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Property profile & analytics
FOR LEASE
Strip malls
246 Main St, New Paltz, NY 12561
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-0335727
For Lease
1 / 36
$16 SF/Yr
246 Main St, New Paltz, NY 12561
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
15,124 SF
Lot
2.5 ac (108,900 SF)
Zoning code
B2
APN
513889 86.12-1-19
UPID
US63-0335727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Studio One Hair Design Hair Salon Nail Salon
-
Gadaleto's Seafood Market & Eatery Specialty Food Shop Fish Market
-
Jim DeMaio - State Farm Insurance Insurance Agency
-
Sugrue Jeri M Medical Clinic
-
Cherry Hill Center Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward T Hill
Edward T Hill
2 recorded transactions
Zoning & alternative use
B2 · New Paltz, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Paltz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Paltz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,434,500
Assessed 2023
Previous assessed
$1,434,500
+0.0% YoY
Assessed land
$190,600
Assessed improvement
$1,243,900
Land market value
$288,788
Improvement market value
$1,884,697
Total market value
$2,173,485
Applied tax rate
513,801.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1970
Heating
NONE
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
15,124 SF
Lot
2.5 ac (108,900 SF)
Zoning code
B2
APN
513889 86.12-1-19
UPID
US63-0335727
Jurisdiction
ULSTER
Zoning & alternative use
B2 · New Paltz, NY
Zoning B2 · permitted uses
B2 · New Paltz, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Paltz. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Edward T Hill
Individual
Mailing address
PO BOX 1012, PORT EWEN, NY 12466-1012
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Edward T Hill
—
Deed Of Trust
related
$400,000 · Wilber National Bank
—
—
Edward T Hill
—
Deed Of Trust
related
$600,000 · Wilber National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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