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    Property profile & analytics

    9271 State Route 22 Hillsdale, NY 12529

    • Commercial real estate
    • 680 SF
    • 0.34 lot acres
    For Sale
    View listing
    $369,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9271 State Route 22

    Year built
    1970
    Lot size
    0.34 lot acres
    Property size
    680 SF
    Property type
    Commercial real estate

    Description

    This exceptional 680-square-foot commercial property is ideally situated at the intersection of Route 22 and Route 23 in Hillsdale, NY, a high-visibility location with significant daily traffic. The building has undergone a complete renovation, boasting a fresh, modern interior perfect for a variety of business uses. Modern amenities include all-new electrical systems and a state-of-the-art Mitsubishi Electric heating and cooling system, ensuring year-round comfort. Situated on a 0.34-acre lot, this property offers convenient access to nearby towns, including Great Barrington, MA (16 minutes away) and Hudson, NY (25 minutes away). Its proximity to the popular Catamount Mountain Resort (5-minute drive) provides additional appeal to visitors and outdoor enthusiasts. This prime commercial space presents an excellent opportunity for businesses seeking a high-traffic location with modern updates and convenient access to regional attractions. The property's strategic location and modern features make it an attractive option for retail, professional offices, or unique ventures. This is a rare opportunity to establish a business in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsdale
    County
    Columbia
    State
    New York
    Longitude
    -73.5211
    Latitude
    42.1787

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

      2638 State Rte 23

      SHOW ROOM, WAREHOUSE • 2,600 SF
      2638 State Rte 23, Hillsdale, NY 12529-6207
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    • Value Estimation
      $620,000
      5,456 SF

      9018 State Rte 22

      SHOW ROOM, WAREHOUSE • 5,456 SF
      9018 State Rte 22, Hillsdale, NY 12529-5001
      View Details
    • Value Estimation by Request
      1.80 Acres

      3 Prach Rd

      COMMERCIAL (GENERAL) • 1.80 Acres
      3 Prach Rd, Hillsdale, NY 12529-6112
      View Details
    • Value Estimation
      $630,000
      4,600 SF

      2633 State Rte 23

      SHOW ROOM, WAREHOUSE • 4,600 SF
      2633 State Rte 23, Hillsdale, NY 12529-6210
      View Details
    • Value Estimation
      $1,200,000
      7,000 SF

      32 Anthony St

      SHOW ROOM, WAREHOUSE • 7,000 SF
      32 Anthony St, Hillsdale, NY 12529-5094
      View Details
    • Value Estimation
      $530,000
      4,242 SF

      2642 State Rte 23

      SHOW ROOM, WAREHOUSE • 4,242 SF
      2642 State Rte 23, Hillsdale, NY 12529-6207
      View Details

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    9271 State Route 22
    Hillsdale, NY 12529
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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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