Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 State Rte 302 Pine Bush, NY 12566-7129

    • Office buildings
    • 6,000 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4959109
    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

    • Office buildings

    Property Details for 115 State Rte 302

    Year built
    2016
    Lot size
    2.00 lot acres
    Property size
    6,000 SF
    Property type
    Office buildings
    APN
    332600 8-2-69.1
    APU
    33260082691

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,495,000
      Market price range: $728k - $1.60M
      AI Estimate
      $851,000
      Market price range: $247k - $974k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,140,000
      Current use
      RETAIL STORES
      $1,240,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,000,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bush
    County
    Orange
    State
    New York
    Longitude
    -74.3045
    Latitude
    41.6034
    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
    $50,000
    $451,600
    $501,600
    -
    $204,835
    $1,850,065
    $2,054,900

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      20 Boniface Dr

      OFFICE BUILDING • 1,600 SF
      20 Boniface Dr, Pine Bush, NY 12566-7050
      View Details
    • Value Estimation by Request
      1.50 Acres

      121 State Rte 302

      OFFICE BUILDING • 1.50 Acres
      121 State Rte 302, Pine Bush, NY 12566-7129
      View Details
    • Value Estimation by Request
      0.84 Acres

      59 Boniface Dr

      OFFICE BUILDING • 0.84 Acres
      59 Boniface Dr, Pine Bush, NY 12566-7011
      View Details
    • Value Estimation by Request
      1.10 Acres

      70 Boniface Dr

      OFFICE BUILDING • 1.10 Acres
      70 Boniface Dr, Pine Bush, NY 12566-7051
      View Details
    • Value Estimation
      $1,035,000
      6,974 SF

      21 Main St

      OFFICE BUILDING • 6,974 SF
      21 Main St, Pine Bush, NY 12566
      View Details
    • Value Estimation by Request
      0.43 Acres

      101 Main St

      OFFICE BUILDING • 0.43 Acres
      101 Main St, Pine Bush, NY 12566-6437
      View Details

    Similar Nearby for Sale

    • $750,000
      Pending

      Commercial Property in Prime Location

      Well-maintained commercial property with seven office units in Pine Bush.
      127 State Route 302, Pine Bush, NY 12566
      View Details
    • $395,000
      4.40 Acres

      Prime Pine Bush Commercial Land

      High-traffic corner lot, excellent visibility.
      0 Rte 302 & Ulsterville Rd, Pine Bush, NY 12566
      View Details
    • $495,000
      Pending

      Commercial Land in Pine Bush

      1.1 acre commercial land in the heart of Pine Bush.
      Boniface Dr, Pine Bush, NY 12566
      View Details
    • Contact for pricing

      Highway Frontage Development Opportunity

      11.9-acre parcel with highway frontage, water access, and existing infrastructure.
      2823 Ny-52, Pine Bush, NY 12566
      View Details
    • $500,000
      1.00 Acre

      Prime Pine Bush Retail Pad Site

      1-Acre Retail Lot - $500K
      Pine Bush NY 12566 Boniface Dr, Pine Bush, NY 12566
      View Details
    • $149,999
      2.00 Acres

      Two-Acre Parcel with Red Barn

      Level 2-acre parcel with a 780 sq. ft. red barn.
      6 Cragsmoor Rd, Pine Bush, NY 12566
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      475 SF

      Downtown Office/Workshop Space For Rent

      Office/workshop space in downtown Main Street, Pine Bush, NY.
      46 Main St, Pine Bush, NY 12566
      View Details
    • $850 /Mo
      191,664 SF

      Office Space in Pine Bush

      Office space for rent featuring two rooms and parking.
      21 Boniface Dr, Pine Bush, NY 12566
      View Details
    • New
      $950 /Mo
      4,678 SF

      Retail/Office Space in Pine Bush

      Free-standing building suitable for office or retail in Pine Bush.
      110 Center St, Pine Bush, NY 12566
      View Details
    • $3,000 /Mo
      720 SF

      Retail Space in Growing Community

      Retail space available for rent in a high-visibility corner location.
      143 Maple Ave, Pine Bush, NY 12566
      View Details
    • $3,000 /Mo
      43,560 SF

      Commercial Land Lease in Pine Bush

      Commercial land lease approved for truck parking and utility truck storage.
      21 Boniface Dr, Pine Bush, NY 12566
      View Details
    • $1,200 /Mo
      600 SF

      Commercial Rental End Unit

      End unit commercial space near Main St shops and restaurants.
      99 Depot St, Pine Bush, NY 12566
      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.
    115 State Rte 302
    Pine Bush, NY 12566-7129
    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

    Google sign-in failed. Please try again or use another login method.