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

    190 S Plank Road Newburgh, NY 12550

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $70,000

    Turn key luncheonette shop for sale in a busy area.

    Added:
    May 27, 2025
    Days on Market:
    327
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 190 S Plank Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JAY A. HIMELSON
    JAY A. HIMELSON

    Listing agent JAY A. HIMELSON

    Listing office RAND COMMERCIAL

    Listing date May 27, 2025

    Source Corcoran

    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 RAND COMMERCIAL

    Overview

    Turn Key Luncheonette Shop

    This is a turn key luncheonette shop for sale situated in a busy area. The plaza is located on a heavily traveled road and is around the corner from Newburgh Resorts Casino. The sale includes equipment such as a griddle, stove, electronic register, refrigerators, freezers, ice machine, dishwasher, and many other commercial grade items. The property is ready to open and operate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alma Yoga Gym & Fitness Center Joyce Leung Lilly ... Medical Clinic Dr. Lisa Vitale, ... Medical Clinic Mean Dogs Hot ... Take-out & Catering ME TIME BEAUTY ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0683
    Latitude
    41.5258

    Nearby Similar for Sale

    • $399,999

      Historic Newburgh Building on Broadway

      Iconic 11,000+ sq. ft. building ready for redevelopment.
      315 Broadway, Newburgh, NY 12550
      View Details
    • $475,000

      Versatile Ranch Property with Office

      Charming ranch-style building configured as two separate medical offices.
      169 N Plank Road, Newburgh, NY 12550
      View Details
    • $649,000

      Renovated Victorian Multi-Family Home

      Historic Newburgh Victorian with modern upgrades and flexible living options.
      154 3rd Street, Newburgh, NY 12550
      View Details
    • $799,000

      Newburgh Commercial Opportunity For Sale

      Commercial property with potential for dental or medical office.
      468 Gidney Avenue, Newburgh, NY 12550
      View Details
    • $899,000

      Newburgh Commercial Property For Sale

      Well-maintained 3-acre property with versatile structures and ample parking.
      1860 Route 300, Newburgh, NY 12550
      View Details
    • $550,000

      Renovated Multifamily Property in Newburgh

      Fully rented, renovated units with separate utilities and low taxes.
      86 William Street, Newburgh, NY 12550
      View Details
    • $410,000

      Newburgh Multifamily Property For Sale

      Well-kept multifamily property with new windows and updated kitchens.
      100 Carson Avenue, Newburgh, NY 12550
      View Details
    • $324,900

      Newburgh Two-Family Investment Property

      Legal two-family property with a large, fenced backyard.
      115 William Street, Newburgh, NY 12550
      View Details
    • $450,000

      Newburgh Multifamily Investment Opportunity

      Fully rented duplex near shops and restaurants. Low taxes.
      202 Ann Street, Newburgh, NY 12550
      View Details
    • $430,000

      Commercial Building in Newburgh, NY

      Commercial building with 10 rooms, kitchen, and ample parking.
      30 Route 17k, Newburgh, NY 12550
      View Details
    • $399,000

      Classic Brick Multifamily in Newburgh

      Fully rented multifamily property in Newburgh's East End Historic District.
      91 Carson Avenue, Newburgh, NY 12550
      View Details
    • $315,000

      Newburgh Triplex: Renovated Opportunity

      Triplex in Newburgh, NY, with significant renovations completed.
      157 Johnston Street, Newburgh, NY 12550
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Turn key luncheonette shop for sale in a busy area.
    Where is this breakfast & diner located?
    The property is located at 190 S Plank Road Newburgh, NY.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Turn‑key operation: Ready to open and operate immediately.; Fully equipped: Includes all necessary commercial‑grade equipment (griddle, stove, register, refrigerators, freezers, ice machine, dishwasher).; High‑traffic location: Situated in a busy area on a heavily traveled road.
    (845) 928-9691
    We can help!
    Listing Contact
    JAY A. HIMELSON
    JAY A. HIMELSON
    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!