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    416 Main St Middletown, NY 10940-2593
    Property profile & analytics

    416 Main St, Middletown, NY 10940-2593

    View on Map
    • Retail space
    • 12,960 SF
    • 1.30 lot acres
    Off-Market
    Last Sale May 3, 2023
    $1,200,000
    Property ID
    US63-2663414
    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
    $1,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Le JARDIN DECORATIVE ARTS DIY Studio and Gift Shop / Vocational School
    • Mitch The Barber / Barber Shop
    • House of Shaves barbershop / Barber Shop
    • Gervic Auto Body Supply / Auto Parts Store / (Bike/Boat/Book/etc) Store
    • Jenn the Barber / Barber Shop

    Property Details for 416 Main St

    Year built
    1987
    Lot size
    1.30 lot acres
    Zone code
    R1
    Property type
    Retail space
    APN
    335200 73-1-1.22
    APU
    335200731122

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2023 $1,200,000 416 E Main LLC Gpdc Realty LLC Deed $800k · Gpdc Rlty
    Jun 16, 2010 — Gpdc Realty LLC Sardella,gerald & Victor JR Grant Deed · related —
    Dec 30, 2008 — Gerald Sardella Sardella,victor Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,095,000
      ML approach
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,268,000
      Market price range: $1.27M - $3.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3941
    Latitude
    41.4438
    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
    $19,500
    $169,300
    $188,800
    -
    $134,486
    $1,167,614
    $1,302,100

    Comparable in this City

    • Value Estimation
      $6,495,000
      13,602 SF

      363 Rte 211th E

      RETAIL STORES (PERSONAL SERVICES)
      363 Rte 211th E, Middletown, NY 10940-2117
      View Details
    • Value Estimation
      $1,165,000
      11,068 SF

      1 Fitzgerald Dr

      RETAIL STORES (PERSONAL SERVICES)
      1 Fitzgerald Dr, Middletown, NY 10940-3059
      View Details
    • Value Estimation by Request
      1.01 Acres

      203 Wickham Ave

      RETAIL STORES (PERSONAL SERVICES)
      203 Wickham Ave, Middletown, NY 10940-3851
      View Details
    • Value Estimation by Request
      1.80 Acres

      245 Main St

      RETAIL STORES (PERSONAL SERVICES)
      245 Main St, Middletown, NY 10940-4017
      View Details
    • Value Estimation by Request
      0.56 Acres

      52 Dolson Ave Rear, Unit 58

      RETAIL STORES (PERSONAL SERVICES)
      52 Dolson Ave Rear, Middletown, NY 10940-6424
      View Details
    • Value Estimation by Request
      1,056 SF

      353 Main St

      RETAIL STORES (PERSONAL SERVICES)
      353 Main St, Middletown, NY 10940-3320
      View Details

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      $880,000
      Pending

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      High-visibility commercial space suitable for retail, medical, or financial use.
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      Mixed-Use Property in Middletown, NY

      Mixed-use property with retail, office space, and development potential.
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      Pending

      Middletown Commercial Building For Sale

      Highly visible building in Middletown, suitable for retail or warehouse.
      40 Dolson Ave, Middletown, NY 10940
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Middletown, NY

      Retail space in a busy shopping center on Route 211.
      400 Ny-211, Middletown, NY 10940
      View Details
    • Contact for pricing
      13,500 SF

      Retail Space in Middletown, NY

      Retail space available for lease in Middletown, NY.
      79 Fulton St, Middletown, NY 10940
      View Details
    • Contact for pricing
      2,330 SF

      Retail Space on Route 211

      Retail space available for rent on Route 211.
      368 Route 211 E, Middletown, NY 10940
      View Details
    • New
      $800 /Mo

      Retail/Office Space in Middletown, NY

      Retail or office space for rent in a high-traffic location.
      253 W Main St, Middletown, NY 10940
      View Details
    • $1,450 /Mo

      Middletown Commercial Space Available

      High-traffic commercial space ideal for retail, office, or salon.
      108 Prospect Avenue Ext, Middletown, NY 10940
      View Details
    • $1,800 /Mo
      4,639 SF

      Downtown Middletown Retail Space Available

      Fully operational commercial space in downtown Middletown, ready for your business.
      248 North St, Middletown, NY 10940
      View Details
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    Middletown, NY 10940-2593
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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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