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    177 Main St Ellenville, NY 12428-2121
    Property profile & analytics

    177 Main St Ellenville, NY 12428-2121

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    • Investment properties
    • 7,450 SF
    • 0.75 lot acres
    Off-Market
    Last Sale Jun 25, 2025
    $200,000
    Property ID
    US63-0705947
    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

    • Investment properties

    Property Details for 177 Main St

    Year built
    1970
    Lot size
    0.75 lot acres
    Property size
    7,450 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    515601 91.21-1-2
    APU
    515601912112

    Description

    This exceptional 7,450 square foot mixed-use commercial property is situated on a desirable 0.75-acre lot at 177 S Main St, Ellenville, NY, offering breathtaking mountain views. Conveniently located on State Route 209 at the southern entrance to the Village of Ellenville, this property presents a unique investment opportunity. The building boasts recently installed electric service, a new rubber roof, and a comprehensive security system. Currently vacant, the property offers significant flexibility. The first floor, encompassing 6,400 square feet, previously operated as a restaurant/bar/lounge, but its B-3 zoning allows for a wide range of commercial uses. This expansive space includes a large kitchen with ample storage, a fully equipped bar, a dance floor, two DJ booths, and two spacious bathrooms. Additional features include a dedicated office space and a substantial parking lot. Upstairs, a vacant 2-bedroom, 1-bathroom apartment provides further potential for rental income or owner occupancy. The property is serviced by municipal water and sewer, and features above-ground heating fuel tanks. This versatile property is ideally suited for a variety of commercial ventures and represents a compelling investment opportunity in a vibrant and growing community. Priced at $399,999.

    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
    Ellenville
    County
    Ulster
    State
    New York
    Longitude
    -74.4034
    Latitude
    41.7118
    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
    $58,300
    $165,700
    $224,000
    -
    $82,113
    $233,380
    $315,493

    Comparable in this City

    • Value Estimation by Request
      3,328 SF

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    • Value Estimation by Request
      3,340 SF

      38 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,340 SF
      38 Main St, Ellenville, NY 12428-1017
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    • Value Estimation by Request
      2,080 SF

      119 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,080 SF
      119 Main St, Ellenville, NY 12428-2115
      View Details
    • Value Estimation by Request
      2,272 SF

      110 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,272 SF
      110 Canal St, Ellenville, NY 12428-1457
      View Details
    • Value Estimation by Request
      3,309 SF

      165 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,309 SF
      165 Canal St, Ellenville, NY 12428-1505
      View Details
    • Value Estimation by Request
      12,525 SF

      216 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,525 SF
      216 Canal St, Ellenville, NY 12428-1728
      View Details

    Similar Nearby for Sale

    • $650,000

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    • $400,000

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    Similar Nearby for Lease

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    • $17 SF/Yr
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    • $15 SF/Yr

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    177 Main St
    Ellenville, NY 12428-2121
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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.

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