Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 S Broad St Peekskill, NY 10566
    Property profile & analytics

    17 S Broad St, Peekskill, NY 10566

    View on Map
    • Gas stations
    • 0.28 lot acres
    For Sale
    $530,000
    View Listing →
    Commercial Garage on Corner Lot For Sale
    $530,000
    0.25 Acres

    Commercial Garage on Corner Lot

    Commercial garage on a corner lot with development potential.

    17 S Broad Street, Peekskill, NY 10566
    View Listing
    Property ID
    US63-1087597
    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

    • ALLIED WELDING AND UNDERCOATING / General Contractor
    • Allied Service Station & Towing / Auto Repair Shop

    Property Details for 17 S Broad St

    Lot size
    0.28 lot acres
    Property type
    Gas stations
    APN
    551200 33.6-12-3
    APU
    551200336123

    Description

    This exceptional 0.29-acre commercial lot, located at 17 S Broad St in the heart of Peekskill, NY, presents a unique investment opportunity. The property boasts a generous 3,300 square feet and is zoned C3, allowing for a wide range of commercial development possibilities. Its prime downtown location ensures high visibility and accessibility, making it ideal for a variety of businesses. The property currently includes two buildings, which the owner is actively clearing. The heating fuel is oil, and the system is above ground. This is a rare chance to acquire a sizable parcel in a thriving area, offering significant potential for future growth and return on investment. The asking price is $649,000. Serious inquiries only. The property is ready for your vision and development plans. This is a blank canvas for your next commercial venture in a vibrant and growing community. Don't miss this chance to secure a piece of Peekskill's bustling commercial landscape. Act quickly, as opportunities like this are seldom available. The property's central location offers easy access to local amenities, transportation routes, and a strong customer base. This is a prime location for a business looking to establish a strong presence in Peekskill.

    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
    Peekskill
    County
    Westchester
    State
    New York
    Longitude
    -73.9149
    Latitude
    41.2901
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
    2020
    $0.00
    $5,500
    $13,500
    $19,000
    -
    $230,126
    $564,854
    $794,980

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      722 Division St

      GAS STATION
      722 Division St, Peekskill, NY 10566-2202
      View Details
    • Value Estimation by Request
      0.41 Acres

      800 Division St

      GAS STATION
      800 Division St, Peekskill, NY 10566-1802
      View Details
    • Value Estimation by Request
      0.98 Acres

      980 Washington St

      GAS STATION
      980 Washington St, Peekskill, NY 10566-5816
      View Details
    • Value Estimation by Request
      0.51 Acres

      4100 Albany Post Rd

      GAS STATION
      4100 Albany Post Rd, Peekskill, NY 10566-5345
      View Details
    • Value Estimation
      $825,000
      0.23 Acres

      651 Washington St

      GAS STATION
      651 Washington St, Peekskill, NY 10566-5451
      View Details
    • Value Estimation by Request
      0.52 Acres

      897 Washington St

      GAS STATION
      897 Washington St, Peekskill, NY 10566-5419
      View Details

    Similar Nearby for Sale

    • $530,000
      0.25 Acres

      Commercial Garage on Corner Lot

      Commercial garage on a corner lot with development potential.
      17 S Broad St, Peekskill, NY 10566
      View Details
    • Contact for pricing
      3,400 SF

      Renovated Auto Body Shop

      Newly renovated auto body shop with paint booth and doors.
      515 Washington St, Peekskill, NY 10566
      View Details
    • $1,450,000

      Turnkey Automotive Facility in Peekskill

      Fully operational automotive service facility with equipment included in thriving area.
      515 Washington St, Peekskill, NY 10566
      View Details
    • $950,000

      Peekskill Mixed-Use Investment Property

      Fully leased mixed-use property with immediate cash flow.
      939 Central Ave, Peekskill, NY 10566
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr

      Downtown Peekskill Restaurant/Retail Space

      3,400 SF ground-floor space in revitalized downtown Peekskill.
      1019 Park St, Peekskill, NY 10566
      View Details
    • $3,500 /Mo

      Peekskill Storefront with Office Space

      Storefront with renovated office space in Peekskill's heart.
      1014 Main St, Peekskill, NY 10566
      View Details
    • $2,900 /Mo
      7,405 SF

      Versatile Commercial Space in Peekskill

      Charming commercial building with flexible zoning and convenient location.
      116 Washington St, Peekskill, NY 10566
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Peekskill, NY

      Retail space for lease in Peekskill's major retail corridor.
      50 Dayton Ln, Peekskill, NY 10566
      View Details
    View Listing
    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.
    17 S Broad St
    Peekskill, NY 10566
    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
    17 S Broad St, Peekskill, NY, 10566
    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!