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    Property profile & analytics

    Rte Ravena, NY 12143

    • Mixed-use properties
    • 13,648 SF
    • 1.92 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for Rte

    Year built
    1950
    Lot size
    1.92 lot acres
    Property size
    13,648 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. The 13,648 square foot building sits on a spacious 1.92-acre lot, offering ample parking for approximately 100 vehicles or more. The property boasts five fully renovated apartments, each featuring new appliances and hardwood floors. A significant advantage is the brand new roof, minimizing immediate maintenance concerns. Income generation is diversified across multiple tenants. A warehouse space is currently leased, equipped with convenient two-door loading docks. A vintage store occupies a portion of the building, enjoying a long-term lease exceeding nine years. Further income is derived from a car dealership leasing office space and utilizing a portion of the expansive side lot. The property's high occupancy rate and diverse tenant base contribute to a strong 4% cap rate, making it an attractive investment for those seeking stable returns. The substantial lot size and existing infrastructure provide potential for future expansion or redevelopment, adding to its long-term value. This property offers a rare blend of established income and significant growth potential in a desirable location. The combination of residential, commercial, and warehouse space makes this a truly unique and lucrative investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ravena
    County
    Albany
    State
    New York
    Longitude
    -73.828
    Latitude
    42.4772

    Comparable in this City

    • Value Estimation by Request
      1.92 Acres

      2530-2534 9W

      Mixed-use properties • 1.92 Acres
      2530-2534 9W, Ravena, NY 12143
      View Details
    • Value Estimation by Request
      13,648 SF

      2530-2534 9W Rte

      Mixed-use properties • 13,648 SF
      2530-2534 9W Rte, Ravena, NY 12143
      View Details
    • Value Estimation
      $195,000
      1,600 SF

      152 Main St

      STORE/OFFICE (MIXED USE) • 1,600 SF
      152 Main St, Ravena, NY 12143-1111
      View Details
    • Value Estimation
      $170,000
      8,831 SF

      212226 Tracy Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 8,831 SF
      212226 Tracy Rd, Ravena, NY 12143
      View Details
    • Value Estimation
      $210,000
      2,382 SF

      9-11 Clifford St

      STORE/OFFICE (MIXED USE) • 2,382 SF
      9-11 Clifford St, Ravena, NY 12143
      View Details
    • Value Estimation
      $195,000
      1,989 SF

      49 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,989 SF
      49 Main St, Ravena, NY 12143-1926
      View Details

    Similar Nearby for Sale

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    • $1,500,000
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      Ravena Mixed-Use Investment Opportunity

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    • $1,500,000
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      Ravena Mixed-Use Investment Opportunity

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    • $325,000

      Waterfront Land with Recreational Potential

      Land with over 3,000 feet of Hannacroix Creek frontage.
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      Level Lot in Ravena Village

      Level 0.32 acre lot with utilities available and flexible zoning.
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    • New
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    Ravena, NY 12143
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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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