Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercially Zoned Property Near Interstate Title is generated by Realmo AI

    2039 State Route 208, Montgomery, NY 12549

    View on Map
    Claim this Listing
    For Sale
    $547,000

    Well-maintained building with high visibility and versatile B-1 zoning.

    Type:Commercial
    Added:
    Apr 1, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 1 at 8:11 pm

    Property Features for 2039 State Route 208

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    LAUREL P LUSTGARTEN

    Listing agent LAUREL P LUSTGARTEN

    Listing office HOWARD HANNA RAND REALTY

    Listing date Apr 1, 2026

    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 HOWARD HANNA RAND REALTY

    HighLights

    • Prime commercial location: seconds from Interstate 84 (Exit 5) with high visibility in the heart of Montgomery.
    • Versatile B‑1 zoning suitable for retail, office, and service‑oriented businesses.
    • Existing infrastructure: includes exhaust system and drive‑up window, ideal for food service.
    • Ample parking with 19 dedicated spaces.
    • Strong visibility and accessibility: well‑maintained building with easy access and steady traffic flow.
    • Surrounded by national retailers, enhancing customer draw.

    Overview

    This commercially zoned (B-1) property is located seconds from Exit 5 on Interstate 84, with visibility to over 14000 vehicles per day. The building is exceptionally well-maintained and benefits from steady traffic flow and easy accessibility. It is currently operating as a successful salon and provides versatility for a range of permitted uses under B-1 zoning, including retail, office, and service-oriented businesses. Previously home to a deli, the building retains an existing exhaust system and a drive-up window, making it suitable for food service or grab-and-go concepts. The site includes 19 dedicated parking spaces and is surrounded by national retailers, fast-food establishments and other established businesses. The property offers a strategic location, strong visibility and potential for various business uses.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Lord's Homestead Florist — 948 Homestead Ave, Maybrook, NY 12543

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.2069428
    Latitude
    41.5071042

    Nearby Similar for Sale

    • $999,999
      3,228 SF

      Mixed-Use Buildings in Historic District

      Two buildings with commercial and residential opportunities in Montgomery, NY.
      135-139 Union Street, Montgomery, NY 12549
      View Details
    • $2,869,565
      12,928 SF

      Industrial Facility Leased to Cintas

      Single-tenant industrial facility in Montgomery, NY, leased to Cintas.
      138 Bracken Rd, Montgomery, NY 12549
      View Details
    • $725,000

      Well-Maintained Duplex on 2.7 Acres

      Two-family duplex on 2.7 acres, built in 2002.
      2040 State Route 17K, Montgomery, NY 12549
      View Details
    • $449,999

      Commercial Property in Montgomery, NY

      Versatile commercial property with expansion potential in a prime location.
      120 Bracken Road, Montgomery, NY 12549
      View Details
    • $449,999
      6,700 SF

      Versatile Commercial Property in Montgomery

      Commercial property with expansion potential, ideal for diverse business ventures.
      120 Bracken Rd, Montgomery, NY, 12549-2600
      View Details
    • $4,500,000
      39,422 SF

      Versatile Warehouse Space with Expansion Potential

      39,422 sq ft warehouse on 4.2 acres near I-87/I-84.
      181 Boyd Street, Montgomery, NY 12549
      View Details
    • $7,100,000
      87,167 SF

      Equestrian Facility on 129 Acres

      Full-service equestrian facility with training track and boarding.
      261 Bullville Road, Montgomery, NY 12549
      View Details
    • $2,869,565
      12,928 SF

      Montgomery Industrial Facility For Sale

      Single-tenant industrial facility leased to Cintas Uniform Services.
      138 Bracken Rd, Montgomery, NY 12549
      View Details
    • $1,300,000

      Leased Restaurant & Income Apartments

      Mixed-use property featuring a restaurant and four apartments.
      631 State Route 17K, Montgomery, NY 12549
      View Details
    • $6,500,000

      Functional Warehouse in Prime Location

      Warehouse in excellent condition, ready for immediate occupancy and expansion.
      118 Bracken Road #116, Montgomery, NY 12549
      View Details
    • $200,000

      Gas Station Convenience Store Business

      Turn-key gas station and convenience store business for sale.
      2214 State Route 208, Montgomery, NY 12549
      View Details
    • $1,750,000

      Ward Street Commercial Property

      Commercial property for sale in Orange County.
      66-68 Ward Street, Montgomery, NY 12549
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained building with high visibility and versatile B-1 zoning.
    Where is this storefront property located?
    The property is located at 2039 State Route 208 Montgomery, NY.
    What is the asking price?
    The asking price for this property is $547,000.
    What are key features of this property?
    This property features: Prime commercial location: seconds from Interstate 84 (Exit 5) with high visibility in the heart of Montgomery.; Versatile B‑1 zoning suitable for retail, office, and service‑oriented businesses.; Existing infrastructure: includes exhaust system and drive‑up window, ideal for food service.
    (845) 928-9691
    We can help!
    Listing Contact
    LAUREL P LUSTGARTEN
    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

    Thank You for Inquiry
    2039 State Route 208, Montgomery, NY 12549
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!