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    3 Pulcher Ave Greenport, NY 12534
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    3 Pulcher Ave Greenport, NY 12534

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    • Commercial land
    For Sale
    $139,000
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    Versatile 1.04 Acre Parcel For Sale
    $139,000
    1.04 Acres

    Versatile 1.04 Acre Parcel

    1.04-acre parcel with no zoning restrictions in desirable location.

    Lot 3 Pulcher Ave, Greenport, NY 12534
    View Listing
    Property ID
    US63-2073856
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3 Pulcher Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Discover the potential of this 1.04-acre parcel, a rare opportunity in a highly desirable location. With no zoning restrictions, this flat, vacant lot offers endless possibilities for commercial, residential, or mixed-use development. Leasing options are also available, providing flexibility for a variety of business ventures. Ideally situated next to the rail trail and popular shopping centers, this property benefits from high visibility and foot traffic, making it perfect for retail, office space, or other commercial enterprises. Additionally, this lot is available as part of a larger package deal, offering an excellent opportunity for investors looking to expand their portfolio. Don't miss out on this prime investment schedule a viewing today! Note: Buyers are responsible for verify Hudson

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenport
    County
    Suffolk
    State
    New York
    Longitude
    -73.7573993
    Latitude
    42.2762236

    Comparable in this City

    • $639,000

      Prime Development Site in Greenport

      5-acre level site near Hudson with development potential.
      2 Merle Ave, Hudson, NY 12534
      View Details
    • $75,000
      0.75 Acres

      Land Parcel Near Amtrak Station

      0.28 acre parcel near Amtrak station with development potential.
      31 Pulcher Ave, Hudson, NY 12534
      View Details
    • $109,000
      1.04 Acres

      One Acre Land Parcel Hudson

      One acre land parcel in Hudson, NY near Amtrak station.
      25 Pulcher Ave, Hudson, NY 12534
      View Details
    • $750,000

      Hudson Development Site on Warren

      Prime development opportunity in Hudson's Opportunity Zone.
      411 Warren St, Hudson, NY 12534
      View Details

    Similar Nearby for Sale

    • $639,000

      Prime Development Site in Greenport

      5-acre level site near Hudson with development potential.
      2 Merle Ave, Hudson, NY 12534
      View Details
    • $75,000
      0.75 Acres

      Land Parcel Near Amtrak Station

      0.28 acre parcel near Amtrak station with development potential.
      31 Pulcher Ave, Hudson, NY 12534
      View Details
    • $109,000
      1.04 Acres

      One Acre Land Parcel Hudson

      One acre land parcel in Hudson, NY near Amtrak station.
      25 Pulcher Ave, Hudson, NY 12534
      View Details
    • $750,000

      Hudson Development Site on Warren

      Prime development opportunity in Hudson's Opportunity Zone.
      411 Warren St, Hudson, NY 12534
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Warren Street Retail Space

      Charming retail space in Hudson's thriving business district.
      362-1/2 Warren St, Hudson, NY 12534
      View Details
    • $1,450 /Mo
      2,500 SF

      Office Space with Private Bathroom

      Office space for rent featuring a private bathroom.
      84 Green St, Hudson, NY 12534
      View Details
    • $2,900 /Mo
      18,000 SF

      Creative Office Space Available

      1700' creative office space for rent, utilities included.
      32-40 Allen St, Hudson, NY 12534
      View Details
    • Contact for pricing
      1,500 SF

      Warren Street Creative Retail Space

      Unique space in Hudson's thriving business district.
      362-1/2 Warren St, Hudson, NY 12534
      View Details
    • Contact for pricing

      Hudson Retail Space For Lease

      Retail spaces available in Hudson's main commercial corridor.
      300 Fairview Ave, Hudson, NY 12534
      View Details
    • $775 /Mo
      4,500 SF

      Historic Townhouse Commercial Rental

      Commercial space in historic Hudson townhouse, prime location on Warren.
      518 Warren St, Hudson, NY 12534
      View Details
    View Listing
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    3 Pulcher Ave
    Greenport, NY 12534
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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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    3 Pulcher Ave, Greenport, NY, 12534
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