Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1725 Ny-284 Slate Hill, NY 10973
    Property profile & analytics

    1725 Ny-284, Slate Hill, NY 10973

    View on Map
    • Specialty properties
    • 3,679 SF
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1725 Ny-284

    Lot size
    1.10 lot acres
    Property type
    Specialty properties
    Property subtype
    Mixed-use properties

    Description

    This 3,679 sq ft mixed-use property in Slate Hill, NY, presents a unique investment opportunity. Priced at $349,900 ($95.11/sq ft), it features a former tavern with potential for reopening, plus a 1-bedroom, 1-bathroom apartment and a 3-bedroom, 1-bathroom semi-attached house, each with separate utilities. The 1.1-acre lot is zoned AR (Agricultural Residential), allowing for diverse uses including agriculture, warehousing, restaurants, and more (with necessary approvals). The property boasts ample parking, road frontage on Route 284, and a roof approximately 3 years old. The two rental units provide steady residential income, complementing the business potential of the former tavern. Separate attached garage and other structures offer additional storage or expansion possibilities. Month-to-month lease options are available for the tenants. Seller may consider financing options. This property offers a fantastic opportunity to combine residential income generation with business profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Slate Hill
    County
    Orange
    State
    New York
    Longitude
    -74.4912
    Latitude
    41.3749

    Comparable in this City

    • Value Estimation by Request
      1,370 SF

      675-677 Ridgebury Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      675-677 Ridgebury Rd, Slate Hill, NY 10973
      View Details
    • Value Estimation by Request
      3,150 SF

      1866 Rte 284

      STORE/OFFICE (MIXED USE)
      1866 Rte 284, Slate Hill, NY 10973-4208
      View Details
    • Value Estimation
      $730,000
      9,336 SF

      2773 Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE)
      2773 Rte 6th 6, Slate Hill, NY 10973
      View Details
    • Value Estimation
      $1,085,000
      6,576 SF

      2376 Rte 6th 6

      STORE/OFFICE (MIXED USE)
      2376 Rte 6th 6, Slate Hill, NY 10973-3628
      View Details
    • Value Estimation by Request
      3,679 SF

      1725 Rte 284

      OFFICE/RESIDENTIAL (MIXED USE)
      1725 Rte 284, Slate Hill, NY 10973-4207
      View Details
    • Value Estimation
      $815,000
      4.50 Acres

      3071 Rte 6th 6

      STORE/OFFICE (MIXED USE)
      3071 Rte 6th 6, Slate Hill, NY 10973-3802
      View Details

    Similar Nearby for Sale

    • $699,900

      Wawayanda Commercial Property on 5.8 Acres

      High-visibility commercial property with 55-car parking and second-floor apartment.
      1874 Route 284, Slate Hill, NY 10973
      View Details
    • $399,900
      0.74 Acres

      Slate Hill Commercial Opportunity

      Commercial space in Slate Hill with loading dock and parking.
      2763 Route 6, Slate Hill, NY 10973
      View Details
    • $279,000
      9.90 Acres

      Slate Hill Commercial Land Available

      9.9 acres of vacant commercial property in Slate Hill, NY.
      Rt-284, Slate Hill, NY 10973
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Route 6 Commercial Space Available

      Office/business/retail space for lease in highly visible location.
      2927 Route 6, Slate Hill, NY 10973
      View Details
    • $2,000 /Mo

      Slate Hill Office Space Available

      700 sq ft office space for lease on Route 6.
      2927 Rte 6 #1, Slate Hill, NY 10973
      View Details
    • Contact for pricing
      925,154 SF

      Approved Warehouse Space Near I-84

      925,154 SF warehouse space approved near Interstate 84.
      22 Mcbride Rd, Slate Hill, NY 10973
      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.
    1725 Ny-284
    Slate Hill, NY 10973
    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
    1725 Ny-284, Slate Hill, NY, 10973
    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!