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    360 State Route 17M Monroe, NY 10950
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    Property profile & analytics

    360 State Route 17M, Monroe, NY 10950

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    • Investment properties
    • 9,754 SF
    • 2.00 lot acres
    For Sale
    $2,900,000
    View Listing →
    Professional Building on Route 17M For Sale
    $2,900,000
    9,754 SF

    Professional Building on Route 17M

    High-quality brick building with five separate bays and ample parking.

    360 State Route 17m, Monroe, NY 10950
    View Listing
    Property ID
    US63-2616665
    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
    3.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 360 State Route 17M

    Year built
    2008
    Lot size
    2.00 lot acres
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    334089 25-2-1
    APU
    3340892521

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2025 — 360 RT 17m LLC — Deed · related $28k · Trenton Business Assistance Corporation
    Apr 7, 2025 $2,750,000 360 RT 17m LLC Monroe Mews LLC Deed $1.4M · Cross River Bank
    Jun 20, 2006 — Monroe Mews LLC Torsoe Properties INC Warranty Deed · related —
    — — Monroe Mews LLC — Loan Modification · related $1.1M · M&t Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,535,000
      ML approach
      $2,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,338,000
      Market price range: $827k - $3.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,925,000
      Current use
      RESTAURANT
      $3,005,000
      Change: +56% Conversion: Difficult
      RETAIL STORES
      $2,015,000
      Change: +5% Conversion: Easy
      OFFICE BUILDING
      $1,855,000
      Change: -4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,630,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.1662
    Latitude
    41.3154
    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
    $56,600
    $188,200
    $244,800
    -
    $461,655
    $1,535,045
    $1,996,700

    Comparable in this City

    • Value Estimation by Request
      4,712 SF

      20 Millpond Pkwy

      OFFICE/RESIDENTIAL (MIXED USE)
      20 Millpond Pkwy, Monroe, NY 10950-3565
      View Details
    • Value Estimation by Request
      3,356 SF

      107 Stage Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      107 Stage Rd, Monroe, NY 10950-3554
      View Details
    • Value Estimation by Request
      1,856 SF

      138 Stage Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      138 Stage Rd, Monroe, NY 10950-3513
      View Details
    • Value Estimation by Request
      2,524 SF

      127 Stage Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      127 Stage Rd, Monroe, NY 10950-3500
      View Details
    • Value Estimation by Request
      3,553 SF

      106 Stage Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      106 Stage Rd, Monroe, NY 10950-3551
      View Details
    • Value Estimation by Request
      2,928 SF

      707 State Rte 17m

      OFFICE/RESIDENTIAL (MIXED USE)
      707 State Rte 17m, Monroe, NY 10950-2614
      View Details

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      Office Building in Commercial District

      Office building with parking in a walkable, bikeable location.
      101 Stage Rd, Monroe, NY 10950
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    Similar Nearby for Lease

    • $6,000 /Mo

      Versatile Commercial Space for Rent

      Spacious commercial space with high visibility and flexible build-out options.
      330 Stage Rd, Monroe, NY 10950
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    • $25 SF/Yr

      Monroe Commercial Parking Lot Lease

      Paved parking lot for lease near Route 17M and I-87.
      320 State Route 17M, Monroe, NY 10950
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      4,320 SF

      Retail Pad Sites with Drive-Thru

      Retail spaces with drive-thru, easy access to major routes.
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    • $18 SF/Yr
      222,156 SF

      Warehouse Space in Desirable Location

      Warehouse space for storage, distribution, and commercial uses.
      66 Mangin Rd, Monroe, NY 10950
      View Details
    View Listing
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    360 State Route 17M
    Monroe, NY 10950
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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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