Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    128 Bailey Farm Rd Monroe, NY 10950-4952
    Back to Search
    Property profile & analytics

    128 Bailey Farm Rd Monroe, NY 10950-4952

    View on Map
    • Community centers
    • 149,657 SF
    • 24.50 lot acres
    Off-Market
    Property ID
    US63-4037625
    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
    $2,325,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS / Pharmacy
    • Burlington / Clothing Store / Department Store
    • Rightly Dental | Implant Dentist in Monroe, NY | Dental Implant in Monroe, Affordable care for no insurance / Dental Office
    • PetSmart Dog Training / Animal Training
    • PetSmart / (Bike/Boat/Book/etc) Store / Pet Store & Service

    Property Details for 128 Bailey Farm Rd

    Year built
    2009
    Lot size
    24.50 lot acres
    Property size
    149,657 SF
    Zone code
    LI
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    334089 2-1-34.2
    APU
    33408921342

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.1509
    Latitude
    41.3158
    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
    $105,000
    $2,096,400
    $2,201,400
    -
    $856,446
    $17,099,554
    $17,956,000

    Comparable in this City

    • Value Estimation by Request
      17,000 SF

      557 State Rte 17m

      MINI-MALL • 17,000 SF
      557 State Rte 17m, Monroe, NY 10950-3412
      View Details
    • Value Estimation
      $1,515,000
      111,643 SF

      254 Larkin Dr

      MINI-MALL • 111,643 SF
      254 Larkin Dr, Monroe, NY 10950-4911
      View Details
    • Value Estimation
      $1,880,000
      110,219 SF

      232 Larkin Dr

      MINI-MALL • 110,219 SF
      232 Larkin Dr, Monroe, NY 10950-4911
      View Details
    • Value Estimation
      $1,605,000
      122,913 SF

      128 Bailey Farm Rd

      MINI-MALL • 122,913 SF
      128 Bailey Farm Rd, Monroe, NY 10950-4952
      View Details
    • Value Estimation
      $1,735,000
      160,774 SF

      288 Larkin Dr

      MINI-MALL • 160,774 SF
      288 Larkin Dr, Monroe, NY 10950-4911
      View Details
    • Value Estimation
      $1,065,000
      28,186 SF

      475 State Rte 17m

      SHOPPING CENTER, STRIP CENTER • 28,186 SF
      475 State Rte 17m, Monroe, NY 10950-4169
      View Details

    Similar Nearby for Sale

    • $549,900

      Versatile Commercial Space in Monroe

      Commercial property suitable for retail or office use in Monroe.
      14 Lakes Rd, Monroe, NY 10950
      View Details
    • $549,900
      Pending

      Versatile Commercial Space in Monroe

      Prime commercial property in high-traffic Monroe location.
      14 Lakes Rd, Monroe, NY 10950
      View Details
    • $749,000

      Office Building in Commercial District

      Office building with parking in a walkable, bikeable location.
      101 Stage Rd, Monroe, NY 10950
      View Details
    • $439,000
      0.46 Acres

      Lakefront Property on Round Lake

      Pristine lakefront property with direct shoreline access and breathtaking scenery.
      304 Round Lake Ter, Monroe, NY 10950
      View Details
    • $675,000

      Approved Lot in Woodbury Villas

      Shovel-ready lot for sale in Woodbury Villas Complex.
      21 Pullman Rte, Monroe, NY 10950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Shopping Center Retail Space Available

      133,819 SF shopping center with ample parking.
      475 Ny-17M, Monroe, NY 10950
      View Details
    • Contact for pricing
      5,000 SF

      133,819 SF Shopping Center Space

      133,819 SF shopping center with ample parking.
      475 State Route 17M, Monroe, NY 10950
      View Details
    • Contact for pricing
      11,291 SF

      Retail Space Near ShopRite

      High-traffic retail space near ShopRite and major highway.
      785-787 Ny-17M, Monroe, NY 10950
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Harriman Commons

      Retail spaces available within a large shopping center complex.
      215 Larkin Dr, Monroe, NY 10950
      View Details
    • $35 SF/Yr
      87,120 SF

      Historic Landmark Ready for Lease

      Restored 1903 landmark ideal for hospitality or dining.
      236 High St, Monroe, NY 10950
      View Details
    • $21 SF/Yr

      Versatile Commercial Space on Route 17M

      Spacious 4453 SF commercial space with excellent visibility and access.
      330 Stage Rd, Monroe, NY 10950
      View Details

    Property Visit Statistics

    • Visits by month
      24.7k
    • Visitors by month
      19.2k
    • Avg Time on site
      24 min
    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.
    128 Bailey Farm Rd
    Monroe, NY 10950-4952
    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
    128 Bailey Farm Rd, Monroe, NY, 10950
    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!