2736 State Route 208, Walden, NY 12586
This exceptional 35.4-acre property in Walden, NY, presents a unique investment opportunity. The existing infrastructure includes over 100,000 square feet of covered and heated quonset and gutter-connected greenhouses, ideal for a variety of agricultural uses. Heating systems are primarily propane, with some oil-fired units, all in excellent condition. Five active wells provide irrigation across the entire parcel, managed via a dedicated water treatment room equipped with an H.E. Anderson fertilizer and acid injection system for precise pH control. The property boasts two 400-amp electrical services and an 80kW generator with an automatic transfer switch, ensuring reliable power. A 1,200-square-foot office provides ample space for administrative functions, conveniently located near loading platforms. The property benefits from an agricultural exemption, resulting in low annual taxes (under $12,000). The existing R.A-.5 acre residential zoning remains in effect. The climate control systems, including heating, cooling, and shading, are computer-operated for optimal efficiency. This property offers significant expansion potential for existing growers or new entrants to the market, with easy access to NYC transportation. The property has a history of successfully growing herbs and flowers for high-end markets in the tri-state area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.