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    Route 6 Commercial Space Available Title is generated by Realmo AI

    2927 Route 6, Slate Hill, NY 10973

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    Claim this Listing
    For Lease
    $14 SF/Yr

    Office/business/retail space for lease in highly visible location.

    Type:Commercial
    Lot size:
    2.70 Acres
    Added:
    Jul 12, 2025
    Days on Market:
    331
    Last Refresh:
    May 11 at 2:00 am

    Property Features for 2927 Route 6

    General Information

    Standard status
    Active
    Lot size
    2.70 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    GEORGE K KOUDOUNAS

    Listing agent GEORGE K KOUDOUNAS

    Listing office RE/MAX BENCHMARK REALTY GROUP

    Listing date Jul 12, 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 RE/MAX BENCHMARK REALTY GROUP

    HighLights

    • Highly visible location on Route 6, close to major transportation (17M and I‑84) and shopping.
    • Flexible lease options: short or long term leases available.
    • Versatile space: 700' - 7,000' sq. ft. available, suitable for office, business, or retail.
    • Ample parking: Paved parking for up to 40 cars with additional land for expansion.
    • Multiple units possible: Building can be divided into 2 or multiple units.
    • Includes a lower level with two 8' overhead doors.

    Overview

    Available for lease is office and business space ranging from 700 to 7,000 square feet. The property is located on Route 6 in Slate Hill, just minutes from 17M. The asking price is $14 per square foot, NNN. Short or long-term leases are available. The office, business, and retail building is situated in a highly visible location. The building has a total of 7,686 square feet and can be divided into two or multiple units. Currently, there are two units on three stories, including the first and second floors, as well as an above-grade lower level with two 8-foot overhead doors. The property sits on 2.7 level acres with paved parking for up to 40 cars, and additional land is available for parking expansion if needed. It is located at a busy and convenient intersection on Route 6, close to major transportation and shopping in the area, and 2.5 miles from 17M and I-84. The property is across the street from a newer retail plaza. Natural gas is available for fuel. Cooling, heating, and lighting are available. Possible uses, subject to town approvals, include professional offices, day care, adult care, medical office, dental office, business office, architect's or engineer's office, and contractor's office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Slate Hill
    County
    Orange
    State
    New York
    Longitude
    -74.4646
    Latitude
    41.3957

    Nearby Similar for Lease

    • $2,000/Mo
      700 SF

      Slate Hill Office Space Available

      700 sq ft office space for lease on Route 6.
      2927 Route 6 #1st Floor lower R side, Slate Hill, NY 10973
      View Details
    • Contact for pricing
      925,154 SF

      Approved Warehouse Space Near I-84

      925,154 SF warehouse space approved near Interstate 84.
      22 McBride Rd, Slate Hill, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office/business/retail space for lease in highly visible location.
    Where is this office units located?
    The property is located at 2927 Route 6 Slate Hill, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Highly visible location on Route 6, close to major transportation (17M and I‑84) and shopping.; Flexible lease options: short or long term leases available.; Versatile space: **700' - 7,000' sq. ft. available**, suitable for office, business, or retail.
    (845) 565-0004
    We can help!
    Listing Contact
    GEORGE K KOUDOUNAS
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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.

    More about this property
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