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

    65 James P Kelly Way, Middletown, NY 10940

    View on Map
    Claim this Listing
    For Sale
    $350,000

    COMMERCIAL - Middletown, NY

    Lot size:
    1.42 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    64
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 65 James P Kelly Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    330900-054-000-0001-023.000-0000
    Lot size
    1.42 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7637

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jonathon Z. Lee

    Listing agent Jonathon Z. Lee

    Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY

    Listing date Mar 11, 2026

    MLS# 970556 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • C‑3 Zoning allows for any business, commercial, or residential mix‑use development.
    • High traffic location: 10,569 Annual Average Daily Traffic (AADT) in 2023.
    • 262 feet of frontage.
    • Pre‑approved building plan for a doctor's office building available.
    • City water and sewer provided.
    • C‑3 zoning allows for a 6‑story mix‑use building with proper parking.

    Overview

    This commercial land is located in Middletown, NY, and is zoned C-3, which allows for any business, commercial, or residential mixed-use development. The site has 262 feet of frontage. According to 2023 data, the Annual Average Daily Traffic (AADT) is 10,569. The city of Middletown will provide water and sewer services. The C-3 zoning permits a 6-story mixed-use business and residential building, provided that adequate parking is available. The lot size is 1.4242 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.433646
    Latitude
    41.4242946

    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
    • $3,000,000
      24,000 SF

      Iconic Brewery & Entertainment Venue

      Fully operational brewery, restaurant, and entertainment venue in Middletown, NY.
      22 Cottage 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
    • $439,990
      1,338 SF

      Middletown Two-Family Investment Opportunity

      Spacious two-family home with strong rental income potential.
      14 Bonnell 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
    • $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
    • $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
    • $2,499,900

      Hudson Valley Paving Business Opportunity

      Established paving business with 1.9-acre commercial property for sale.
      45 Webb Road, 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
    • $595,000

      Historic Tavern Restaurant Opportunity

      Turnkey restaurant in Margaretville with outdoor seating and equipment.
      746 Main St, Middletown, NY 13775
      View Details
    • $680,000

      Established Auto Repair Business Opportunity

      Turnkey auto repair business with real estate and equipment included.
      885 Main St, Middletown, NY 12455
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Middletown, NY, suitable for various business ventures.
    Where is this commercial land located?
    The property is located at 65 James P Kelly Way Middletown, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: C‑3 Zoning allows for any business, commercial, or residential mix‑use development.; High traffic location: **10,569 Annual Average Daily Traffic (AADT) in 2023.**; **262 feet of frontage.**
    (917) 747-6688
    We can help!
    Listing Contact
    Jonathon Z. Lee
    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
    65 James P Kelly Way, Middletown, NY 10940
    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!