Mixed-Use Building with Retail
For Sale
$799,000
30 PRINCE ST, Monticello, NY 12701
Open retail layout includes a private office, restroom, central air, and municipal water and sewer.
Property Size5,000 SF
Price / SF$159.80
Days on Market35
Property Features for 30 PRINCE ST
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,586
Amenities
Central Air
3
10 Parking Spaces. Driveway.
Listing Agency:
Curasi Realty, Inc.
(914) 562-1292
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Xome
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 28 at 8:20PM
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 Curasi Realty, Inc.
Investment Insights
Based on property information with market context.
This 5,000-square-foot mixed-use building is currently operating as a retail business and includes an open customer area, private office, and restroom. Central air supports the interior, while municipal water and sewer serve the property. A long-term lease is in place.
The property is situated in the Village of Monticello’s Central Business District, with access to NYS Route 17 and Interstate 86 within minutes. The site includes a driveway and 10 parking spaces. Subject to municipal approvals, the building may accommodate a second floor for professional office suites, residential apartments, or additional mixed-use space.
The property is situated in the Village of Monticello’s Central Business District, with access to NYS Route 17 and Interstate 86 within minutes. The site includes a driveway and 10 parking spaces. Subject to municipal approvals, the building may accommodate a second floor for professional office suites, residential apartments, or additional mixed-use space.
Key Highlights
- 5,000‑square‑foot mixed‑use building currently operating as a retail business
- Open retail area with private office and restroom
- Central air, municipal water, and municipal sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,207,080
$1.2M
Cap Rate 7%
$862,200
$862.2K
Cap Rate 9%
$670,600
$670.6K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $18.00/SF
− Vacancy
−$3.8K −$0.76/SF
EGI
$86.2K $17.24/SF
− OpEx
−$25.9K −$5.17/SF
NOI
$60.4K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,207,080
Cap Rate 7%
$862,200
Cap Rate 9%
$670,600
Alternative Uses
Best Use
Retail
$862.2K
$754.4K – $1.01M
NOI $60,354 @ 7.0% cap · market cap 7.55%
Second Best
Mixed Use
$612.9K
$536.3K – $715.0K
NOI $42,900 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,000 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Wendy's
Dining
10,288 visits/mo
0.5 miles
Chase Bank
Shops & Services
9,819 visits/mo
0.4 miles
Dollar General
Shops & Services
6,966 visits/mo
0.3 miles
Gulf Oil
Shops & Services
5,852 visits/mo
0.1 miles
TD Bank
Shops & Services
4,723 visits/mo
0.2 miles
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open retail layout includes a private office, restroom, central air, and municipal water and sewer.
Where is this mixed-use property located?
The property is located at 30 PRINCE ST Monticello, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,000‑square‑foot mixed‑use building currently operating as a retail business; Open retail area with private office and restroom; Central air, municipal water, and municipal sewer
