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    State Route 209 Westbrookville, NY 12729
    Property profile & analytics

    State Route 209 Westbrookville, NY 12729

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    • Mixed-use properties
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for State Route 209

    Property type
    Mixed-use properties

    Description

    This Westbrookville, NY commercial property, located on State Route 209, presents a unique investment opportunity. Priced at $200,000, this mixed-use building offers significant potential for renovation and redevelopment. Currently requiring substantial updates and repairs, the property is being sold "As-Is." The structure itself is sound, providing a solid foundation for a future business venture. A new roof is needed, and prospective buyers should be prepared for extensive renovations. The building's size is not currently specified, and information regarding the building area is sourced from public records. The property's classification is listed as "Other" in terms of business type. This presents a blank canvas for an investor or business owner with a vision to create a thriving commercial space. Access to the property is strictly by appointment only, and climbing on the building is strictly prohibited. This is an excellent chance to acquire a commercial property in a desirable location, ready for a complete transformation to suit a variety of business needs. The property's location on State Route 209 offers high visibility and accessibility. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westbrookville
    County
    Orange
    State
    New York
    Longitude
    -74.561
    Latitude
    41.5005

    Comparable in this City

    • Value Estimation by Request
      3,264 SF

      State Route 209

      Mixed-use properties • 3,264 SF
      State Route 209, Westbrookville, NY 12729
      View Details
    • Value Estimation
      $1,030,000
      8,140 SF

      1015 Us Rte 209

      STORE/OFFICE (MIXED USE) • 8,140 SF
      1015 Us Rte 209, Cuddebackville, NY 12729-5031
      View Details
    • Value Estimation by Request
      83.70 Acres

      231 State Rte 211

      PROFESSIONAL CLUBS/ASSOCIATIONS • 83.70 Acres
      231 State Rte 211, Cuddebackville, NY 12729-5430
      View Details
    • Value Estimation by Request
      3,264 SF

      1045 Us Rte 209

      SHOW ROOM, WAREHOUSE • 3,264 SF
      1045 Us Rte 209, Cuddebackville, NY 12729
      View Details
    • Value Estimation by Request
      157.00 Acres

      1149 Us Rte 209

      PROFESSIONAL CLUBS/ASSOCIATIONS • 157.00 Acres
      1149 Us Rte 209, Cuddebackville, NY 12729
      View Details
    • Value Estimation
      $1,005,000
      1,972 SF

      108 Guymard Tpke

      CAMPGROUND, RV PARK • 1,972 SF
      108 Guymard Tpke, Godeffroy, NY 12729-2004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Route 209

      Commercial land available on Route 209 with road frontage.
      1501 Us Route 209, Cuddebackville, NY 12729
      View Details
    • $149,000

      Commercial Building on Three-Way Intersection

      Commercial building suitable for various uses, zoned C-2.
      1045 Rte 209, Cuddebackville, NY 12729
      View Details
    • Contact for pricing

      Land on Route 209

      Land with frontage on Route 209, near Route 17.
      1501 Us Route 209, Cuddebackville, NY 12729
      View Details
    • $51,500
      7.90 Acres

      Wooded Lot in Cuddebackville, NY

      7.9-acre wooded lot in a desirable, private location.
      1304 Us Route 209, Cuddebackville, NY 12729
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Route 211 Retail/Service Space

      Turnkey hair/nail salon or adaptable commercial space for lease.
      37 State Route 211, Cuddebackville, NY 12729
      View Details
    • $750 /Mo
      56,628 SF

      Route 211 Retail Opportunity

      Turnkey retail/service space on Route 211 in Cuddebackville, NY.
      37 State Route 211, Cuddebackville, NY 12729
      View Details
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    State Route 209
    Westbrookville, NY 12729
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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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    State Route 209, Westbrookville, NY, 12729
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