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    Property profile & analytics

    120 Bracken Rd Montgomery, NY 12549

    • Investment properties
    • 1,485 SF
    • 0.75 lot acres
    For Sale
    View listing
    $449,999
    Last Sale
    Sep 16, 2024
    $285,000
    Value Estimations
    Cap Rate Potential
    4.5%
    Investment properties
    Location Intelligence
    Property ID
    US63-0603713
    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

    • Investment properties

    Property Details for 120 Bracken Rd

    Year built
    1977
    Lot size
    0.75 lot acres
    Property size
    1,485 SF
    Zone code
    I1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    334289 30-1-24.1
    APU
    334289301241

    Description

    This exceptional 1,485 square foot industrial property, situated on a 0.75-acre lot at 120 Bracken Rd, Montgomery, NY, presents a remarkable investment opportunity. Ideally located in Montgomery's Industrial 1 zoning district, this building offers unparalleled versatility, accommodating a wide array of business uses. Permitted uses include, but are not limited to, business offices, professional services, utility companies, personal service shops, retail stores, food service establishments, animal hospitals/boarding facilities, and non-intensive warehouse operations. Its strategic location provides exceptional accessibility, with proximity to major highways such as Interstate 84, Route 17K, and Route 208. Furthermore, its convenient 20-minute drive to Stewart International Airport makes it particularly attractive for businesses requiring regional or international connectivity. The property's significant potential is further enhanced by a proposed expansion plan, adding over 6,700 square feet of additional space. This presents an unparalleled chance to establish or significantly expand a business in a thriving and rapidly developing area. The asking price for this exceptional property is $599,999. Don't miss this chance to secure a prime location with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $285,000
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $284,000
      Market price range: $165k - $376k
      AI Estimate
      $218,000
      Market price range: $105k - $279k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $260,000
      Current use
      RETAIL STORES
      $305,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $285,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $250,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.1965
    Latitude
    41.5215
    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
    $75,000
    $25,000
    $100,000
    -
    $178,575
    $59,525
    $238,100

    Comparable in this City

    • Value Estimation
      $400,000
      13,011 SF

      2084 State Rte 208

      STORE/OFFICE (MIXED USE) • 13,011 SF
      2084 State Rte 208, Montgomery, NY 12549-2611
      View Details
    • Value Estimation
      $260,000
      342 SF

      120 Clinton St

      STORE/OFFICE (MIXED USE) • 342 SF
      120 Clinton St, Montgomery, NY 12549-1102
      View Details
    • Value Estimation
      $380,000
      3,024 SF

      1102-1104 State Rte 17k

      STORE/OFFICE (MIXED USE) • 3,024 SF
      1102-1104 State Rte 17k, Montgomery, NY 12549
      View Details
    • Value Estimation
      $345,000
      2,406 SF

      1118 State Rte 17k

      STORE/OFFICE (MIXED USE) • 2,406 SF
      1118 State Rte 17k, Montgomery, NY 12549-2264
      View Details
    • Value Estimation
      $280,000
      1,820 SF

      2039 State Rte 208

      STORE/OFFICE (MIXED USE) • 1,820 SF
      2039 State Rte 208, Montgomery, NY 12549-2637
      View Details
    • Value Estimation
      $4,585,000
      8,450 SF

      20 Hawkins Dr

      STORE/OFFICE (MIXED USE) • 8,450 SF
      20 Hawkins Dr, Montgomery, NY 12549-2628
      View Details

    Similar Nearby for Sale

    • $450,000
      13.60 Acres

      930 Ny-17K

      Mixed-use properties • 13.60 Acres
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      View Details
    • $1,300,000
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      Montgomery Mixed-Use Investment

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    • $999,999
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      Montgomery Mixed-Use Investment Opportunity

      Two buildings in Montgomery's Historic District with commercial and residential potential.
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    • $1,300,000

      Leased Restaurant & Income Apartments

      Mixed-use property featuring a restaurant and four apartments.
      631 State Route 17 K, Montgomery, NY 12549
      View Details
    • $465,000

      Mixed-Use Investment in Montgomery Village

      Charming 3-unit mixed-use property in the heart of Montgomery.
      102 Ward St, Montgomery, NY 12549
      View Details
    • $599,999
      1,485 SF

      Montgomery Industrial Property - Huge Potential

      Prime location, versatile industrial building, expansion opportunity.
      120 Bracken Rd, Montgomery, NY 12549
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      89,900 SF

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      89,960 SF industrial facility built in 2019 with 26 docks.
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      View Details
    • $12 SF/Yr
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      I-84/I-87 Warehouse For Lease

      17,820 SF Warehouse, Excellent Location
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      View Details
    • Contact for pricing
      12,000 SF

      Neighborhood Shopping Center Space Available

      Retail space in a high-traffic shopping center.
      99-129 Hawkins Dr, Montgomery, NY 12549
      View Details
    • $2,700 /Mo

      Spacious Duplex Apartment For Rent

      Three-bedroom duplex with updated kitchen, walk-out basement, and large backyard.
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      View Details
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      Single-room commercial sublease with utilities included, ideal for professionals.
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    • $2,200 /Mo
      10,799 SF

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      View Details
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    120 Bracken Rd
    Montgomery, NY 12549
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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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