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    11051 Rte Coxsackie, NY 12051
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    11051 Rte Coxsackie, NY 12051

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    • Retail properties & Spaces
    • 1,344 SF
    • 2.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 11051 Rte

    Year built
    1992
    Lot size
    2.07 lot acres
    Property size
    1,344 SF
    Property type
    Retail properties & Spaces

    Description

    This thriving Coxsackie, NY business is offered at $749,000. The 1,344 square foot building, constructed in 1992, sits on a 2.07-acre lot (APN: 36039192889 70.00-4-4.1) and is zoned for commercial use (05-Commercial). The single-story structure includes a kitchen, private restrooms, and a deck. All ice cream and mini-golf equipment is included in the sale price. This well-maintained property boasts a convenient location near amenities, schools, and major transportation routes, including easy access to the New York State Thruway. The business has been a community staple for years, presenting a strong opportunity for new ownership. Building features include a kitchen, private restrooms, and a deck. The sale includes all ice cream equipment and mini-golf equipment. This is a turnkey operation ready for a new owner to continue its success. The property's book information is: Liber/Book: 2018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coxsackie
    County
    Greene
    State
    New York
    Longitude
    -73.8492
    Latitude
    42.3375

    Comparable in this City

    • Value Estimation by Request
      660 SF

      126 Mansion St

      STORE/OFFICE (MIXED USE) • 660 SF
      126 Mansion St, Coxsackie, NY 12051-1005
      View Details
    • Value Estimation by Request
      2,948 SF

      228 Mansion St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,948 SF
      228 Mansion St, Coxsackie, NY 12051-1630
      View Details
    • Value Estimation by Request
      2,408 SF

      250 Mansion St

      STORE/OFFICE (MIXED USE) • 2,408 SF
      250 Mansion St, Coxsackie, NY 12051-1605
      View Details
    • Value Estimation by Request
      1,980 SF

      255 Mansion St

      STORE/OFFICE (MIXED USE) • 1,980 SF
      255 Mansion St, Coxsackie, NY 12051-1608
      View Details
    • Value Estimation by Request
      3,328 SF

      9 Mansion St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,328 SF
      9 Mansion St, Coxsackie, NY 12051-1204
      View Details
    • Value Estimation by Request
      5,660 SF

      45 Reed St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,660 SF
      45 Reed St, Coxsackie, NY 12051-1250
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,344 SF

      Ice Cream Destination with Mini-Golf

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      View Details
    • Contact for pricing
      1,344 SF

      Ice Cream Destination with Mini-Golf

      Fully equipped ice cream business with mini-golf on 2.07 acres.
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      Ice Cream Business with Mini-Golf

      Ready-to-operate ice cream destination with mini-golf on 2.07 acres.
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      Vacant Lot Hudson River Views

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    Coxsackie, NY 12051
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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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