Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Homestead Ave Maybrook, NY 12543
    Property profile & analytics

    Homestead Ave Maybrook, NY 12543

    View on Map
    • Land
    • 2,513,412 SF
    • 57.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Homestead Ave

    Lot size
    57.70 lot acres
    Property size
    2,513,412 SF
    Property type
    Land

    Description

    This exceptional 57.7-acre property presents a unique development opportunity in the historic village of Maybrook, New York. Comprising two parcels – a 19.6-acre section in the Town of Montgomery and a 42.8-acre section in the Village of Maybrook – this land boasts a diverse landscape featuring sparsely to deeply wooded areas with mature trees and attractive rock walls. Partial scenic views are visible from the higher elevations. The property benefits from convenient access to essential utilities, including natural gas, municipal water and sewer, cable, and electricity, all readily available at the site's edge. Subdivision approvals are anticipated within months, paving the way for a 63-lot cluster subdivision. Strategically located less than two miles from I-84 and under five miles from I-87, this location offers easy access to major transportation arteries. The property is also minutes away from the Campbell Hall train station, providing a convenient commute to New York City (less than 1.5 hours). An optional purchase includes a 3,500+ square foot historic home (built in 1780) situated at 711 Homestead Avenue, presenting a potential clubhouse, event center, or community amenity for the subdivision. This presents an excellent long-term investment prospect for developers seeking a prime location and significant development potential. The total square footage of the land is 2,513,412 square feet. The asking price for this exceptional property is $1,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maybrook
    County
    36071
    State
    New York
    Longitude
    -74.2126
    Latitude
    41.491

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Prince St Ns

      INDUSTRIAL - VACANT LAND • 0.17 Acres
      Prince St Ns, Maybrook, NY 12543
      View Details
    • Value Estimation by Request
      0.31 Acres

      William St Ss

      INDUSTRIAL - VACANT LAND • 0.31 Acres
      William St Ss, Maybrook, NY 12543
      View Details
    • Value Estimation by Request
      39.70 Acres

      Barron Rd

      INDUSTRIAL - VACANT LAND • 39.70 Acres
      Barron Rd, Maybrook, NY 12543
      View Details
    • Value Estimation by Request
      0.41 Acres

      106 Main St

      VACANT COMMERCIAL LAND • 0.41 Acres
      106 Main St, Maybrook, NY 12543-1405
      View Details
    • Value Estimation by Request
      7.40 Acres

      Main E St

      INDUSTRIAL - VACANT LAND • 7.40 Acres
      Main E St, Maybrook, NY 12543
      View Details
    • Value Estimation by Request
      11.60 Acres

      Wiley St

      INDUSTRIAL - VACANT LAND • 11.60 Acres
      Wiley St, Maybrook, NY 12543
      View Details

    Similar Nearby for Sale

    • $199,900

      Turn-Key Ice Cream Business Opportunity

      Established ice cream business for sale on high-traffic road.
      71 Homestead Ave, Maybrook, NY 12543
      View Details
    • $325,000

      Highly Visible Commercial Building

      Well-maintained commercial building with ample parking and convenient location.
      201 Homestead Ave, Maybrook, NY 12543
      View Details
    • $199,900
      0.06 Acres

      Turn-Key Ice Cream Business

      Turn-key ice cream business with real estate on high-traffic road.
      71 Homestead Ave, Maybrook, NY 12543
      View Details
    • Contact for pricing
      Pending

      Maybrook Townhome with Three Bedrooms

      Three-bedroom townhome in Maybrook, NY, Country Club Heights.
      217 Blake Rd, Maybrook, NY 12543
      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.
    Homestead Ave
    Maybrook, NY 12543
    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

    Thank You for Inquiry
    Homestead Ave, Maybrook, NY, 12543
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!