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

    2 Van Buren Dr, Unit 111 Monroe, NY 10950-5839

    • Investment properties
    • 4,677 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5050608
    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

    • Rayim / Corporate Office
    • Rayim of Hudson Valley / Crisis Center / Medical Clinic
    • Maria Guldan / Foster Care Service / Social Service Agency
    • Little Steps / Physician
    • Yoffi Hair Cuts - יופי שערן עקספיריענס / Hair Salon

    Property Details for 2 Van Buren Dr

    Year built
    2012
    Lot size
    0.08 lot acres
    Property size
    4,677 SF
    Zone code
    PD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    336001 304-5-1.221
    APU
    33600130451221

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $625,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $400,000
      Market price range: $230k - $695k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.1705
    Latitude
    41.3388
    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
    $12,000
    $77,900
    $89,900
    -
    $77,419
    $502,581
    $580,000

    Comparable in this City

    • Value Estimation by Request
      3,828 SF

      41 Satmar Dr, Unit 101-301

      OFFICE/RESIDENTIAL (MIXED USE) • 3,828 SF
      41 Satmar Dr, Monroe, NY 10950-8836
      View Details
    • Value Estimation by Request
      2,288 SF

      13 Lks Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,288 SF
      13 Lks Rd, Monroe, NY 10950-2647
      View Details
    • Value Estimation
      $690,000
      6,456 SF

      12 Hayes Ct101-302

      OFFICE/RESIDENTIAL (MIXED USE) • 6,456 SF
      12 Hayes Ct101-302, Monroe, NY 10950-3864
      View Details
    • Value Estimation by Request
      2,236 SF

      7 Zenta Rd, Unit 101

      OFFICE/RESIDENTIAL (MIXED USE) • 2,236 SF
      7 Zenta Rd, Monroe, NY 10950-6273
      View Details
    • Value Estimation by Request
      1,842 SF

      161 Acres Rd, Unit 101

      OFFICE/RESIDENTIAL (MIXED USE) • 1,842 SF
      161 Acres Rd, Monroe, NY 10950-6424
      View Details
    • Value Estimation by Request
      2,000 SF

      15 Hayes Ct, Unit 103

      OFFICE/RESIDENTIAL (MIXED USE) • 2,000 SF
      15 Hayes Ct, Monroe, NY 10950-7800
      View Details

    Similar Nearby for Sale

    • $500,000
      4.60 Acres

      Monroe Land Parcel For Sale

      4.6 acres of land in Monroe, NY with subdivision potential.
      2 Orch & Palmer St, Monroe, NY 10950
      View Details
    • $549,900
      Pending

      Versatile Commercial Space in Monroe

      Prime commercial property in high-traffic Monroe location.
      14 Lakes Rd, Monroe, NY 10950
      View Details
    • $8,995,000

      Monroe Multifamily Development Opportunity

      56 acres with 10 buildings, private lake, development potential.
      32-55 Claire Dr, Monroe, NY 10950
      View Details
    • $875,000
      Pending

      Pine Tree Road Property

      Property on Pine Tree Rd, Monroe, NY for sale.
      180-184 Pine Tree Rd, Monroe, NY 10950
      View Details
    • $2,750,000
      10,900 SF

      Monroe Medical Investment Opportunity

      Fully leased medical property with established tenant and long-term lease.
      503-505 State Route 208, Monroe, NY 10950
      View Details
    • $415,000
      Pending

      Charming Vintage Multifamily Property

      Vintage multifamily property with income potential in a serene setting.
      425 Old Dutch Hollow Rd, Monroe, NY 10950
      View Details

    Similar Nearby for Lease

    • $4,900 /Mo

      Downtown Monroe Professional/Medical Space

      High-ceiling space with natural light in downtown Monroe.
      23 Lake St, Monroe, NY 10950
      View Details
    • Contact for pricing
      4,320 SF

      Retail Pad Sites with Drive-Thru

      Retail spaces with drive-thru, easy access to major routes.
      128 Bailey Farm Rd, Monroe, NY 10950
      View Details
    • $25 SF/Yr
      11,086 SF

      Versatile Commercial Garage Space Available

      2,750+/- SF commercial space in Monroe, NY for lease.
      8 State Route 17M, Monroe, NY 10950
      View Details
    • $6,000 /Mo

      Versatile Commercial Space for Rent

      Spacious commercial space with high visibility and flexible build-out options.
      330 Stage Rd, Monroe, NY 10950
      View Details
    • $35 SF/Yr

      Restored Landmark Hospitality Property

      Four-story, renovated property suitable for hospitality or restaurant ventures.
      236 High St, Monroe, NY 10950
      View Details
    • $700 /Mo

      Office Space For Rent

      Centrally located office space available for immediate use.
      106 Stage Rd, Monroe, NY 10950
      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.
    2 Van Buren Dr, Unit 111
    Monroe, NY 10950-5839
    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!