Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Monroe Commercial Parking Lot Lease Title is generated by Realmo AI

    320 State Route 17M Parking Lot, Monroe, NY 10950

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr $83,333/Mo (calc)

    Paved parking lot for lease near Route 17M and I-87.

    Type:Commercial
    Property size:
    40,000 SF
    Added:
    Apr 24, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 24 at 6:08 pm

    Property Features for 320 State Route 17M Parking Lot

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Vincent Reda
    Vincent Reda

    Listing agent Vincent Reda License #10401254733

    Listing office Keller Williams Realty

    Listing date Apr 24, 2026

    Source Elliman

    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 Keller Williams Realty

    HighLights

    • Large paved area: Approximately 36,000 - 40,000 sqft with 75+ parking spots.
    • Strategic location: Just off Route 17M and minutes from Interstate 87 (NYS Thruway).
    • Flexible zoning: Zoned GB for various business uses.
    • Ideal for commercial use: Previously used for bus storage, suitable for fleet parking, contractor staging, or logistics.
    • Excellent regional access: Provides access throughout Orange County and beyond.
    • Easy ingress/egress: Designed for convenient access.

    Overview

    This commercial parking lot for lease in the Town of Monroe offers approximately 36,000 to 40,000 square feet of paved space. The lot includes over 75 parking spots. Previously used for bus storage, it is suitable for fleet parking, contractor staging, logistics, or other commercial uses. The property is conveniently located just off Route 17M and minutes from Interstate 87 (NYS Thruway), providing regional access throughout Orange County and beyond. Zoned GB for flexible business use, the site features easy ingress and egress, strong accessibility, and a strategic location near major transportation corridors. This location is ideal for businesses seeking secure, high-capacity outdoor parking or storage space. The bike score is 16, indicating it is somewhat bikeable, while the walk score is 0, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    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.

    Similar Places Nearby

    • Enterprise Rent-A-Car — 97 NY-17M, Harriman, NY 10926
    • U-Haul Neighborhood Dealer — 87 NY-17M, Harriman, NY 10926
    • A&B Complete Automotive Service — 87 NY-17M, Harriman, NY 10926
    • Budget Truck Rental — 214 nininger rd, monroe, ny 10950

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.1640208
    Latitude
    41.3149396

    Nearby Similar for Lease

    • $5,500/Mo

      Storefront in High-Traffic Monroe Location

      First-floor storefront in the heart of Monroe, New York.
      13 Lake Street, Monroe, NY 10950
      View Details
    • $21 SF/Yr
      4,453 SF

      Versatile Commercial Space on Route 17M

      Spacious 4453 SF commercial space with excellent visibility and access.
      330 Stage Rd A, Monroe, NY 10950
      View Details
    • $35 SF/Yr

      Historic Landmark Ready for Lease

      Restored 1903 landmark ideal for hospitality or dining.
      236 High Street, Monroe, NY 10950
      View Details
    • $18 SF/Yr

      Warehouse Space in Desirable Location

      Warehouse space for storage, distribution, and commercial uses.
      66 Mangin Road, Monroe, NY 10950
      View Details
    • $25 SF/Yr
      2,750 SF

      Versatile Commercial Garage Space Available

      2,750 SF commercial space with office in Monroe, NY.
      8 State Route 17M, Monroe, NY 10950
      View Details
    • $25 SF/Yr
      2,750 SF

      Versatile Commercial Space for Rent

      2,750 SF commercial space with excellent regional access.
      320 State Route 17M, Monroe, NY 10950
      View Details
    • $6,000/Mo
      2,076 SF

      Versatile Commercial Space for Rent

      Spacious commercial space with high visibility and flexible build-out options.
      330 Stage Road #B, Monroe, NY 10950
      View Details
    • $21 SF/Yr
      4,453 SF

      Versatile Commercial Space for Rent

      Spacious commercial space with high visibility and flexible build-out options.
      330 Stage Road #A, Monroe, NY 10950
      View Details
    • $2,950/Mo
      1,300 SF

      Modern Office Suite For Rent

      1,300 sq ft suite in a multi-purpose building.
      520 State Route 17m, Monroe, NY, 10950-3455
      View Details
    • $2,000/Mo

      Retail Space in Monroe Village

      Retail space in the heart of Monroe, high visibility.
      6 Lk 6, Monroe, NY 10950
      View Details
    • $1,100/Mo

      Monroe Village Office Space

      Second-floor office space in the heart of Monroe village.
      2 Lakes Rd Suite #8, Monroe, NY 10950
      View Details
    • $5,500/Mo

      Storefront in High-Traffic Location

      First floor storefront in the heart of Monroe, NY.
      13 Lake Street #AB, Monroe, NY 10950
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Paved parking lot for lease near Route 17M and I-87.
    Where is this parking lot & garage located?
    The property is located at 320 State Route 17M Parking Lot Monroe, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Large paved area: Approximately 36,000 - 40,000 sqft with 75+ parking spots.; Strategic location: Just off Route 17M and minutes from Interstate 87 (NYS Thruway).; Flexible zoning: Zoned GB for various business uses.
    (845) 321-0248
    We can help!
    Listing Contact
    Vincent Reda
    Vincent Reda
    Real Estate License ID: 10401254733
    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
    320 State Route 17M Parking Lot, Monroe, NY 10950
    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!