Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    530 Broadway Monticello, NY 12701
    Back to Search
    Property profile & analytics

    530 Broadway Monticello, NY 12701

    View on Map
    • Commercial real estate
    • 12,768 SF
    • 15.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 530 Broadway

    Year built
    2023
    Lot size
    15.12 lot acres
    Property size
    12,768 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully approved, shovel-ready development project in Monticello, NY. Situated on a sprawling 15.12-acre lot, this prime location offers 12,768 square feet of buildable space for a planned 187-unit townhome complex. Eight units are already completed, leased, and generating immediate income, providing a strong foundation for future growth. The remaining 179 units are ready for construction, offering significant potential for substantial returns. Currently designed as a high-end luxury rental project, the development can be easily adapted to individually owned townhomes, catering to diverse market demands. Each unit boasts a modern three-level design, incorporating garages and a thoughtful layout maximizing natural light and functional flow. Extensive infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, allowing for immediate building permit acquisition. This project addresses the critical need for housing in a rapidly expanding region, offering a lucrative opportunity for investors. Its strategic location near Highway 17/86, Bethel Woods, Resorts World Catskills, and the revitalized downtown Monticello provides exceptional accessibility and proximity to key attractions. Breathtaking Catskill Mountain views further enhance the desirability of this unique development. Don't miss this chance to capitalize on a truly exceptional investment.

    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
    Monticello
    County
    Sullivan County
    State
    New York
    Longitude
    -74.6966
    Latitude
    41.6575

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Cold Spg Rd

      COMMERCIAL (GENERAL) • 0.08 Acres
      Cold Spg Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      3.17 Acres

      Murran Rd

      COMMERCIAL (GENERAL) • 3.17 Acres
      Murran Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      1.22 Acres

      Richardson Ave

      COMMERCIAL (GENERAL) • 1.22 Acres
      Richardson Ave, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      17.94 Acres

      585 Maplewood Rd

      COMMERCIAL (GENERAL) • 17.94 Acres
      585 Maplewood Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      900 SF

      258 Lk Shr Dr

      COMMERCIAL (GENERAL) • 900 SF
      258 Lk Shr Dr, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      2.01 Acres

      588 State Rte 17b

      COMMERCIAL (GENERAL) • 2.01 Acres
      588 State Rte 17b, Monticello, NY 12701-3556
      View Details

    Similar Nearby for Sale

    • $3,600,000
      121,000 SF

      Monticello Industrial Land - Approved!

      6.9-acre site, 121,000 sqft building approved.
      86 Jefferson St, Monticello, NY 12701
      View Details
    • $529,000
      4,358 SF

      Monticello Mixed-Use Investment Opportunity

      Turnkey 2-family, commercial space, great location.
      84 Cimarron Rd, Monticello, NY 12701
      View Details
    • $950,000
      6,390 SF

      Monticello Retail Building - Prime Location

      High-traffic retail space, fully occupied.
      366 Broadway, Monticello, NY 12701
      View Details
    • $630,000
      4,195 SF

      Monticello Multi-Family Commercial Property

      Multi-family and commercial property on over 6 acres.
      135-149 Wildcat Rd, Monticello, NY 12701
      View Details
    • $460,000
      6,922 SF

      Four-Unit Building on Broadway

      Four-unit building in Monticello with long-term tenants and vacant spaces.
      485 Broadway, Monticello, NY 12701
      View Details

    Similar Nearby for Lease

    • $775 /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
    • New
      $675 /Mo
      24,150 SF

      Upscale Office Spaces in Monticello

      Private office spaces in a restored building near major highways.
      456 Broadway, Monticello, NY 12701
      View Details
    • New
      $500 /Mo
      24,150 SF

      Restored Office Spaces in Monticello

      Private office spaces in a high-demand commercial corridor.
      456 Broadway, Monticello, NY 12701
      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.
    530 Broadway
    Monticello, NY 12701
    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
    530 Broadway, Monticello, NY, 12701
    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!