Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2265 Ny-17K Montgomery, NY 12549
    Property profile & analytics

    2265 Ny-17K, Montgomery, NY 12549

    View on Map
    • Warehouses
    • 31,250 SF
    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 2265 Ny-17K

    Year built
    2023
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional, 31,250-square-foot warehouse in Montgomery, NY, offers immediate occupancy. The single-story building, constructed in 2023, sits on 8.3 acres and features a 32-foot ceiling height, six loading docks with levelers, and ample parking. Available space ranges from 4,082 to 19,087 contiguous square feet, including approximately 1,150 square feet of office space. The office area boasts an 8-foot ceiling, a conference room, and cafeterias. The warehouse benefits from high power, large windows for natural light, low-voltage wiring, and security cameras. Its Business Park (BP) zoning allows for diverse uses, including distribution, manufacturing, and warehousing. Conveniently located on NY-17K, this property offers easy access to Route 17, making it an ideal location for various businesses. The property includes multiple tenancy options.

    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
    -74.3181
    Latitude
    41.5344

    Comparable in this City

    • Value Estimation by Request
      12,826 SF

      Drillers Ln

      Distribution properties
      0 Drillers Ln, Montgomery, NY 12549
      View Details
    • Value Estimation by Request
      20,000 SF

      110 Bracken Rd

      Distribution properties
      110 Bracken Rd, Montgomery, NY 12549
      View Details
    • Value Estimation
      $16,165,000
      89,960 SF

      105 Bracken Rd

      DISTRIBUTION WAREHOUSE
      105 Bracken Rd, Montgomery, NY 12549-2601
      View Details
    • Value Estimation
      $1,610,000
      80,260 SF

      18 Leonards Dr

      DISTRIBUTION WAREHOUSE
      18 Leonards Dr, Montgomery, NY 12549-2643
      View Details
    • Value Estimation
      $3,260,000
      366,680 SF

      650 Neelytown Rd

      WAREHOUSE, STORAGE
      650 Neelytown Rd, Montgomery, NY 12549-2843
      View Details
    • Value Estimation
      $2,905,000
      36,680 SF

      350 Neelytown Rd

      WAREHOUSE, STORAGE
      350 Neelytown Rd, Montgomery, NY 12549-2837
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Property in Montgomery

      Commercial property with expansion potential, ideal for diverse business ventures.
      120 Bracken Rd, Montgomery, NY 12549
      View Details
    • $6,500,000

      Functional Warehouse in Prime Location

      Warehouse in excellent condition, ready for immediate occupancy and expansion.
      118 Bracken Rd, Montgomery, NY 12549
      View Details
    • $4,500,000

      Versatile Warehouse Space with Expansion Potential

      39,422 sq ft warehouse on 4.2 acres near I-87/I-84.
      181 Boyd St, Montgomery, NY 12549
      View Details
    • Contact for pricing
      12,928 SF

      Industrial Facility Leased to Cintas

      Single-tenant industrial facility in Montgomery, NY, leased to Cintas.
      138 Bracken Rd, Montgomery, NY 12549
      View Details
    • Contact for pricing
      12,928 SF

      Montgomery Industrial Facility For Sale

      Single-tenant industrial facility leased to Cintas Uniform Services.
      138 Bracken Rd, Montgomery, NY 12549
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,087 SF

      New Warehouse with Office Space

      31,250 sq ft warehouse with office space for lease.
      2265 State Route 17 K, Montgomery, NY 12549
      View Details
    • Contact for pricing
      146,075 SF

      146,075 SF Industrial Building

      146,075 SF industrial building with 36' ceilings.
      14 Moosilauke Dr, Montgomery, NY 12549
      View Details
    • $7 SF/Yr

      Warehouse Space Near Major Highways

      19,614 SF warehouse space with loading docks and drive-in door.
      181 Boyd St, Montgomery, NY 12549
      View Details
    • $1,700 /Mo
      10,799 SF

      Versatile Commercial Unit on 17K

      Adaptable commercial unit with high visibility and roadside frontage.
      1 Union School Rd, Montgomery, NY 12549
      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.
    2265 Ny-17K
    Montgomery, NY 12549
    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
    2265 Ny-17K, Montgomery, NY, 12549
    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!