Mixed-Use Property with
For Sale
$600,000
249 Rock Hill Drive, Rock Hill, NY 12775
Two buildings share one parcel, including a restaurant occupied under an existing lease.
Property Size2,480 SF
Price / SF$241.94
Days on Market61
Property Features for 249 Rock Hill Drive
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Commercial
Zoning
NC
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,749
Building Details
Building Size
2,480 SF
Buildings
2
Listing Agency:
Malek Properties
(845) 583-6333
Listed By:
Shareen Maldonado
(845) 239-8439
Source:
Croninreale
Added: Aug 26
Changed: Oct 23
Last Checked: Oct 23 at 10:59AM
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 Malek Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Rock Hill property includes two separate buildings on a single parcel. One operates as a restaurant and is subject to an existing lease. The second building provides additional commercial space. The property is zoned NC and is located at 249 Rock Hill Drive in Rock Hill, New York.
Key Highlights
- Two separate buildings on one property
- Restaurant building occupied under an existing lease
- NC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,074
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,480
$641.5K
Cap Rate 7%
$458,200
$458.2K
Cap Rate 9%
$356,378
$356.4K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$44.6K $18.00/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$42.8K $17.24/SF
− OpEx
−$10.7K −$4.31/SF
NOI
$32.1K $12.93/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,480
Cap Rate 7%
$458,200
Cap Rate 9%
$356,378
Alternative Uses
Best Use
Specialty Retail
$458.2K
$400.9K – $534.6K
NOI $32,074 @ 7.0% cap · market cap 5.35%
Second Best
Mixed Use
$304.0K
$266.0K – $354.6K
NOI $21,278 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$680.2K
$595.2K – $793.6K
NOI $47,616 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Home Improvements & Furnishings 25%
Dining 22%
Dollar General
Shops & Services
8,808 visits/mo
0.3 miles
Rock Hill Trading Post
Home Improvements & Furnishings
8,457 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,457 visits/mo
0.1 miles
Mobil
Shops & Services
5,522 visits/mo
0.3 miles
Citgo
Shops & Services
3,775 visits/mo
0.2 miles
Demographics for 12775, NY
2,467
Population
1,506
Households
1.6
Avg Household Size
47
Median Age
50%
College-Educated
89%
High-School Grad
13.6 sq mi
ZIP Area
181
Density / Sq Mi
$108,125
Median Household Income
$51,849
Median Earnings
$1,466
Median Rent
$406,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings share one parcel, including a restaurant occupied under an existing lease.
Where is this mixed-use property located?
The property is located at 249 Rock Hill Drive Rock Hill, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two separate buildings on one property; Restaurant building occupied under an existing lease; NC zoning
