Stone Ridge Retail Park
For Sale
$1,600,000
3603-3611 Main Street, Stone Ridge, NY 12484
Mixed-use property with retail, office, residential, and land.
Property Size7,028 SF
Lot Size1.60 Acres
Price / SF$227.66
Days on Market435
Property Features for 3603-3611 Main Street
General Information
Standard status
Active
Size
7,028 SF
Lot size
1.60 Acres
Property subtype
Commercial Sale / Mixed Use
Zoning
B-1, R-3
Taxes and HOA fees
Annual Taxes
$12,492
Amenities
Yes
1
3.0
3
Building Details
Year Built
1930
Listing Agency:
Halter Associates Realty
(845) 532-7119
Listed By:
Peter Cantine · License #10401312264
(845) 532-7119
Source:
Compass
Added: Jun 22, 2025
Changed: Aug 27
Last Checked: Aug 29 at 4:19PM
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 Halter Associates Realty
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Stone Ridge, NY, and features a retail park with a former meat company building, a two-story retail/office building, and a three-bedroom home. The 1.6-acre property includes a groomed, fenced outdoor common area with a pavilion and 28 parking spaces. The decommissioned meat company building is ready for its next retail use. The adjacent Picard Building offers additional retail space, a professional restaurant kitchen on the ground level, and four office suites on the second floor. A circa 1930 three-bedroom, one-bath house can serve as support space for commercial enterprises or as a residence. The property benefits from high visibility and high traffic count on Main Street, also known as US Highway 209. It is situated in an upscale enclave in the Hudson River Valley, between the Catskill Mountains and the Shawangunk Ridge, with access to natural beauty, outdoor recreational resources, arts, culture, and cuisine. The property size is 7028 square feet.
Key Highlights
- Prime 1.6‑acre property in the heart of Stone Ridge, NY, with high visibility and traffic count on Main St (US Highway 209).
- Includes a two‑story retail/office building, a 3‑bedroom house, and a groomed, fenced outdoor common area with a pavilion.
- Features 28 parking spaces.
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
$83,682
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
5.23%
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%
$1,673,640
$1.7M
Cap Rate 7%
$1,195,457
$1.2M
Cap Rate 9%
$929,800
$929.8K
Market Conditions
NOI Build-Up for 7,028 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
$126.5K $18.00/SF
− Vacancy
−$7.0K −$0.99/SF
EGI
$119.5K $17.01/SF
− OpEx
−$35.9K −$5.10/SF
NOI
$83.7K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
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%
$1,673,640
Cap Rate 7%
$1,195,457
Cap Rate 9%
$929,800
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.39M
NOI $83,682 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$1.06M
$929.0K – $1.24M
NOI $74,321 @ 7.0% cap · market cap 4.65%
Theoretical Best
Multifamily LT 5
$65.72M
$57.51M – $76.68M
NOI $4,600,693 @ 7.0% cap · market cap 287.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 8%
Home Improvements & Furnishings 8%
Exxon
Shops & Services
8,479 visits/mo
0.1 miles
Corner Store
Shops & Services
3,967 visits/mo
0.1 miles
KeyBank
Shops & Services
1,613 visits/mo
0.2 miles
Momiji
Dining
1,504 visits/mo
0.2 miles
Marbletown Tru Value Hardware
Home Improvements & Furnishings
1,492 visits/mo
0.1 miles
Demographics for 12484, NY
2,809
Population
1,479
Households
1.9
Avg Household Size
51
Median Age
63%
College-Educated
98%
High-School Grad
23.7 sq mi
ZIP Area
119
Density / Sq Mi
$116,023
Median Household Income
$51,958
Median Earnings
$1,367
Median Rent
$441,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail, office, residential, and land.
Where is this mixed-use property located?
The property is located at 3603-3611 Main Street Stone Ridge, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime 1.6‑acre property in the heart of Stone Ridge, NY, with high visibility and traffic count on Main St (US Highway 209).; Includes a two‑story retail/office building, a 3‑bedroom house, and a groomed, fenced outdoor common area with a pavilion.; Features **28 parking spaces**.
