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    Property profile & analytics

    2841 Ny-17M New Hampton, NY 10958

    • Retail properties
    • 3,144 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Boutique / Women'S Clothing Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 2841 Ny-17M

    Year built
    1860
    Lot size
    2.80 lot acres
    Property size
    3,144 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hampton
    County
    Orange
    State
    New York
    Longitude
    -74.3983
    Latitude
    41.4049

    Comparable in this City

    • Value Estimation by Request
      5,060 SF

      4925 Ny-17M

      Individual retail properties • 5,060 SF
      4925 Ny-17M, New Hampton, NY 10958
      View Details
    • Value Estimation
      $335,000
      2,059 SF

      5050 Rte 17m

      RETAIL STORES (PERSONAL SERVICES) • 2,059 SF
      5050 Rte 17m, New Hampton, NY 10958-4808
      View Details
    • Value Estimation
      $300,000
      5,198 SF

      6 Bates Gates Rd

      SHOW ROOM, WAREHOUSE • 5,198 SF
      6 Bates Gates Rd, New Hampton, NY 10958-3309
      View Details
    • Value Estimation
      $195,000
      2,880 SF

      349 Maple Ave

      AUTO REPAIR, GARAGE • 2,880 SF
      349 Maple Ave, New Hampton, NY 10958-2113
      View Details
    • Value Estimation
      $355,000
      3,496 SF

      4932 Rte 17m

      GAS STATION • 3,496 SF
      4932 Rte 17m, New Hampton, NY 10958-4818
      View Details
    • Value Estimation
      $390,000
      15,200 SF

      2 Cannon Hl Dr

      AUTO REPAIR, GARAGE • 15,200 SF
      2 Cannon Hl Dr, New Hampton, NY 10958-4824
      View Details

    Similar Nearby for Sale

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      Goshen Land Near Legoland

      Corner lot near Legoland, suitable for gas/retail development.
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      Four-Unit Multifamily Property in New Hampton

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    • $100,000
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      Land For Sale, New Hampton

      Land available in a quiet cul de sac.
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      Land on High Traffic Roadway

      Land with easy access to major interstates.
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      Residential Lot in New Hampton

      0.26-acre residential lot with road access in Orange County, NY.
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    Similar Nearby for Lease

    • $6,000 /Mo
      3,496 SF

      Middletown Retail Space For Lease

      Retail space with drive-thru, counter, and table service available for lease.
      4932 Route 17M, Middletown, NY 10958
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    • $3,500 /Mo
      148,104 SF

      New Hampton Commercial Property For Rent

      Commercial property in New Hampton, NY, suitable for farm-related use.
      11 Old Celery Ave, New Hampton, NY 10958
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    • $3,000 /Mo
      78,408 SF

      Professional Office Space For Rent

      Office space on busy corridor between Goshen and Middletown, NY.
      2713 Route 17M, New Hampton, NY 10958
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    • $600 /Mo
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      Professional Office Space Available

      Office space for accounting, engineer/architect, legal or mental health.
      2713 Route 17M, New Hampton, NY 10958
      View Details
    • New
      $2,500 /Mo
      8,712 SF

      Modern Office Building For Rent

      Renovated office building near I-84, suitable for professional use.
      5063 Route 17M, Middletown, NY 10958
      View Details
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    2841 Ny-17M
    New Hampton, NY 10958
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    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
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