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    8030 State Route 28 Big Indian, NY 12410

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    For Sale
    Pending
    $1,750,000

    27,500 SF retreat center on 32.8 acres in Catskills.

    Lot size:
    32.80 Acres

    Property Features for 8030 State Route 28

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    32.80 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Alicia S. Goldman
    Alicia S. Goldman
    Source: Elliman

    Listing Agency: CHRISTIE'S INT. REAL ESTATE Listing Agent: Alicia S. Goldman

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

    Learn more

    Overview

    Catskill Retreat Center For Sale

    This 4-season Catskill retreat is situated on a sprawling 32.8-acre lot and features a total of 27,500 square feet of space. The property is currently utilized as a Church retreat center, making it suitable for various commercial purposes. The main building features a meeting hall and full commercial kitchen as well as 28 sleeping rooms. Sixteen sleeping rooms have ensuite bathrooms, and twelve sleeping rooms have shared bathroom facilities on their floor. There are two additional cottages on the property that could be utilized, as well as a 6,000 square foot warehouse that is almost construction complete and fully approved as a gym or hall. The property also offers plenty of tranquil spots by a stream, and throughout the property there are gazebos to enjoy the full nature of this area. This property offers versatile possibilities for commercial use. Its spacious layout and scenic Catskill location make it ideal for a retreat center, luxury resort and hotel and spa, conference facility, educational camp, wellness resort, corporate training center or an event venue. The property's 4-season functionality ensures year-round operability, maximizing its potential for various business models. Situated just 10 miles past Woodstock, this property offers easy access to popular skiing destinations and the renowned Esopus Creek. Its picturesque Catskill setting presents a rare opportunity for investors or businesses looking to establish a significant presence in this sought-after area.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Indian
    County
    Ulster
    State
    New York
    Longitude
    -74.435386
    Latitude
    42.103181

    Nearby Similar for Sale

    • $1,750,000

      Catskill Retreat Center For Sale

      Four-season retreat on 32.8 acres, suitable for commercial purposes.
      8030 State Route 28, Big Indian, NY 12410
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 27,500 SF retreat center on 32.8 acres in Catskills.
    Where is this church & religious facility located?
    The property is located at 8030 State Route 28 Big Indian, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Sprawling 32.8-acre Catskill retreat suitable for various commercial purposes.; - Main building with meeting hall and full commercial kitchen.; - Features 28 sleeping rooms (16 ensuite, 12 with shared facilities).
    (914) 266-9200
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    Big Indian, NY 12410
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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
    8030 State Route 28 Big Indian, NY 12410
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    We can help!
    Listing Contact
    Alicia S. Goldman
    Alicia S. Goldman
    Real Estate License ID: 10301220010
    (914) 266-9200 (914) 355-1137
    Learn more
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