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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17 Mill Hill Rd Woodstock, NY 12498

    • Turn key restaurants
    • 4,659 SF
    • 0.28 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2423037
    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

    • PUB / Restaurant
    • LibertyX Bitcoin ATM / Atm

    Property Details for 17 Mill Hill Rd

    Year built
    1969
    Lot size
    0.28 lot acres
    Property size
    4,659 SF
    Zone code
    HC
    Property type
    Turn key restaurants
    APN
    515800 27.55-1-28
    APU
    5158002755128

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $917,000
      Market price range: $334k - $917k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $910,000
      Current use
      AUTO REPAIR, GARAGE
      $875,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $790,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodstock
    County
    Ulster
    State
    New York
    Longitude
    -74.1175
    Latitude
    42.0411
    CBSA code
    28740
    CBSA name
    KINGSTON, 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
    0
    $0.00
    $126,000
    $674,000
    $800,000
    -
    $270,968
    $1,449,462
    $1,720,430

    Comparable in this City

    • Value Estimation
      $1,105,000
      2,229 SF

      51 Tinker St

      RESTAURANT • 2,229 SF
      51 Tinker St, Woodstock, NY 12498-1234
      View Details
    • Value Estimation
      $1,310,000
      3,758 SF

      52 Ml Hl Rd

      RESTAURANT • 3,758 SF
      52 Ml Hl Rd, Woodstock, NY 12498-1310
      View Details
    • Value Estimation
      $1,270,000
      11,775 SF

      20-22 Rock City Rd

      RESTAURANT • 11,775 SF
      20-22 Rock City Rd, Woodstock, NY 12498
      View Details
    • Value Estimation
      $1,110,000
      7,137 SF

      105-109 Ml Hl Rd

      RESTAURANT • 7,137 SF
      105-109 Ml Hl Rd, Woodstock, NY 12498
      View Details
    • Value Estimation by Request
      1,742 SF

      43-45 Ml Hl Rd

      RESTAURANT • 1,742 SF
      43-45 Ml Hl Rd, Woodstock, NY 12498
      View Details
    • Value Estimation by Request
      2,028 SF

      138 Tinker St

      RESTAURANT • 2,028 SF
      138 Tinker St, Woodstock, NY 12498-1120
      View Details

    Similar Nearby for Sale

    • $1,800,000
      4,659 SF

      Woodstock Pub and Hotel Opportunity

      Fully equipped restaurant and hotel in the heart of Woodstock, NY.
      17 Mill Hill Rd, Woodstock, NY 12498
      View Details
    • $4,000,000
      1,742 SF

      Prime Woodstock Commercial Investment Opportunity

      High-traffic commercial property in Woodstock, NY with stable income.
      43-45 Mill Hill Rd, Woodstock, NY 12498
      View Details
    • $965,000
      1,776 SF

      Woodstock Mixed-Use Waterfall Property

      Mixed-use property in the heart of Woodstock with waterfall views.
      8 Tannery Brook Rd, Woodstock, NY 12498
      View Details
    • $1,750,000
      2,364 SF

      Woodstock Retail Gem on 212

      Prime Woodstock dining destination. High-visibility location.
      261 Tinker St, Woodstock, NY 12498
      View Details
    • $965,000
      1,776 SF

      Woodstock Mixed-Use Waterfall Property

      Unique mixed-use property with waterfall views in the heart of Woodstock.
      8 Tannery Brook Rd, Woodstock, NY 12498
      View Details
    • $590,000
      1,321 SF

      Woodstock Retail/Wellness Investment Opportunity

      High-visibility Woodstock commercial property with existing tenant and wellness features.
      104 Mill Hill Rd, Woodstock, NY 12498
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,600 SF

      Bearsville Center Retail with Kitchen

      Versatile commercial space in high-traffic destination near Woodstock.
      297 Tinker St, Woodstock, NY 12498
      View Details
    • $2,000 /Mo

      Newly Constructed Creative Workspace

      High-end renovated artist spaces with modern luxury and thoughtful design.
      267 Tinker St, Woodstock, NY 12498
      View Details
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    17 Mill Hill Rd
    Woodstock, NY 12498
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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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