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    Property profile & analytics

    1005 Montgomery Rd Montgomery, NY 10922

    • Showrooms
    • 2,000 SF
    • 0.40 lot acres
    For Sale
    View listing
    $1,900,000
    Last Sale
    Jan 14, 2022
    Value Estimations
    Cap Rate Potential
    5.5%
    Showrooms
    Location Intelligence
    Property ID
    US63-2525504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rockwell Cycles / Motorcycle Dealer / Motorcycle Parts Store

    Property Details for 1005 Montgomery Rd

    Year built
    1988
    Lot size
    0.40 lot acres
    Property size
    2,000 SF
    Zone code
    B
    Property type
    Showrooms
    APN
    333689 11-1-25
    APU
    33368911125

    Description

    This exceptional 7,499 square foot auto shop, located at 1005 Route 9W in Fort Montgomery, NY, presents a unique investment opportunity. The property, built in 1970 and renovated in 1989, sits on a 0.402-acre lot and boasts a two-story building with one unit. Currently configured as a fully operational garage with a repair shop, sales center, and paint booth, it offers significant versatility. Previous use as a cafe demonstrates adaptable zoning. The permitted zoning (B) allows for auto sales, food service, mixed office/retail, and warehouse uses. High visibility on busy Route 9W, between Bear Mountain and Storm King Mountain, ensures excellent customer traffic. The property features existing infrastructure ready for immediate use. The asking price is $989,000 ($132/sq ft), with annual taxes approximately $20,000. The APN is 333689-011-000-0001-025.000-0000. This is a rare chance to acquire a well-established business with significant upside potential in a highly desirable location. The property's history as a successful Ducati dealership and repair center further underscores its potential. Don't miss this opportunity to capitalize on the existing infrastructure and high traffic flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $270,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $171k - $424k
      AI Estimate
      $322,000
      Market price range: $123k - $323k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $285,000
      Current use
      RETAIL STORES
      $415,000
      Change: +46% Conversion: Easy
      OFFICE BUILDING
      $380,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $335,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Montgomery
    County
    Orange
    State
    New York
    Longitude
    -73.9821
    Latitude
    41.337
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $95,700
    $453,600
    $549,300
    -
    $138,001
    $654,099
    $792,100

    Comparable in this City

    • Value Estimation
      $280,000
      3,902 SF

      1176 Rte 9w

      SHOW ROOM, WAREHOUSE • 3,902 SF
      1176 Rte 9w, Fort Montgomery, NY 10922-7710
      View Details
    • Value Estimation by Request
      1.33 Acres

      897 Route 9W

      Land • 2,500 SF
      897 Route 9W, Fort Montgomery, NY 10922
      View Details
    • Value Estimation
      $395,000
      12,781 SF

      1018 Rte 9w

      VEHICLE SALES, RENTALS • 12,781 SF
      1018 Rte 9w, Fort Montgomery, NY 10922-7708
      View Details
    • Value Estimation
      $265,000
      1,140 SF

      1048 Rte 9w

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,140 SF
      1048 Rte 9w, Fort Montgomery, NY 10922-7708
      View Details
    • Value Estimation
      $300,000
      4,584 SF

      815 Rte 9w

      RESTAURANT • 4,584 SF
      815 Rte 9w, Fort Montgomery, NY 10922
      View Details
    • Value Estimation
      $325,000
      1,600 SF

      888 Rte 9w

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,600 SF
      888 Rte 9w, Fort Montgomery, NY 10922
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.33 Acres

      Route 9W Fort Montgomery Pad Site

      Prime Retail/Warehouse Opportunity in NY
      897 Route 9W, Fort Montgomery, NY 10922
      View Details
    • $1,550,000

      Land Available For Sale

      Land available for sale in Fort Montgomery, NY.
      9W Ft Montgomery Us Hwy, Fort Montgomery, NY 10922
      View Details
    • $1,900,000

      7,500 SF Industrial Property

      Industrial property with highway access, ideal for warehousing and manufacturing.
      1005 Montgomery Rd, Montgomery, NY 10922
      View Details
    • $1,750,000

      Fort Montgomery Industrial Property

      7,500 SF industrial property with highway access for sale.
      1005 Route 9W, Fort Montgomery, NY 10922
      View Details
    • $1,750,000
      7,500 SF

      Industrial Property in Fort Montgomery

      7,500 SF industrial property available for sale.
      1005 Route 9W, Fort Montgomery, NY 10922
      View Details
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    1005 Montgomery Rd
    Montgomery, NY 10922
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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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