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    2401 State Rte 208 Walden, NY 12586
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    Property profile & analytics

    2401 State Rte 208, Walden, NY 12586

    View on Map
    • Industrial properties
    • 27,159 SF
    • 13.50 lot acres
    Off-Market
    Property ID
    US63-6254003
    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
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2401 State Rte 208

    Year built
    1982
    Lot size
    13.50 lot acres
    Property type
    Industrial properties
    APN
    334289 12-1-48.1
    APU
    334289121481

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2024 — Dmsny Hldg LLC — Deed · related $1.5M · First Bank
    Jan 9, 2019 — Dmsny Holdings LLC Messco Building Supply Quit Claim Deed · related $81k · Peoples United Bank
    May 17, 2017 — Messco Building Supply INC — Deed · related $1.3M · Bank Of America
    Mar 18, 2015 $1,407,000 Messco Building Supply INC 1219 LLC Grant Deed —
    Oct 27, 2009 $1,350,000 1219 LLC Segal Associates Grant Deed —
    Jul 21, 2005 $1,309,672 Segal Assoc Of Nj Bradco Realty Corp Warranty Deed —
    Aug 27, 2004 $1,300,000 Bradco Realty Co Wickes Lumber Warranty Deed —
    Dec 29, 2000 — Wickes INC — Deed Of Trust · related $3.4M · Fleet Retail Finance INC
    — — Reed,james P Living Trust — Loan Modification · related $1.5M · Catskill Hudson Bk
    — — Dmsny Holdings LLC — Loan Modification · related $1.4M · People's United Bk
    — — Messco Building Supply INC — Deed Of Trust · related $1.3M · Bank Of America
    — — Messco Building Supply INC — Loan Modification, Consolidation And Extension · related $1.3M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      LUMBERYARD, BUILDING MATERIALS
      $1,400,000
      Current use
      WAREHOUSE, STORAGE
      $1,360,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Walden
    County
    Orange
    State
    New York
    Longitude
    -74.1987
    Latitude
    41.5411
    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
    $149,000
    $551,000
    $700,000
    -
    $354,769
    $1,311,931
    $1,666,700

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Main S St

      INDUSTRIAL (GENERAL)
      Main S St, Walden, NY 12586
      View Details
    • Value Estimation by Request
      2.40 Acres

      1025 State Rte 52

      INDUSTRIAL (GENERAL)
      1025 State Rte 52, Walden, NY 12586
      View Details
    • Value Estimation
      $800,000
      8,559 SF

      151 Bowne Dr

      INDUSTRIAL (GENERAL)
      151 Bowne Dr, Walden, NY 12586-2832
      View Details
    • Value Estimation by Request
      17,000 SF

      511 Ny-17K

      Flex space
      511 Ny-17K, Walden, NY 12586
      View Details
    • Value Estimation by Request
      100,000 SF

      2736 Ny-208

      Distribution properties
      2736 Ny-208, Walden, NY 12586
      View Details
    • Value Estimation by Request
      4,752 SF

      71 Orange Ave

      INDUSTRIAL (GENERAL)
      71 Orange Ave, Walden, NY 12586-1816
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,465 SF

      Versatile Warehouse/Manufacturing/Office Facility For Sale

      82,000 SF warehouse/manufacturing/office facility on 14.4 acres.
      150 Coldenham Rd, Walden, NY 12586
      View Details
    • $2,950,000

      New Warehouse with High Ceilings

      New 12,000 sq ft warehouse suitable for distribution, manufacturing.
      735 State Route 52, Walden, NY 12586
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    • $549,999
      0.41 Acres

      Mixed-Use Building in Walden, NY

      Commercial and residential building in the heart of Walden.
      36 Orange Ave, Walden, NY 12586
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    Similar Nearby for Lease

    • Contact for pricing

      Warehouse, Manufacturing, and Office Facility

      82,000 SF warehouse/manufacturing/office facility on 14.4 acres.
      150 Coldenham Rd, Walden, NY 12586
      View Details
    • $13 SF/Yr

      New Warehouse and Flex Space

      Recently built warehouse and flex space with I-84 access.
      2445 State Route 208, Walden, NY 12586
      View Details
    • Contact for pricing
      2,407 SF

      Retail Space in Walden Plaza

      Retail space available in a busy shopping center.
      76 Thruway Shop Cnt Plz, Walden, NY 12586
      View Details
    • Contact for pricing
      4,245 SF

      Retail Space in Walden Plaza

      Retail space available in a busy shopping center.
      78 Thruway Shop Cnt Plz, Walden, NY 12586
      View Details
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    2401 State Rte 208
    Walden, NY 12586
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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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    2401 State Rte 208, Walden, NY, 12586
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