Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28 Main St Florida, NY 10921-1328
    Back to Search
    Property profile & analytics

    28 Main St, Florida, NY 10921-1328

    View on Map
    • Investment properties
    • 7,372 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US63-0024186
    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
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barrel 28 / Restaurant
    • NY State Assemblyman Karl A. Brabenec / Government Office
    • Sweet Onion Brewhouse / Bar & Pub / Restaurant

    Property Details for 28 Main St

    Year built
    2014
    Lot size
    0.21 lot acres
    Zone code
    401
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    335401 105-1-18
    APU
    335401105118

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 7, 2020 — Buddy Two LLC — Deed · related $619k · Salisbury Bk&tr
    Oct 5, 2012 $400,000 Buddy Two LLC Colman,kevin J Grant Deed —
    Feb 25, 2004 $425,000 Kevin J Colman Colman,elizabeth & Terence Warranty Deed · related —
    — — Buddy Two LLC — Deed Of Trust · related $750k · Riverside Bk
    — — Buddy Two LLC — Loan Modification · related $619k · Salisbury Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $890,000
      Market price range: $630k - $1.56M
      AI Estimate
      $550,000
      Market price range: $252k - $956k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,045,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Florida
    County
    Orange
    State
    New York
    Longitude
    -74.3575
    Latitude
    41.3327
    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
    $15,400
    $58,600
    $74,000
    -
    $166,486
    $633,514
    $800,000

    Comparable in this City

    • Value Estimation by Request
      4,358 SF

      46 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      46 Main St, Florida, NY 10921-1348
      View Details
    • Value Estimation
      $505,000
      6,532 SF

      22 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      22 Main St, Florida, NY 10921-1315
      View Details
    • Value Estimation by Request
      720 SF

      6 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Main St, Florida, NY 10921
      View Details
    • Value Estimation
      $675,000
      7,977 SF

      2 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      2 Main St, Florida, NY 10921-1358
      View Details
    • Value Estimation
      $510,000
      5,007 SF

      74 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      74 Main St, Florida, NY 10921-1335
      View Details
    • Value Estimation by Request
      4,960 SF

      42 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      42 Main St, Florida, NY 10921-1359
      View Details

    Similar Nearby for Sale

    • $569,000
      Pending

      Spacious Updated Two-Family Home

      Updated two-family home in Florida, NY, ideal for investors.
      36 Houston St, Florida, NY 10921
      View Details
    • $1,300,000
      0.69 Acres

      Income Producing Ranch Cottage Estate

      Luxurious home with income-producing cottage in a prime location.
      30 Werner Ave, Florida, NY 10921
      View Details
    • $110,000
      11.00 Acres

      Large Lot in Florida Village

      Private village lot in Orange County, priced for immediate sale.
      225 Village Dr, Florida, NY 10921
      View Details
    • $13,500,000
      72.00 Acres

      Premier Wholesale Plant Center

      Established Nursery & Stone Yard - 72 Acres
      141 Glenmere Ave, Florida, NY 10921
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Retail Space in Village of Florida

      First floor retail space in the heart of Florida.
      42 N Main St, Florida, NY 10921
      View Details
    • $380 /Mo
      12,192 SF

      Renovated Office Space in Florida

      190 sq ft renovated office space in Florida, NY.
      62 N Main St, Florida, NY 10921
      View Details
    • $1,600 /Mo

      Corner Office Suite with Large Windows

      First-floor office space in the Allison Brook Building with large corner windows for bright, visible street presence.
      2 N Main St, Florida, NY 10921
      View Details
    • $1,600 /Mo
      5,340 SF

      Office Space in Florida, NY

      Office space available in the Allison Brook Building.
      2 N Main St, Florida, NY 10921
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28 Main St
    Florida, NY 10921-1328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28 Main St, Florida, NY, 10921
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!