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    Dual-Use Office and Medical Buildings Title is generated by Realmo AI

    2300 State Route 208 State Route 208, Montgomery, NY 12549

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    For Sale
    $649,999

    SINGLE_FAMILY - Montgomery, NY

    Type:Office
    Lot size:
    1.00 Acre
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 2300 State Route 208 State Route 208

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    B-2
    Rooms
    Basement
    Parking features
    Parking Lot
    Basement
    Unfinished
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    334289-020-000-0001-056.100-0000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20585

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Central Air, Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1999
    Number of units
    2
    Flooring type
    Hardwood, Combination, Laminate
    Building materials
    Frame

    We can help!

    Listing Contact
    Richard Baxter
    Richard Baxter

    Listing agent Richard Baxter License #10401254733

    Listing office Keller Williams Realty 69 Brookside Ave. Ste 225, Chester, NY

    Listing date Jun 3, 2026

    MLS# 1000628

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Dual‑building commercial property on a 1‑acre lot, with 2,300‑square‑foot beige building plus 1,264‑square‑foot brown building (built in 1999).
    • Zoned in the B‑2 District for multiple permitted and special permitted uses including professional office space, personal services, professional studio, travel agency, and multi‑tenant flex space.
    • Frontage and access on State Route 208 with dual entry and exit points; located about 1 mile from the Interstate 84 intersection.
    • 2,300‑square‑foot building includes accessible bathroom with pedestal sink and ADA‑compliant grab bar, plus private offices, kitchenette, and a large open‑concept upper level space.
    • Executive suite features glass‑paneled French doors and recessed lighting, with sliding glass doors to a private wooden deck overlooking greenery.
    • 1,264‑square‑foot former medical facility includes ADA‑compliant wooden entrance ramp, reception and waiting area, kitchenette, centralized office/workspace, four private exam rooms/meeting spaces, and its own private basement for storage.

    Overview

    The property offers two adjoining commercial buildings configured for professional use. The beige primary building includes an administrative first floor with built-in wrap-around counters, a sliding glass pass-through window, private offices, a kitchenette, and an accessible bathroom. The upper level provides private office space plus an open-concept area suited for collaborative or training use, and an executive suite with glass-paneled French doors and sliding glass doors to a private wooden deck. Two additional bathrooms support day-to-day operations, and a full basement provides shared storage. The adjacent brown, single-level building is described as a former medical facility and features an ADA-compliant wooden entrance ramp, reception and waiting area, kitchenette, centralized workspace, four private exam rooms or meeting spaces, and a bathroom, along with a private basement for additional storage.

    The compound is located on a one-acre site with primary access directly on State Route 208, providing dual entry and exit points for smoother traffic flow during busy periods. It is positioned on the major State Route 208 corridor connecting the Town of Montgomery and the Village of Walden, and it is about one mile from the Interstate 84 intersection. The property is set within a commercial hub area with surrounding established businesses.

    With B-2 zoning, the site is described as accommodating professional office space and certain personal service and multi-tenant flex uses. The combination of office and ADA-equipped medical-style space, along with separate basements and multiple room configurations, may fit a single-operator enterprise or an investor seeking a multi-tenant arrangement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.198777
    Latitude
    41.5323608

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    FAQs

    What type of property is this?
    Office building - Two buildings on a high-visibility Route 208 lot in B-2 zoning, with ADA features and flexible office/medical layouts.
    Where is this office building located?
    The property is located at 2300 State Route 208 State Route 208 Montgomery, NY.
    What is the asking price?
    The asking price for this property is $649,999.
    What are key features of this property?
    This property features: Dual‑building commercial property on a 1‑acre lot, with 2,300‑square‑foot beige building plus 1,264‑square‑foot brown building (built in 1999).; Zoned in the B‑2 District for multiple permitted and special permitted uses including professional office space, personal services, professional studio, travel agency, and multi‑tenant flex space.; Frontage and access on State Route 208 with dual entry and exit points; located about 1 mile from the Interstate 84 intersection.
    (845) 494-4715
    We can help!
    Listing Contact
    Richard Baxter
    Richard Baxter
    Real Estate License ID: 10401254733
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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.

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