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

    243 Vineyard Ave Highland, NY 12528

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    70 acre parcel with buildings near Highland village.

    Type:Land, Mixed Use, Multifamily
    Lot size:
    70.00 Acres
    Added:
    Sep 16, 2024
    Days on Market:
    580
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 243 Vineyard Ave

    General Information

    Standard status
    Active
    Lot size
    70.00 Acres
    Property subtype
    Land, Mixed Use, Multifamily

    We can help!

    Listing Contact
    John Quinn

    Listing agent John Quinn License #NY 10311203141

    Listing office Quinn Realty Group

    Listing date Sep 16, 2024

    Source Crexi

    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 Quinn Realty Group

    Overview

    70 Acre Highland Parcel

    This 70-acre parcel is located just outside the village of Highland. The property includes three farm worker units, one vacant house, a large steel building with high ceilings and oversized garage doors, and a barn. It may be used as a farm or subdivided. The location offers convenient access to Metro North, the NYS Thruway, Mohonk Mountains, and the Hudson Valley Rail Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Ulster
    State
    New York
    Longitude
    -73.9801856
    Latitude
    41.704477

    Nearby Similar for Sale

    • $680,000

      Spacious Duplex with Creek Views

      Comfortable duplex in Highland, NY with investment potential.
      196 Vineyard Avenue, Highland, NY 12528
      View Details
    • $100,000

      Highland Land Development Opportunity

      Prime land on Route 9W, Highland, with development potential.
      3550 Us Highway 9W, Highland, NY 12528
      View Details
    • $499,000
      1,700 SF

      Renovated Commercial Property in Highland, NY

      Versatile commercial property with high visibility and modern updates.
      557 Route 44/55, Highland, NY 12528
      View Details
    • $499,000

      Renovated Commercial Property in Highland, NY

      Renovated commercial property with high visibility and versatile potential.
      557 Route 44-55, Highland, NY 12528
      View Details
    • $199,000

      Commercially Zoned Land on Route 299

      Vacant land parcel on a highly visible, traveled corridor.
      Rt 299, Highland, NY 12528
      View Details
    • $179,000

      Wooded Land with View Potential

      3-acre wooded flag lot near NYC trains and parks.
      U.S. 44 / Vineyard Ave., Highland, NY 12528
      View Details
    • $480,000

      Highway Frontage Land Parcel

      Land parcel with highway frontage in thriving area.
      3748 US Highway 9W, Highland, NY 12528
      View Details
    • $975,000
      7,362 SF

      Highland Commercial Building For Sale

      Commercial building in Highland, NY, currently set up for brewery.
      17 Milton Ave, Highland, NY 12528
      View Details
    • $225,000
      1,392 SF

      High Traffic Area Investment Property

      Investment opportunity in high traffic area, suitable for office.
      3523 Us-9w, Highland, NY 12528
      View Details
    • $100,000

      Highland Development Opportunity on 9W

      Prime commercial land for development with high visibility and accessibility.
      3550 Us Highway 9W, Highland, NY 12528
      View Details
    • $100,000

      Highland Development Opportunity on 9W

      Prime land for development with high visibility and accessibility.
      3550 Us Highway 9w, Highland, NY 12528
      View Details
    • $500,000

      Highland Mixed-Use Opportunity

      Mixed-use property with commercial space and residential units.
      24-28 Vineyard Ave, Highland, NY 12528
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 70 acre parcel with buildings near Highland village.
    Where is this agricultural land / farmland located?
    The property is located at 243 Vineyard Ave Highland, NY.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Large 70‑acre parcel, suitable for farming or subdivision.; Includes a very large steel building with high ceilings and oversized garage doors, plus a barn.; Features 3 farm worker units and 1 vacant house.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Quinn
    Real Estate License ID: NY 10311203141
    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!