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    Henri Pl Monticello, NY 12701
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    Henri Pl Monticello, NY 12701

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    • Apartment buildings
    • 1,090 SF
    • 15.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Henri Pl

    Lot size
    15.12 lot acres
    Property size
    1,090 SF
    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.7005
    Latitude
    41.6595

    Comparable in this City

    • Value Estimation by Request
      8,195 SF

      808-818 State Rt 17B

      Multifamily properties • 8,195 SF
      808-818 State Rt 17B, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      1,072 SF

      73 Cp Kenny Brk Rd

      CAMPGROUND, RV PARK • 1,072 SF
      73 Cp Kenny Brk Rd, Monticello, NY 12701-4001
      View Details
    • Value Estimation
      $770,000
      6,992 SF

      218 Hilltop Rd

      CAMPGROUND, RV PARK • 6,992 SF
      218 Hilltop Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      450 SF

      24 Van Kueren Dr

      MOBILE HOME PARK, TRAILER PARK • 450 SF
      24 Van Kueren Dr, Monticello, NY 12701
      View Details
    • Value Estimation
      $625,000
      1,600 SF

      315 State Rte 17b

      MOBILE HOME PARK, TRAILER PARK • 1,600 SF
      315 State Rte 17b, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      1,200 SF

      336 State Rte 17th, Unit 394

      MOBILE HOME PARK, TRAILER PARK • 1,200 SF
      336 State Rte 17th, Monticello, NY 12701-3550
      View Details

    Similar Nearby for Sale

    • $6,999,900
      12,768 SF

      Approved Townhome Project in Monticello

      187-unit townhome complex with 8 units completed and generating income.
      530 W Broadway, Monticello, NY 12701
      View Details
    • $6,999,000
      1,090 SF

      Approved Townhome Project For Sale

      187-unit townhome complex with 8 units completed and generating income.
      Henri Pl, Monticello, NY 12701
      View Details
    • $1,099,000

      High-Income Multifamily Property For Sale

      Multifamily property with strong cash flow and upside potential.
      384-386 Broadway, Monticello, NY 12701
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    • New
      $389,000
      1.27 Acres

      Monticello Two-Family Home on Acreage

      Two-unit property on 1.27 acres near Resorts World Catskills.
      137 Pleasant Street Ext, Monticello, NY 12701
      View Details
    • $525,000
      0.70 Acres

      Monticello Multifamily Property For Sale

      Multifamily property with three renovated houses and separate utilities.
      105-107 E Cold Spring Rd, Monticello, NY 12701
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      24,150 SF

      Upscale Office Spaces in Monticello

      Private office spaces in a high-demand commercial corridor.
      456 Broadway, Monticello, NY 12701
      View Details
    • $750 /Mo

      Retail Space for Rent

      Retail space available for lease in Monticello, NY.
      456 Broadway 305, Monticello, NY 12701
      View Details
    • $675 /Mo

      Retail Space for Rent

      Retail space available for lease in Monticello, NY.
      456 Broadway 309, Monticello, NY 12701
      View Details
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    Henri Pl
    Monticello, NY 12701
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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.

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