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    3764 Wood St Jefferson Valley, NY 10535

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    For Sale
    $1,586,000

    Residential and commercial properties with income potential near Osceola Lake.

    Property Features for 3764 Wood St

    General Information

    Property type
    Commercial
    Standard status
    Active

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Drita V. Shala
    Drita V. Shala
    Source: Elliman

    Listing Agency: HOWARD HANNA RAND REALTY Listing Agent: Drita V. Shala

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

    Learn more

    Overview

    Mixed-Use Investment Opportunity

    This investment opportunity includes a mix of residential and commercial properties. The portfolio consists of three properties on one lot. The house at 3764 Wood Street was totally renovated in 2022-2023 and includes a three-bedroom, three-bath unit with laundry, private parking, and views of the Oceola. The rent is $3175 per month, with the tenant paying all utilities. The lower level features a one-bedroom apartment renting for $2000 per month, with the tenant paying all utilities. The property at 412 E Main Street is a one-bedroom cottage house renting for $1600 per month, with the tenant paying all utilities. It has a basement with utilities and a washer/dryer for all four tenants. The property at 406 E Main Street includes a bar/restaurant, currently non-operational, with two residential units above: a two-bedroom unit renting for $2500 per month and a one-bedroom unit renting for $1800 per month. The bar/restaurant is currently vacant, with an estimated market value rent of $6500. The property includes land with parking for 10-15 cars near the bar/restaurant and additional spaces for the duplex. Located near Osceola Lake, this portfolio benefits from recreational appeal. The property has existing leases in place and boasts income potential with a cap rate of 5.9%, not including the bar/restaurant's estimated income of $6500 per month. The adjacent property at 3764 Wood St is also included. Heating fuel is oil above ground.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson Valley
    County
    Westchester
    State
    New York
    Longitude
    -73.7991727
    Latitude
    41.3361125

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    • $1,586,000

      Mixed-Use Investment Near Osceola Lake

      Residential and commercial properties with income potential near Osceola Lake.
      3764 Wood St, Jefferson Valley, NY 10535
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    FAQs

    What type of property is this?
    Mixed-use property - Residential and commercial properties with income potential near Osceola Lake.
    Where is this mixed-use property located?
    The property is located at 3764 Wood St Jefferson Valley, NY.
    What is the asking price?
    The asking price for this property is $1,586,000.
    What are key features of this property?
    This property features: - High income potential with bar/restaurant estimated at $6500/month.; - Strong 5.9% cap rate from existing leased units.; - Includes renovated 3-bedroom house, 1-bedroom apartment, and 1-bedroom cottage house. Tenants pay utilities.
    (914) 419-6612
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    3764 Wood St Jefferson Valley, NY 10535
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    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
    3764 Wood St Jefferson Valley, NY 10535
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    We can help!
    Listing Contact
    Drita V. Shala
    Drita V. Shala
    Real Estate License ID: 10401221172
    (914) 419-6612 (914) 245-4422
    Learn more
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