Add Listing
    For Lease
    • 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

    99-129 Hawkins Dr Montgomery, NY

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a high-traffic shopping center.

    Type:RETAIL
    Property size:
    12,000 SF
    Lot size:
    19.98 Acres
    Added:
    Oct 23, 2025
    Days on Market:
    161
    Last Refresh:
    Mar 29 at 8:26 pm

    Property Features for 99-129 Hawkins Dr

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    19.98 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 99-129 Hawkins Dr Contact us

    We can help!

    Listing Contact
    Scott Meshil
    Scott Meshil

    Listing agent Scott Meshil

    Listing office Royal Properties, Inc.

    Listing date Oct 23, 2025

    Source Moodyscre

    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 Royal Properties, Inc.

    Overview

    Neighborhood Shopping Center Space Available

    This 12,000 square foot retail space is located within a 100,125 square foot neighborhood shopping center anchored by a high-volume ShopRite. The property benefits from 536 on-site parking spaces and is easily accessible from Route 208, Route 17K, and I-84. The location is also minutes from a new million-plus square foot Amazon Distribution Center. Neighboring retailers include Walgreens, Family Dollar, Staples, Key Bank, Advance Auto, McDonald’s, Dunkin’, Burger King, Orange Bank & Trust Company, Holiday Inn Express, Hudson Valley FCU, Subway, Dollar General, State Farm, Rhinebeck Savings, and Do It Best Hardware.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.2104
    Latitude
    41.5113

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Montgomery

      Adaptable commercial space suitable for office or retail use.
      145 Charles Street unit: 1, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Commercial Office Space in Montgomery

      Prime commercial office space in the historic Village of Montgomery.
      159 Ward Street unit: 157, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Renovated Commercial Spaces in Montgomery

      Modern, move-in ready spaces ideal for retail or office use.
      2331 State Route 17K, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Renovated Commercial Spaces in Montgomery

      Modern, move-in ready commercial spaces in the heart of Montgomery.
      2331 State Route 17K, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Versatile Commercial Unit on 17K

      Adaptable commercial unit with high visibility and open floor plan.
      1 Union School Road unit: First Floor, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Commercial Sublease with Included Utilities

      Single-room commercial sublease with utilities included, ideal for professionals.
      1128 State Route 17K unit: Ste 1, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Versatile Commercial Space in Montgomery

      1250 sq ft commercial space suitable for office/retail.
      145 Charles St 1, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Versatile Commercial Unit on 17K

      Adaptable commercial unit with high visibility and open floor plan.
      1 Union School Road #First Floor, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Commercial Office Space in Montgomery

      Prime commercial office space in the historic Village of Montgomery.
      159 Ward Street #157, Montgomery, NY 12549
      View Details
    • Contact for pricing

      Professional Single-Room Commercial Sublease

      Single-room commercial sublease ideal for healthcare and professional service providers.
      1128 State Route 17K #STE 1, Montgomery, NY 12549
      View Details
    • $7/mo

      Warehouse Space Near Major Highways

      19,614 SF warehouse space with loading docks and drive-in door.
      181 Boyd Street #3, Montgomery, NY 12549
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      Retail space in the heart of Montgomery, high traffic area.
      3 Wallkill Ave, Montgomery, NY
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail space in a high-traffic shopping center.
    Where is this shopping mall located?
    The property is located at 99-129 Hawkins Dr Montgomery, NY.
    What are key features of this property?
    This property features: Anchored by High Volume ShopRite; 100,125 SF Neighborhood Shopping Center; 536 On‑Site Parking Spaces
    (914) 237-3400
    We can help!
    Listing Contact
    Scott Meshil
    Scott Meshil
    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!