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Property profile & analytics
FOR SALE
Commercial real estate
1776 Route 212, Saugerties, NY 12477
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0957053
For Sale
1 / 33
$1,595,000
1776 Route 212, Saugerties, NY 12477
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Property summary
AI-generated overview
This exceptional mixed-use property at 1776 Route 212, Saugerties, NY, presents a unique investment opportunity. Spanning 1.12 acres, the property boasts two contemporary buildings totaling 5,676 square feet. The first building, a 3,150 sq ft structure, currently houses a thriving tea haus featuring a spacious main area with 25' floor-to-ceiling windows, radiant heated concrete floors, a kitchenette, storage, and multiple intimate gathering spaces, including a fenced outdoor patio. A loft area offers additional workspace and a conference room. The second building, a newly renovated 2,526 sq ft space, is a multi-disciplinary production space with a fully equipped commercial gourmet kitchen and dining area, perfect for various events, cooking classes, or co-working. A rare cyclorama wall studio is ideal for video and photography projects. This building also includes an adjacent storage room. The property features a newly paved 20-space parking lot. Innovative features include a Pure Flow peat moss septic system, energy-efficient construction, and split-unit heating and cooling systems. Located on a highly traveled road between Woodstock and Saugerties, this property offers endless possibilities for investors and entrepreneurs. The current list price excludes the existing businesses
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
2,526 SF
Lot
1.12 ac (48,787 SF)
Zoning code
05 - COMMERCIAL
APN
514889 27.4-5-4.200
UPID
US63-0957053
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$565k
Owner & transaction history
Ginger Square LLC · 6 yrs held
Ginger Square LLC
since 2020
Last sale
$599,000
4 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Saugerties, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$475,000
+21.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saugerties submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugerties submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$730,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$390,000
Current use
AUTO REPAIR, GARAGE
$475,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$345,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $599k (Feb 20 2020)
Last sale anchor
$599k
Feb 20 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$224 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$329,000
Assessed 2023
Previous assessed
$293,500
+12.1% YoY
Assessed land
$79,500
Assessed improvement
$249,500
Land market value
$79,500
Improvement market value
$249,500
Total market value
$329,000
Applied tax rate
514,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1960
Heating
NONE
Buildings
2
Stories
1
Total area
2,526 SF
Lot
1.12 ac (48,787 SF)
Zoning code
05 - COMMERCIAL
APN
514889 27.4-5-4.200
UPID
US63-0957053
Jurisdiction
ULSTER
Zoning & alternative use
05 - COMMERCIAL · Saugerties, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Saugerties, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugerties. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$475,000
OFFICE BUILDING
Est. value
$345,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Ginger Square LLC
Entity
Mailing address
43 BASIN RD, WEST HURLEY, NY 12491-5201
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Ginger Square LLC
—
Deed
related
$505,000 · Rondout Savings Bank
Feb 20, 2020
$599,000
Ginger Square LLC
1776 Properties LLC
Deed
$479,200 · Rondout Savings Bank
Mar 24, 2011
$165,000
1776 Properties LLC
Ulster Svgs Bk
Grant Deed
—
Dec 27, 2010
$179,465
Ulster Svgs Bk
Referee Of Ulster County
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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