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    6940 Us-209 Wawarsing, NY 12489
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    6940 Us-209 Wawarsing, NY 12489

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    • Mixed-use properties
    • 5.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 6940 Us-209

    Lot size
    5.10 lot acres
    Property type
    Mixed-use properties

    Description

    This unique 5.1-acre mixed-use property in Wawarsing, NY, presents a multifaceted investment opportunity. Located at 6940 US-209, Ulster County, this expansive parcel boasts over 300 feet of road frontage and is currently zoned for bus/trucking terminal use. The property includes a substantial garage measuring 36 feet wide by 60 feet long, featuring 18-foot eaves and a 25-foot high center. This garage is equipped with one 12' x 14' roll-up door and two 14' x 14' opposed roll-up doors, creating a 60-foot drive-through bay. The heavy-duty reinforced concrete floor is plumbed with 2,400 feet of radiant heat tubing and an 8-zone manifold, complemented by three floor drains connected to a 750-gallon holding tank. A 12,000 lb., 2-post vehicle lift with a 17-foot pass-through clearance and a 3-phase 120/208-volt, 200-amp service further enhance its functionality. Also on the property is an eight-room boutique motel (the Rondout Valley Motel), requiring extensive renovation, and a two-stall horse barn with fenced pastures. A manufactured home, completely renovated in 2018, adds to the property's versatility. This property offers diverse redevelopment or repurposing potential for various ventures, making it an exceptional investment at an asking price of $450,000. The property is offered in fee simple ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wawarsing
    County
    Ulster
    State
    New York
    Longitude
    -74.3468
    Latitude
    41.7634

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      7256 Rte 209

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      7256 Rte 209, Wawarsing, NY 12489-2016
      View Details
    • Value Estimation by Request
      3,526 SF

      7183 Rte 209

      STORE/OFFICE (MIXED USE) • 3,526 SF
      7183 Rte 209, Wawarsing, NY 12489
      View Details
    • Value Estimation by Request
      1,560 SF

      7173 Rte 209

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      7173 Rte 209, Wawarsing, NY 12489-2008
      View Details
    • Value Estimation by Request
      2,199 SF

      7197-7199 Rt 209

      STORE/OFFICE (MIXED USE) • 2,199 SF
      7197-7199 Rt 209, Wawarsing, NY 12489
      View Details
    • Value Estimation
      $545,000
      3,272 SF

      6872 Rte 209

      OFFICE/RESIDENTIAL (MIXED USE) • 3,272 SF
      6872 Rte 209, Wawarsing, NY 12489-2000
      View Details
    • Value Estimation by Request
      2,260 SF

      7105-7109 Rt 209

      OFFICE/RESIDENTIAL (MIXED USE) • 2,260 SF
      7105-7109 Rt 209, Wawarsing, NY 12489
      View Details

    Similar Nearby for Sale

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      Versatile Mixed-Use Commercial Opportunity

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    • $49,999
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      Turnkey Restaurant with Event Tent

      Fully equipped restaurant with high visibility and large event tent.
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    Wawarsing, NY 12489
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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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