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    Property profile & analytics

    2679 Rte 17m New Hampton, NY 10958

    • Office buildings
    • 4,840 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0224426
    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

    • Office buildings

    Property Details for 2679 Rte 17m

    Year built
    2001
    Lot size
    1.50 lot acres
    Property size
    4,840 SF
    Zone code
    2092
    Property type
    Office buildings
    APN
    333089 12-1-114
    APU
    333089121114

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,271,000
      Market price range: $587k - $1.29M
      AI Estimate
      $723,000
      Market price range: $200k - $786k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $920,000
      Current use
      RETAIL STORES
      $1,000,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $810,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hampton
    County
    Orange
    State
    New York
    Longitude
    -74.3742
    Latitude
    41.397
    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
    $99,600
    $326,700
    $426,300
    -
    $239,993
    $787,207
    $1,027,200

    Comparable in this City

    • Value Estimation by Request
      1,284 SF

      5063 Rte 17m

      OFFICE BUILDING • 1,284 SF
      5063 Rte 17m, New Hampton, NY 10958-4809
      View Details
    • Value Estimation by Request
      690 SF

      Filomena Private Dr

      OFFICE BUILDING • 690 SF
      Filomena Private Dr, New Hampton, NY 10958
      View Details
    • Value Estimation by Request
      1,851 SF

      5065 Rte 17m

      OFFICE BUILDING • 1,851 SF
      5065 Rte 17m, New Hampton, NY 10958-4809
      View Details
    • Value Estimation by Request
      1,428 SF

      96 Bates Gates Rd

      OFFICE BUILDING • 1,428 SF
      96 Bates Gates Rd, New Hampton, NY 10958-3315
      View Details
    • Value Estimation by Request
      24.70 Acres

      70 Bates Gates Rd

      OFFICE BUILDING • 24.70 Acres
      70 Bates Gates Rd, New Hampton, NY 10958-3315
      View Details
    • Value Estimation
      $565,000
      2,772 SF

      5070 Rte 17m

      OFFICE BUILDING • 2,772 SF
      5070 Rte 17m, New Hampton, NY 10958-7500
      View Details

    Similar Nearby for Sale

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    • $658,000
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      Multifamily Property in Wawayanda, NY

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      Land on High Traffic Roadway

      Land with easy access to major interstates.
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    • $100,000
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      Land For Sale, New Hampton

      Land available in a quiet cul de sac.
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    • $55,000
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      Residential Lot in New Hampton

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      Charming 1820s Two-Family Estate

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    Similar Nearby for Lease

    • $3,000 /Mo
      78,408 SF

      Professional Office Space For Rent

      Office space on busy corridor between Goshen and Middletown, NY.
      2713 Route 17M, New Hampton, NY 10958
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    • $3,500 /Mo
      200,376 SF

      New Hampton Warehouse with Office

      Warehouse with office space, suitable for contractors and small distribution.
      384 Onion Ave, New Hampton, NY 10958
      View Details
    • $600 /Mo
      78,408 SF

      Professional Office Space Available

      Office space for accounting, engineer/architect, legal or mental health.
      2713 Route 17M, New Hampton, NY 10958
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    • $3,500 /Mo
      148,104 SF

      New Hampton Commercial Property For Rent

      Commercial property in New Hampton, NY, suitable for farm-related use.
      11 Old Celery Ave, New Hampton, NY 10958
      View Details
    • $2,000 /Mo
      200,376 SF

      New Hampton Warehouse Space Available

      Clean, spacious warehouse for rent, ideal for contractors/tradesmen.
      384 Onion Ave, New Hampton, NY 10958
      View Details
    • $6,000 /Mo
      3,496 SF

      Middletown Retail Space For Lease

      Retail space with drive-thru, counter, and table service available for lease.
      4932 Route 17M, Middletown, NY 10958
      View Details
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    2679 Rte 17m
    New Hampton, NY 10958
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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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