.
    (914) 329-5474 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frank Fiorella
    Real Estate License ID: NY 109900834
    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!