Property profile

185 Grange Rd Otisville, NY 10963

OFF-MARKET
Strip malls
Property ID
US63-3759893
6,766 SF 2.9 ac lot Built 1970
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

A 6-unit mixed-use property comprising approximately 6,000 square feet of building area on a 2.9-acre lot. The property includes one owner-occupied residential unit configured as a 3-bedroom, 2 full-bath apartment, along with multiple commercial spaces historically used as a coffee shop, fully equipped restaurant, hair salon, adult daycare, and martial arts studio. The building is designed to support a neighborhood strip-center configuration, has on-site parking for 40+ vehicles, and is positioned next to Otisville Elementary School in the Village of Otisville, New York, approximately 3 miles from the Otisville train station with service to New York City. The site is pre-approved for additional development consisting of an approximately 5,500+ square-foot, 4-unit building with a drive-through.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 6,766 SF
Lot 2.9 ac (126,324 SF)
Zoning code RA
APN 334489 13-1-10
UPID US63-3759893

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Sports School
  • Restaurant
  • Real Estate Agency
  • High School Daycare Center
  • Restaurant

Location

185 Grange Rd Otisville, NY 10963-3123
Otisville metro Census 11500 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2015
5 recorded transactions
2015
$782,000
2012
$400,000
2006
$200,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RA · Otisville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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