Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1131-1145 Nys Rte Lagrangeville, NY 12540

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1131-1145 Nys Rte Lagrangeville, NY 12540

    View on Map
    • Retail properties & Spaces
    • 950 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1131-1145 Nys Rte

    Property size
    950 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This 950-square-foot medical office space is located in Lexington Park, a Class B multi-tenant retail and office center situated on NYS Route 55 in Lagrangeville, NY, 12540. The property features a gross lease structure and benefits from excellent visibility due to its location adjacent to Arlington High School. Ample on-site parking is available for tenants and their clients. The center boasts a diverse range of co-tenants, including various professional services, retail businesses, and healthcare providers, creating a vibrant and established commercial environment. Nearby amenities include popular national retailers such as Dunkin' Donuts, McDonald's, Planet Fitness, Sprint, a Mobil gas station, and a Hannaford Supermarket, ensuring convenient access for both tenants and their clientele. The property is ideally suited for a medical practice seeking a well-located and established space within a thriving commercial center. The total space available for lease within the Lexington Park complex is 2,150 square feet, with this specific unit comprising 950 square feet. This unit is part of a larger building with multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lagrangeville
    County
    Dutchess
    State
    New York
    Longitude
    -73.7991
    Latitude
    41.6719

    Comparable in this City

    • Value Estimation by Request
      4,400 SF

      2197 State Rte

      Office properties & Spaces • 4,400 SF
      2197 State Rte, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      13,000 SF

      55- Town Of Lagrange

      Distribution properties • 13,000 SF
      55- Town Of Lagrange, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      8,800 SF

      2003 Ny-82

      Day care centers • 8,800 SF
      2003 Ny-82, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      4,000 SF

      55 State Rte

      Distribution properties • 4,000 SF
      55 State Rte, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      5,672 SF

      1208-1214 State Rte

      Retail properties & Spaces • 5,672 SF
      1208-1214 State Rte, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      1,196 SF

      1631 Rte 82

      OFFICE BUILDING • 1,196 SF
      1631 Rte 82, Lagrangeville, NY 12540-6082
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,046 SF

      Sky Acres Airport Commercial Space

      Commercial space with hangars and development potential at Sky Acres Airport.
      79 Styles Way, Lagrangeville, NY 12540
      View Details
    • Contact for pricing
      Pending

      LaGrange Town Center Commercial Property

      Commercial property in prime location with multiple business opportunities.
      1081 Route 55, Lagrangeville, NY 12540
      View Details
    • $659,000

      Versatile One-Story Building For Sale

      One-story building with multiple potential uses in LaGrange.
      47 Burdick Rd, Lagrangeville, NY 12540
      View Details
    • $1,300,000

      Sky Acres Airport Aviation Opportunity

      Commercial space with hangars on 24+ acres near runway.
      79 Styles Way, Lagrangeville, NY 12540
      View Details
    • New
      $695,000
      10.00 Acres

      10 Acres Mixed Use Land

      10-acre mixed-use property in Lagrangeville, NY, potential subdivision.
      Clapp Hill Rd, Lagrangeville, NY 12540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in LaGrangeville, NY.
      1643 Route 82, Lagrangeville, NY 12540
      View Details
    • $30 SF/Yr
      1,764 SF

      Retail Space in Lagrangeville

      Retail space available for lease in Lagrangeville, New York.
      1151 Route 55, Lagrangeville, NY 12540
      View Details
    • $1,600 /Mo
      1,000 SF

      Retail Space on Route 55

      1,000 SF retail space with high visibility and parking.
      2197 Route 55, Lagrangeville, NY 12540
      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.
    1131-1145 Nys Rte
    Lagrangeville, NY 12540
    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!