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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Corso Rd Port Jervis, NY 12771

    • Showrooms
    • 6,600 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2698872
    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

    • Showrooms

    Property Details for 2 Corso Rd

    Year built
    1973
    Lot size
    1.80 lot acres
    Property size
    6,600 SF
    Property type
    Showrooms
    APN
    332800 44-4-23.1
    APU
    332800444231

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $960,000
      6.5%
      $885,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $734,000
      Market price range: $272k - $735k
      AI Estimate
      $763,000
      Market price range: $249k - $764k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $555,000
      Current use
      OFFICE BUILDING
      $1,255,000
      Change: +126% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,100,000
      Change: +98% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $625,000
      Change: +12% Conversion: Moderate
      WAREHOUSE, STORAGE
      $570,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Jervis
    County
    Orange
    State
    New York
    Longitude
    -74.7132
    Latitude
    41.395
    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
    $36,000
    $299,100
    $335,100
    -
    $95,946
    $797,154
    $893,100

    Comparable in this City

    • Value Estimation
      $540,000
      4,489 SF

      51 Us Hwy 6th 6

      SHOW ROOM, WAREHOUSE • 4,489 SF
      51 Us Hwy 6th 6, Port Jervis, NY 12771-2330
      View Details
    • Value Estimation by Request
      2,359 SF

      20-22 Fowler St

      FINANCIAL BUILDING • 2,359 SF
      20-22 Fowler St, Port Jervis, NY 12771
      View Details
    • Value Estimation by Request
      4,346 SF

      205 Main St

      FINANCIAL BUILDING • 4,346 SF
      205 Main St, Port Jervis, NY 12771-2207
      View Details
    • Value Estimation by Request
      9,107 SF

      13 Sussex St

      FINANCIAL BUILDING • 9,107 SF
      13 Sussex St, Port Jervis, NY 12771-2422
      View Details
    • Value Estimation
      $1,450,000
      3,203 SF

      13 Hammond St

      FINANCIAL BUILDING • 3,203 SF
      13 Hammond St, Port Jervis, NY 12771
      View Details
    • Value Estimation by Request
      6,480 SF

      255 Main St

      Individual retail properties • 6,480 SF
      255 Main St, Port Jervis, NY 12771
      View Details

    Similar Nearby for Sale

    • $999,000
      14,592 SF

      Retail Building in Port Jervis

      Retail building with long-term tenants in downtown Port Jervis.
      40 Front St, Port Jervis, NY 12771
      View Details
    • $539,900

      Mixed-Use Property in Port Jervis

      Over 7,000 sqft commercial/residential/office/living space/storefront and warehouse.
      157 Ball St, Port Jervis, NY 12771
      View Details
    • $1,099,000
      5,200 SF

      Retail/Vehicle Property in Port Jervis

      5,200 SF building with showroom, service bays, and parking.
      73-77 Kingston Ave, Port Jervis, NY 12771
      View Details
    • $439,900

      Historic Mixed-Use Building For Sale

      Mixed-use building with retail space and two apartments.
      92 Front St, Port Jervis, NY 12771
      View Details
    • Contact for pricing
      3,206 SF

      Retail Property in Port Jervis

      Retail property with 3,206 SF building on 0.59 acres.
      13 Hammond St, Port Jervis, NY 12771
      View Details
    • $999,000
      4,000 SF

      Port Jervis Automotive Center

      Retail/Garage Investment Opportunity
      73 Kingston Ave, Port Jervis, NY 12771
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Mixed-Use Property in Port Jervis

      Mixed-use property suitable for retail or service-based businesses.
      141 Pike St, Port Jervis, NY 12771
      View Details
    • $1,700 /Mo

      Modern Retail/Office Space Available

      High-visibility retail/office space with flexible options near Interstate 84.
      22 Us Highway 6, Port Jervis, NY 12771
      View Details
    • $1.00 SF/Yr
      9,304 SF

      Versatile Commercial Land in Port Jervis

      Cleared and paved commercial land suitable for various business uses.
      48 Sussex St, Port Jervis, NY 12771
      View Details
    • $12 SF/Yr
      80,219 SF

      Pike Street Retail Center Investment

      Port Jervis, NY Shopping Center - 7,240 SF Available
      100 Pike St, Port Jervis, NY 12771
      View Details
    • $1,600 /Mo
      3,920 SF

      Port Jervis Office Space Available

      Spacious office with river views, customizable layout, and ample parking.
      9 Thompson St, Port Jervis, NY 12771
      View Details
    • $600 /Mo
      2,644 SF

      Port Jervis Office Suite For Rent

      Second floor office suite with utilities included, near NYC trains.
      84 Front St Unit, Port Jervis, NY 12771
      View Details
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    2 Corso Rd
    Port Jervis, NY 12771
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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.

    More about this property
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