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    219 Plattekill Ardonia Rd Wallkill, NY 12589
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    Property profile & analytics

    219 Plattekill Ardonia Rd, Wallkill, NY 12589

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    • Mixed-use properties
    Off-Market
    Property ID
    US63-1215647
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turtle Creek Golf Course at Garden Cathay / Golf Course

    Property Details for 219 Plattekill Ardonia Rd

    Year built
    1970
    Property type
    Mixed-use properties

    Description

    This exceptional 120-acre Hudson Valley property presents a unique investment opportunity. The estate boasts a fully operational restaurant, banquet hall, and catering facility capable of hosting up to 200 guests for weddings, corporate events, or other large gatherings. Amenities include a cocktail lounge and multiple renovated bathrooms. A nine-hole public golf course and a 250-yard driving range are key features, with potential for future course expansion. A modern pro shop and several additional outdoor buildings are also included. Adding to the property's appeal are two well-maintained residential homes strategically located on the expansive grounds. The property's prime location offers convenient access to major transportation arteries, including the New York State Thruway (I-84), Metro-North Railroad, and Stewart International Airport. Detailed inventory and equipment information will be provided to qualified buyers upon request. This remarkable property offers endless possibilities for expansion and diversification within a thriving market. The asking price is $6,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallkill
    County
    Ulster
    State
    New York
    Longitude
    -74.07482
    Latitude
    41.63109

    Comparable in this City

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    • $325,000
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      Commercial Land in Plattekill, NY

      4-acre commercial property near NYS Thruway and Interstate 84.
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    • $450,000

      Versatile Commercial Building in Wallkill

      Spacious commercial building in the heart of Wallkill, New York.
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    Similar Nearby for Sale

    • $745,000

      Commercially Zoned Land on Route 17

      19.30-acre commercially zoned property with frontage on New York State Route 17.
      90 Freetown Rd, Wallkill, NY 12589
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    • $325,000
      4.00 Acres

      Commercial Land in Plattekill, NY

      4-acre commercial property near NYS Thruway and Interstate 84.
      1136 Rte 32, Plattekill, NY 12589
      View Details
    • $450,000

      Versatile Commercial Building in Wallkill

      Spacious commercial building in the heart of Wallkill, New York.
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    Similar Nearby for Lease

    • $1,500 /Mo

      Renovated Retail/Office Space Available

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      3063 State Route 208, Wallkill, NY 12589
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    • $1,500 /Mo
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      Renovated Commercial Space on Route

      ADA-compliant space for retail or office use in Wallkill.
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    • Contact for pricing

      Renovated Storefront with High Visibility

      3,000 SF renovated storefront ideal for retail or restaurant.
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    • $1,500 /Mo

      Renovated Retail/Office Space Available

      ADA-compliant space in high-traffic area, suitable for retail/office.
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    Wallkill, NY 12589
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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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