Mixed-Use Property with
New
For Sale
$899,000
1197 Dolsontown Rd, Middletown, NY 10940
An operating luncheonette shares the property with upper-floor residential units that need work.
Property Size2,088 SF
Days on Market2
Property Features for 1197 Dolsontown Rd
General Information
Standard status
Active
Size
2,088 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
a little work
Additional Details
Business Included
Yes
Road Access
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$10,412
Building Details
Building Size
2,088 SF
Year Built
1902
Listing Agency:
Curasi Realty
Listed By:
Pedro Garcia · License #40GA0948158
(914) 850-1909
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 5:04PM
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 Curasi Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 1197 Dolsontown Rd in Middletown, New York, contains an operating luncheonette and residential units on the upper floors. The residential space requires work. The property was built in 1902 and includes a parking lot serving the business and residential areas.
Dolsontown Road frontage and access to major thoroughfares connect the property with shopping and local amenities in Middletown.
Dolsontown Road frontage and access to major thoroughfares connect the property with shopping and local amenities in Middletown.
Key Highlights
- Operating luncheonette on site
- Upper‑floor residential units require work
- Parking lot serves the business and residential portions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,057
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,140
$781.1K
Cap Rate 7%
$557,957
$558.0K
Cap Rate 9%
$433,967
$434.0K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$73.7K $35.28/SF
− Vacancy
−$2.7K −$1.27/SF
EGI
$71.0K $34.01/SF
− OpEx
−$32.0K −$15.30/SF
NOI
$39.1K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,140
Cap Rate 7%
$557,957
Cap Rate 9%
$433,967
Alternative Uses
Best Use
Apartment 5plus
$558.0K
$488.2K – $651.0K
NOI $39,057 @ 7.0% cap · market cap 4.34%
Second Best
Mixed Use
$259.7K
$227.3K – $303.0K
NOI $18,181 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,503 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 10940, NY
52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating luncheonette shares the property with upper-floor residential units that need work.
Where is this mixed-use property located?
The property is located at 1197 Dolsontown Rd Middletown, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Operating luncheonette on site; Upper‑floor residential units require work; Parking lot serves the business and residential portions
