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    Property profile & analytics

    Bridge St Montgomery, NY 12575

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

    Current Use by Public Records

    • Mixed-use properties

    Property Details for Bridge St

    Property type
    Mixed-use properties

    Description

    This exceptional 6-acre commercial property in Montgomery, NY, presents a remarkable investment opportunity. Located on a signalized corner with unparalleled visibility, this site boasts an enviable position almost directly across from Amazon's new 1,000,000 square foot facility. The property enjoys excellent access to major transportation arteries, including NYS Route 17K, Stone Castle Road, and Route 747, providing direct connection to I-84. With significant road frontage – 310 feet on Route 17K and 604 feet on Stone Castle Road – this location offers maximum exposure for any business. A proposed 60,000 square foot warehouse facility is a possibility, but the property's versatility allows for a wide range of uses, including retail establishments, banking institutions, gas stations, and car dealerships. The expansive space and high-traffic location make this an ideal site for a business seeking significant visibility and accessibility. All development is subject to obtaining necessary state and town approvals. This is a rare opportunity to acquire a strategically located commercial property with immense potential for growth and profitability. The asking price is $1,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.2383
    Latitude
    41.5288

    Comparable in this City

    • Value Estimation
      $235,000
      984 SF

      455 State Rte 17k

      STORE/OFFICE (MIXED USE) • 984 SF
      455 State Rte 17k, Rock Tavern, NY 12575-5011
      View Details
    • Value Estimation
      $345,000
      2,196 SF

      642 International Blvd

      STORE/OFFICE (MIXED USE) • 2,196 SF
      642 International Blvd, Rock Tavern, NY 12575-5148
      View Details
    • Value Estimation
      $290,000
      4,417 SF

      37 Maple Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,417 SF
      37 Maple Ave, Rock Tavern, NY 12575-5008
      View Details
    • Value Estimation
      $250,000
      0.51 Acres

      Rt 207

      RADIO OR TV STATION • 0.51 Acres
      Rt 207, Rock Tavern, NY 12575
      View Details
    • Value Estimation
      $275,000
      0.69 Acres

      1964 Little Britain Rd

      OFFICE BUILDING • 0.69 Acres
      1964 Little Britain Rd, Rock Tavern, NY 12575-5305
      View Details
    • Value Estimation by Request
      3.30 Acres

      Toleman Rd

      INDUSTRIAL - VACANT LAND • 3.30 Acres
      Toleman Rd, Rock Tavern, NY 12575
      View Details

    Similar Nearby for Sale

    • $259,000

      Commercial Land Near Stewart Airport

      Commercial land with frontage on two roads near airport.
      1103 Little Britain Rd, Rock Tavern, NY 12575
      View Details
    • $1,400,000

      Commercial Land Near Amazon Facility

      Six commercial acres on a signalized corner near Amazon.
      17K Rte, Rock Tavern, NY 12575
      View Details
    • $2,675,000
      10,500 SF

      Warehouse with Large Yard Space

      Warehouse property featuring a large yard for outdoor storage.
      171 Stone Castle Rd, Rock Tavern, NY 12575
      View Details
    • $239,000

      Rock Tavern Multifamily Property

      Multifamily property for sale in Rock Tavern, NY.
      223 Brittany Ter, Rock Tavern, NY 12575
      View Details
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    Bridge St
    Montgomery, NY 12575
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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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