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    Property profile & analytics

    Ny-17K Bloomingburg, NY 12721

    • Land
    • 98.70 lot acres
    For Sale
    View listing
    $1,999,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ny-17K

    Lot size
    98.70 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 98.7-acre property in Bloomingburg, NY, presents a multifaceted agri-business opportunity. Located on Route 17K in Orange County, this expansive land boasts lush fields, a serene pond, and 1,932 feet of road frontage. The property includes a three-bedroom, two-bathroom single-family home and an oversized rustic barn, perfect for renovation into a warehouse or event space. Its prime location near Stewart International Airport, major roadways, and burgeoning attractions like LEGOLAND and Resorts World Casino ensures excellent accessibility and potential for high traffic. The RA zoning allows for a blend of residential and agricultural uses, opening doors to diverse ventures. Imagine cultivating hemp or other crops, establishing a farm-to-table wedding venue, creating a vineyard or distillery, or developing chic lodging units. The property's southern exposure and proximity to utility lines also make it ideal for solar farming. This unique offering presents a chance to create a thriving agri-business and contribute to the growth of Orange County's economy. The asking price is $1,999,999.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingburg
    County
    Orange
    State
    New York
    Longitude
    -74.4003
    Latitude
    41.5494

    Comparable in this City

    • Value Estimation by Request
      98.70 Acres

      450 Ny-17K

      Farms • 98.70 Acres
      450 Ny-17K, Bloomingburg, NY 12721
      View Details
    • Value Estimation
      $235,000
      1,932 SF

      9 Moriarty Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,932 SF
      9 Moriarty Rd, Bloomingburg, NY 12721-4737
      View Details
    • Value Estimation
      $290,000
      2,375 SF

      709 Bloomingburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,375 SF
      709 Bloomingburg Rd, Bloomingburg, NY 12721-2915
      View Details
    • Value Estimation
      $245,000
      1,850 SF

      434 Rte 17k

      OFFICE/RESIDENTIAL (MIXED USE) • 1,850 SF
      434 Rte 17k, Bloomingburg, NY 12721-3213
      View Details
    • Value Estimation
      $255,000
      2.00 Acres

      2885 Rte 17k

      STORE/OFFICE (MIXED USE) • 2.00 Acres
      2885 Rte 17k, Bloomingburg, NY 12721
      View Details
    • Value Estimation
      $225,000
      1,354 SF

      14 Nn Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,354 SF
      14 Nn Rd, Bloomingburg, NY 12721-4654
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      Orange County Agri-Business Land

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      98-Acre Agri-Business Opportunity

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      0.25 Acres

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    Similar Nearby for Lease

    • $11 SF/Yr

      Versatile Warehouse and Office Space

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    Ny-17K
    Bloomingburg, NY 12721
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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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