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    11 Garland Ln Greenville, NY 12083-3410
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    Property profile & analytics

    11 Garland Ln Greenville, NY 12083-3410

    View on Map
    • Investment properties
    • 12,356 SF
    • 1.09 lot acres
    For Lease
    $1,490,000
    View Listing →
    Retail Space Available For Lease For Lease
    $1,490,000
    11,960 SF

    Retail Space Available For Lease

    11,960 Sq Ft building with 8,000 Sq Ft available.

    11 Garland Ln, Greenville, NY 12083
    View Listing
    Property ID
    US63-2986106
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tj's Pizza / Take-out & Catering
    • The GroomsMan Barber Shop / Barber Shop
    • Greenville Laundromat / (Bike/Boat/Book/etc) Store
    • Empathy for Life Suboxone Clinic Greenville, NY / Rehabilitation Center / Health Counselor

    Property Details for 11 Garland Ln

    Year built
    2006
    Lot size
    1.09 lot acres
    Property size
    12,356 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    193200 12.02-1-18
    APU
    1932001202118

    Description

    This exceptional retail property in Greenville, NY, presents a unique leasing opportunity. Located at 11 Garland Ln, 12083, this 11,960 square foot building offers a large, contiguous space of 8,000 square feet, previously occupied by a Family Dollar. The space is immediately available and ideal for a variety of retail uses. The building is comprised of four total suites, providing flexibility for potential expansion or multi-tenant occupancy. While a minimum of 8,000 square feet is divisible, the maximum contiguous space available for lease is also 8,000 square feet. This presents a significant opportunity for a business seeking a substantial retail presence in a thriving community. The property's strategic location in Greenville, New York offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This is a rare chance to secure a prominent retail space in a desirable location. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,481,000
      Market price range: $628k - $2.03M
      AI Estimate
      $1,498,000
      Market price range: $607k - $2.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greene
    State
    New York
    Longitude
    -74.0185
    Latitude
    42.4257

    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
    0
    $0.00
    $90,000
    $530,000
    $620,000
    -
    $183,673
    $1,081,633
    $1,265,306

    Comparable in this City

    • Value Estimation by Request
      442 SF

      11178 Rte 32

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    • Value Estimation by Request
      2,484 SF

      10697 State Rte 32

      STORE/OFFICE (MIXED USE) • 2,484 SF
      10697 State Rte 32, Greenville, NY 12083-5115
      View Details
    • Value Estimation by Request
      6,816 SF

      4852 State Rte 81

      STORE/OFFICE (MIXED USE) • 6,816 SF
      4852 State Rte 81, Greenville, NY 12083-7701
      View Details
    • Value Estimation by Request
      2,010 SF

      11501 Rte 32

      STORE/OFFICE (MIXED USE) • 2,010 SF
      11501 Rte 32, Greenville, NY 12083
      View Details
    • Value Estimation by Request
      1,172 SF

      4840 State Rte 81

      STORE/OFFICE (MIXED USE) • 1,172 SF
      4840 State Rte 81, Greenville, NY 12083
      View Details
    • Value Estimation
      $1,020,000
      9,100 SF

      4 Country Ests Rd

      STORE/OFFICE (MIXED USE) • 9,100 SF
      4 Country Ests Rd, Greenville, NY 12083-3414
      View Details

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    • Contact for pricing

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      Well-established tavern with apartment in Greene County, NY.
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      Greenville Mixed-Use Investment Opportunity

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      16 Acres Wooded Land Package

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    • New
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      Approved Building Lot in Greenville

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      L23 Sunny Hill Rd, Greenville, NY 12083
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    • $674,000
      2.92 Acres

      Industrial Property with Expansion Potential

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      Historical Building on Main Street

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      1,935 SF

      Retail Spaces at Tops Plaza

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      View Details
    View Listing
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    Greenville, NY 12083-3410
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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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