Sign Up Successful!
You now have access to more from Realmo!
    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 Rd Newburgh, NY 12550

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $60,000

    Turnkey luncheonette shop in a busy area, ready to operate.

    Lot size:
    1.50 Acres

    Property Features for 190 S Plank Rd

    General Information

    Standard status
    Active
    Lot size
    1.50 Acres

    We can help!

    Listing Contact
    Jay A. Himelson
    Source: Exprealty

    Listing Agency: Rand Commercial Listing Agent: Jay A. Himelson

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Luncheonette Shop For Sale

    This is a turnkey luncheonette shop available for sale, situated in a high-traffic area. The property is located in a plaza on a heavily traveled road and is near the Newburgh Resorts Casino. The sale includes commercial-grade equipment such as a griddle, stove, electronic register, refrigerators, freezers, ice machine, and dishwasher, among other items. The property is ready for immediate operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alma Yoga Yoga Studio Joyce Leung Lilly ... Acupuncture Clinic Dr. Lisa Vitale, ... Acupuncture Clinic Mean Dogs Hot ... Hot Dog Stand ME TIME BEAUTY ... Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0682996
    Latitude
    41.5257655

    Nearby Similar for Sale

    • $999,999
      10,200 SF

      Newburgh Office Building For Sale

      10,000 sqft office building in high-visibility Newburgh location.
      4 Corwin Ct, Newburgh, NY 12550
      View Details
    • $665,000
      0.04 Acres

      Renovated Victorian Multi-Family Residence

      Turn-key, renovated two-family Victorian in the heart of Newburgh.
      154 3Rd St, Newburgh, NY 12550
      View Details
    • New
      $850,000
      Pending

      Well-Maintained Multifamily Property in Newburgh

      Turn-key multifamily property in Newburgh with pride of ownership.
      298 Grand St, Newburgh, NY 12550
      View Details
    • New
      $999,000
      1.40 Acres

      Multi-Home Investment in New Windsor

      Three single-family homes on 1.4 acres, generating $75,900 NOI.
      9 Benedict Ln, New Windsor, NY 12553
      View Details
    • $399,999
      0.06 Acres

      Renovated Mixed-Use Triplex in Newburgh

      Mixed-use triplex with storefront and two apartments in Newburgh.
      12 Liberty St, Newburgh, NY 12550
      View Details
    • $774,900
      9,312 SF

      Newburgh Mixed-Use Building For Sale

      Mixed-use building with apartments and open shop in Newburgh.
      41-43 City Ter N, Newburgh, NY 12550
      View Details
    • $599,000
      Pending

      Mixed-Use Building in Historic District

      Fully leased mixed-use building with commercial and residential units.
      153 Lander St, Newburgh, NY 12550
      View Details
    • $475,000
      0.85 Acres

      Versatile Ranch Property with Office

      Charming ranch-style building configured as two separate medical offices.
      169 N Plank Rd, Newburgh, NY 12550
      View Details
    • $435,000
      1,912 SF

      Charming Duplex in Prime Location

      Two-family home near coffee shops, waterfront, and Ritz Theater.
      45a Lander St, Newburgh, NY 12550
      View Details
    • $600,000
      Pending

      Charming Duplex in New Windsor

      Duplex with income potential and short-term rental possibilities.
      2 Dimiceli St, New Windsor, NY 12553
      View Details
    • $352,500
      0.08 Acres

      Historic Newburgh Multifamily Renovation Opportunity

      Charming multifamily property in historic Newburgh, ready for renovation.
      144 Dubois St, Newburgh, NY 12550
      View Details
    • $925,000
      3.10 Acres

      Established Learning Center on 3 Acres

      Turnkey nursery school/daycare center with versatile structures and ample parking.
      1860 Route 300, Newburgh, NY 12550
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey luncheonette shop in a busy area, ready to operate.
    Where is this turn key restaurant located?
    The property is located at 190 S Plank Rd Newburgh, NY.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Turn-key luncheonette: Ready to operate immediately with all equipment included.; - High-traffic location: Situated in a busy area on a heavily traveled road.; - Proximity to Newburgh Resorts Casino: Located around the corner from a major attraction.
    (845) 928-9691
    Request Owner's contact information
    190 S Plank Rd Newburgh, NY 12550
    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.
    190 S Plank Rd
    Newburgh, NY 12550
    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
    190 S Plank Rd Newburgh, NY 12550
    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

    We can help!
    Listing Contact
    Jay A. Himelson
    (845) 928-9691
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.