Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 State Rte 17b Monticello, NY 12701

    • Mobile home & RV parks
    • 1,600 SF
    • 72.96 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2000243
    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

    • Mobile home & RV parks

    Property Details for 315 State Rte 17b

    Year built
    1960
    Lot size
    72.96 lot acres
    Property size
    1,600 SF
    Zone code
    CI / RR1
    Property type
    Mobile home & RV parks
    APN
    484689 18.-1-12
    APU
    48468918112

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $287k - $625k

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.7293
    Latitude
    41.664

    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
    $6,412,100
    $2,798,000
    $9,210,100
    -
    $12,824,200
    $5,596,000
    $18,420,200

    Comparable in this City

    • Value Estimation by Request
      450 SF

      24 Van Kueren Dr

      MOBILE HOME PARK, TRAILER PARK • 450 SF
      24 Van Kueren Dr, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      1,200 SF

      336 State Rte 17th, Unit 394

      MOBILE HOME PARK, TRAILER PARK • 1,200 SF
      336 State Rte 17th, Monticello, NY 12701-3550
      View Details
    • Value Estimation by Request
      620 SF

      762 Sackett Lk Rd

      CAMPGROUND, RV PARK • 620 SF
      762 Sackett Lk Rd, Monticello, NY 12701-4714
      View Details
    • Value Estimation
      $600,000
      3,040 SF

      178 Roosevelt Rd

      CAMPGROUND, RV PARK • 3,040 SF
      178 Roosevelt Rd, Monticello, NY 12701-4708
      View Details
    • Value Estimation
      $535,000
      1,885 SF

      4 Dom Dr

      MOBILE HOME PARK, TRAILER PARK • 1,885 SF
      4 Dom Dr, Monticello, NY 12701-3152
      View Details
    • Value Estimation
      $3,980,000
      39,176 SF

      473 Anawana Lk Rd

      CAMPGROUND, RV PARK • 39,176 SF
      473 Anawana Lk Rd, Monticello, NY 12701
      View Details

    Similar Nearby for Sale

    • $974,900
      5,443 SF

      Versatile Mixed-Use Property in Monticello

      Mixed-use property with garage, rental unit, and development potential.
      36 Cold Spring Rd, Monticello, NY 12701
      View Details
    • $325,000
      1,575 SF

      Monticello Multi-Family Home

      Multi-family home in desirable location near shopping and transportation.
      24 Pleasant View Ave, Monticello, NY 12701
      View Details
    • $295,000

      Monticello Two-Family Home For Sale

      Legal two-family residence with income potential in Monticello, NY.
      7 Osborne St, Monticello, NY 12701
      View Details
    • New
      $525,000
      0.70 Acres

      Monticello Multifamily Property For Sale

      Three renovated houses on one lot, generating $4900 monthly.
      105-107 E Cold Spring Rd, Monticello, NY 12701
      View Details
    • $285,000
      1,568 SF

      Monticello Duplex with Income Potential

      Spacious duplex in Monticello, NY, ideal for extended living.
      62 Clinton Ave, Monticello, NY 12701
      View Details
    • $315,000

      Monticello Two-Family Investment Property

      Two-family property in Monticello with strong rental potential and pool.
      23 York Ave, Monticello, NY 12701
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      286 SF

      Restored Office Space in Monticello

      Upscale office spaces in a restored building in Monticello.
      456 Broadway, Monticello, NY 12701
      View Details
    • $550 /Mo
      100 SF

      Upscale Office Space in Monticello

      Restored office spaces with utilities and WiFi included.
      456 Broadway, Monticello, NY 12701
      View Details
    • $550 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      456 Broadway 310, Monticello, NY 12701
      View Details
    • $750 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      456 Broadway 307, Monticello, NY 12701
      View Details
    • $775 /Mo

      Retail Space Available For Rent

      Retail space available for lease in Monticello, NY.
      456 Broadway 308, Monticello, NY 12701
      View Details
    • $2,500 /Mo

      Monticello Retail Space For Rent

      High-traffic retail space in Monticello Village, recently renovated.
      497 Broadway, Monticello, NY 12701
      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.
    315 State Rte 17b
    Monticello, NY 12701
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.