Entity Owned 
For Sale
1 / 21
$799,000
188 S Main St, Ellenville, NY 12428
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Property summary
AI-generated overview
The property is located in Ellenville, New York and consists of two parcels totaling 2.67 acres (1.59 acres and 1.08 acres). It is zoned B3, which permits a range of commercial uses including retail businesses, restaurants, professional offices, medical clinics, and personal service establishments. The site is in a commercial area near a golf course and includes provisions for future development, with a conceptual plan prepared for a hotel and retail pads. The property is currently improved with structures associated with an active welding business and includes two mobile homes. A feasibility study is available for review.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1979
Total area
10,650 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B-3
APN
515601 91.21-1-6
UPID
US63-1006795
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
-
General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$465k
Owner & transaction history
since 2026
1 recorded transaction
Zoning & alternative use
B-3 · Ellenville, NY
Zoning description
All cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$465k
Value range
$419k – $512k
±10% around blend
Estimated value / SF
$44 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$419k
blend $465k
$512k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,650 SF
Lot area
1.59 ac
Year built
1979
Stories
1
APN
515601 91.21-1-6
Zoning
B-3
Assessed value
$80,900
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.40M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.3 mi away · 8,532 SF
18.9 mi away · 8,595 SF
23.2 mi away · 11,524 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$465k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 41 sales
$103
-57%
Submarket 41 sales
$103
-57%
County 314 sales
$169
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $44/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$81k
Move the market yield to see immediate price impact.
Value / SF
$8
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$5k
$102k
$73k
$57k
$6k
$113k
$81k
$63k
$6k
$125k
$89k
$69k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$725k
0.6 mi · Nov 2025 · $78/SF
Property tax & assessments
Property tax & assessments
Assessed value
$80,900
Assessed 2023
Previous assessed
$80,900
+0.0% YoY
Assessed land
$80,900
Land market value
$113,944
Total market value
$113,944
Applied tax rate
515,602.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1979
Heating
NONE
Stories
1
Total area
10,650 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B-3
APN
515601 91.21-1-6
UPID
US63-1006795
Jurisdiction
ULSTER
Zoning & alternative use
B-3 · Ellenville, NYZoning B-3 · permitted uses
B-3 · Ellenville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
All cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
1.59 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-3
COMMERCIAL
Jurisdiction
Ellenville, NY
Recorded code
B-3
Official district
B-3
Official district profile
What the municipal code says about B-3
Zoning description
All cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Ellenville, NY.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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