Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3 Coates Dr Goshen, NY 10924
    Back to Search
    Property profile & analytics

    3 Coates Dr Goshen, NY 10924

    View on Map
    • Office Spaces
    • 19,424 SF
    • 21.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mary Graham, LCSW / Foster Care Service / Social Service Agency
    • Sherwin Robin / Foster Care Service / Social Service Agency
    • Allen L. Hershman, PHD / Physician / Medical Clinic
    • Bernstein Mark J MD / Physician
    • Dr. Martin S. Wolfson, MD / Physician

    Property Details for 3 Coates Dr

    Year built
    2001
    Lot size
    21.00 lot acres
    Property size
    19,424 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Orange County, NY office park, located at 3 Coates Drive in Goshen (zip code 10924), offers a prime opportunity for businesses seeking versatile and well-maintained space. The single, two-story building, constructed in 2001, boasts a total of 19,424 square feet, encompassing nine suites. Currently, 4,186 square feet of space is available, divisible into units ranging from a minimum of 1,806 square feet to a maximum contiguous space of 4,146 square feet. The property sits on 21 acres of land, providing ample parking for tenants and visitors. The building features a 12-foot ceiling height, ideal for various office configurations. While elevators are not present, the two-story design ensures convenient access. The property is zoned IP (Industrial Park) and benefits from its convenient location directly off Route 17, exit 124, offering easy access to Orange County Government Buildings and popular attractions like Legoland. The meticulously maintained landscaping enhances the professional image of this Class B building, making it perfect for a range of professional uses, including medical practices, financial services firms, legal offices, and government agencies. This is a rare opportunity to secure high-quality office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Orange
    State
    New York
    Longitude
    -74.3363
    Latitude
    41.3907

    Comparable in this City

    • Value Estimation by Request
      10,320 SF

      5 Coates Dr

      Medical Office Space • 10,320 SF
      5 Coates Dr, Goshen, NY 10924
      View Details
    • Value Estimation by Request
      19,454 SF

      1 Coates Dr

      Medical Office Space • 19,454 SF
      1 Coates Dr, Goshen, NY 10924
      View Details
    • Value Estimation by Request
      3,140 SF

      176 Greenwich Ave

      Medical Office Space • 3,140 SF
      176 Greenwich Ave, Goshen, NY 10924
      View Details
    • Value Estimation by Request

      1 Hatfield Ln

      Medical Office Space
      1 Hatfield Ln, Goshen, NY 10924
      View Details
    • Value Estimation
      $525,000
      67,462 SF

      2834 Rte 17m

      MEDICAL CLINIC • 67,462 SF
      2834 Rte 17m, Goshen, NY 10924-6503
      View Details
    • Value Estimation
      $2,025,000
      14,423 SF

      30 Harriman Dr

      MEDICAL CLINIC • 14,423 SF
      30 Harriman Dr, Goshen, NY 10924-2410
      View Details

    Similar Nearby for Sale

    • $5,500,000
      42,210 SF

      Goshen Office Building: Value-Add Opportunity

      High-visibility office building, strong upside potential.
      15 Matthews St, Goshen, NY 10924
      View Details
    • $888,000

      Historic Mixed-Use Property For Sale

      Charming 1800's commercial/mixed-use property with business and residential potential.
      244 Greenwich Ave, Goshen, NY 10924
      View Details
    • $378,900
      7.10 Acres

      Goshen Land: Homestead or Business

      7.1 acres in Goshen, NY, suitable for various uses.
      Old Chester & Duck Farm Rd, Goshen, NY 10924
      View Details
    • $888,000

      Historic Mixed-Use Property in Goshen

      Charming 1800s mixed-use property with business and residential potential.
      244 Greenwich Ave, Goshen, NY 10924
      View Details
    • $899,000

      Goshen Office Building with Parking

      Office property in Goshen Village with private parking lot.
      218 Main Street Ext, Goshen, NY 10924
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      42,210 SF

      Goshen Office/Retail Space

      Versatile office suites, prime location.
      15 Matthews St, Goshen, NY 10924
      View Details
    • $2,500 /Mo

      Modern Office Space in Goshen

      Versatile 1,250 sq ft office in Goshen's Business District.
      218 Main Street Ext, Goshen, NY 10924
      View Details
    • $16 SF/Yr

      Goshen Office Space Available

      Office space in Goshen, previously a pediatric doctor's office.
      1995 Route 17M, Goshen, NY 10924
      View Details
    • $6,334 /Mo

      Versatile Commercial Space in Goshen

      Adaptable space suitable for beauty suites, medical, or professional offices.
      2001 Route 17M, Goshen, NY 10924
      View Details
    • $6,000 /Mo

      Versatile Goshen Commercial Space Available

      Adaptable space suitable for beauty suites, medical, or professional offices.
      2001 Route 17M, Goshen, NY 10924
      View Details
    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.
    3 Coates Dr
    Goshen, NY 10924
    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
    3 Coates Dr, Goshen, NY, 10924
    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!