Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    185 Rykowski Ln Middletown, NY 10941-4055

    • Office buildings
    • 6,959 SF
    • 2.90 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2024
    $1,300,000
    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    9.6%
    Office buildings
    Location Intelligence
    Property ID
    US63-3251601
    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

    • Radiologic Associates, PC / Physician / Medical Clinic
    • Crystal Run Healthcare / Medical Clinic
    • Mid-Hudson Hematology-Oncology / Medical Clinic
    • Radiologic Associates: Racanelli Joseph MD / Physician / Medical Clinic
    • Pallavi Cherukuri, MD / Physician / Medical Clinic

    Property Details for 185 Rykowski Ln

    Year built
    2008
    Lot size
    2.90 lot acres
    Property size
    6,959 SF
    Zone code
    O/R
    Property type
    Office buildings
    APN
    335200 60-1-20.2
    APU
    335200601202

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,331,000
      Market price range: $844k - $1.86M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,325,000
      Current use
      RESTAURANT
      $2,145,000
      Change: +62% Conversion: Moderate
      RETAIL STORES
      $1,435,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,160,000
      Change: -12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,125,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3494
    Latitude
    41.4527
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, 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
    2021
    $0.00
    $20,300
    $152,300
    $172,600
    -
    $139,995
    $1,050,305
    $1,190,300

    Comparable in this City

    • Value Estimation by Request
      0.69 Acres

      75 Crystal Run Rd

      OFFICE BUILDING • 0.69 Acres
      75 Crystal Run Rd, Middletown, NY 10941-7000
      View Details
    • Value Estimation
      $14,210,000
      94,124 SF

      95 Crystal Run Rd

      PROFESSIONAL BUILDING • 94,124 SF
      95 Crystal Run Rd, Middletown, NY 10941-7001
      View Details
    • Value Estimation by Request
      1,360 SF

      75 Crystal Run Rd

      OFFICE BUILDING • 1,360 SF
      75 Crystal Run Rd, Middletown, NY 10941-7000
      View Details
    • Value Estimation
      $1,515,000
      10,336 SF

      633 Rte 211th E

      OFFICE BUILDING • 10,336 SF
      633 Rte 211th E, Middletown, NY 10941-1780
      View Details
    • Value Estimation
      $1,750,000
      15,660 SF

      643 Rte 211th E

      OFFICE BUILDING • 15,660 SF
      643 Rte 211th E, Middletown, NY 10941-1749
      View Details
    • Value Estimation
      $2,780,000
      19,800 SF

      101 Tower Dr

      OFFICE BUILDING • 19,800 SF
      101 Tower Dr, Middletown, NY 10941
      View Details

    Similar Nearby for Sale

    • $985,000

      High-Visibility Office Building For Sale

      Prime commercial property on Route 211 with high traffic.
      593 Route 211, Middletown, NY 10941
      View Details
    • $799,990

      Renovated Commercial Building in Middletown

      Versatile commercial building in a convenient, high-traffic location.
      799 Route 211 E, Middletown, NY 10941
      View Details
    • $1,099,999
      20.50 Acres

      Middletown Land For Sale

      20.5 acre commercial land with flexible zoning.
      Route 302, Middletown, NY 10941
      View Details
    • $1,999,999
      1,754 SF

      High-Traffic Middletown Retail Property

      Prime Retail Location, Two Properties, High Visibility
      2850 State Route 17K, Middletown, NY 10941
      View Details
    • Contact for pricing
      57,000 SF

      Middletown Industrial/Manufacturing Opportunity

      57,000 SF industrial building in Middletown, renovated in 2001.
      146 Tower Dr, Middletown, NY 10941
      View Details

    Similar Nearby for Lease

    • $1,810 /Mo

      Class A Office Space Middletown

      Class A office space in Middletown, all inclusive lease.
      192 Tower Dr, Middletown, NY 10941
      View Details
    • $3,800 /Mo

      Commercial Warehouse with Office Space

      Versatile warehouse with office on Route 17K, Middletown.
      2824 State Route 17K, Middletown, NY 10941
      View Details
    • $1,400 /Mo

      Versatile Mixed-Use Office Space

      Mixed-use office space in Middletown, NY, near amenities.
      1050 Route 211 E, Middletown, NY 10941
      View Details
    • $5,645 /Mo

      Class A Office Space Available

      Class A office space with ample natural light for rent.
      192 Tower Dr, Middletown, NY 10941
      View Details
    • Contact for pricing

      Class A Office Suites Available

      Three Class A office suites available for lease.
      192 Tower Dr, Middletown, NY 10941
      View Details
    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.
    185 Rykowski Ln
    Middletown, NY 10941-4055
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!