Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    593 Route 211 Middletown, NY 10941

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $985,000

    Prime commercial property on Route 211 with high traffic.

    Added:
    Jun 6, 2025
    Days on Market:
    316
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 593 Route 211

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    MARIA SAIRRINO

    Listing agent MARIA SAIRRINO

    Listing office CRONIN & COMPANY REAL ESTATE

    Listing date Jun 6, 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 CRONIN & COMPANY REAL ESTATE

    Overview

    High-Visibility Office Building For Sale

    This brick office building is located on Route 211 East, which sees over 35,000 vehicles daily. The upper level, previously utilized as an insurance office, comprises a reception area, four offices, and a restroom. The interior benefits from ample natural light and features soundproof windows and walls. A tenant on the lower level operates a successful business, which can help offset expenses. The location is near dining, shopping, and essential services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Walmart Home Theater Installation — 470 NY-211, Middletown, NY 10940
    • DJ TONEY B. PRODUCTION — 14 Bonnie Brae Dr, Middletown, NY 10941

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.4583
    Latitude
    41.4701

    Nearby Similar for Sale

    • $799,000

      Versatile Industrial Shell in Middletown

      Industrial space with high power, flexible zoning, and great location.
      8 John Street, Middletown, NY 10940
      View Details
    • $880,000

      Middletown Commercial Space For Sale

      High-visibility commercial space suitable for retail, medical, or financial use.
      357 E Main Street, Middletown, NY 10940
      View Details
    • $3,000,000

      Iconic Brewery & Entertainment Venue

      Fully operational brewery, restaurant, and entertainment venue in Middletown, NY.
      22 Cottage Street, Middletown, NY 10940
      View Details
    • $400,000

      Middletown Commercial Building For Sale

      Commercial building in downtown Middletown, NY, with development potential.
      26, 28 Robert Street, Middletown, NY 10940
      View Details
    • $410,000

      Middletown Multifamily Income Opportunity

      Legal two-family home, perfect for owner-occupant or investment.
      41 Monhagen Avenue, Middletown, NY 10940
      View Details
    • $399,900

      Middletown Multi-Family Investment Opportunity

      Spacious duplex with income potential near Middletown's amenities.
      54 Ogden Street, Middletown, NY 10940
      View Details
    • $625,000

      Oversized Colonial Multi-Family Home

      Renovated Middletown multi-family home with modern amenities and ample space.
      128 W Main Street, Middletown, NY 10940
      View Details
    • $1,590,000
      5,600 SF

      Historic Restored Multi-Family Investment Property

      Fully renovated 4-unit property with 5 rentable garages in Scotchtown, NY.
      375 Blumel, Middletown, NY 10941
      View Details
    • $3,500,000

      Middletown Mixed-Use Warehouse Compound

      44000SF mixed-use warehouse on 1.4 acres with multiple entrances.
      14-20 Cottage Street, Middletown, NY 10940
      View Details
    • $799,999
      13,000 SF

      Middletown Commercial Building For Sale

      Highly visible building in Middletown, suitable for retail or warehouse.
      40 Dolson Avenue, Middletown, NY 10940
      View Details
    • $2,555,000

      Mixed-Use Building in Downtown Middletown

      Updated mixed-use building with apartments and retail in downtown Middletown.
      104 North Street, Middletown, NY 10940
      View Details
    • $700,000
      3,600 SF

      Office Building on Large Lot

      3600 sqft office building on 3-acre lot for sale.
      39 Bloomingburg Rd, Middletown, NY 10940
      View Details

    FAQs

    What type of property is this?
    Office property - Prime commercial property on Route 211 with high traffic.
    Where is this office property located?
    The property is located at 593 Route 211 Middletown, NY.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: High‑visibility location on Route 211 East with over 35,000 vehicles passing daily.; Existing tenant on the lower level provides income to offset expenses.; Upper level features a reception area, four offices, and a restroom.
    (845) 744-6275
    We can help!
    Listing Contact
    MARIA SAIRRINO
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!