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    43355 State Route 28 Arkville, NY 12406
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    Property profile & analytics

    43355 State Route 28 Arkville, NY 12406

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    • Office Spaces
    • 10,544 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US63-4371479
    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

    • Office Spaces

    Property Details for 43355 State Route 28

    Year built
    1701
    Lot size
    1.00 lot acres
    Property size
    10,544 SF
    Property type
    Office Spaces

    Description

    This stunning historic building, situated on a prominent corner lot in the heart of Arkville, NY, presents a unique investment opportunity. Boasting nearly 10,544 square feet across three levels, this property sits on just over an acre of land and offers endless potential. A portion of the structure dates back to the 1700s, with subsequent additions and renovations throughout the 1900s. Its past uses include a tavern, boarding house, and apartments, most recently serving as the home of the Catskill Center for Conservation and Development. The building is zoned BC (Business Commercial), allowing for a wide range of uses. The first and second floors currently feature a welcoming lobby, a dining hall with a kitchen, several well-appointed offices, a filing/storage room, and restrooms. The third floor, filled with natural light, includes several large spaces and a partially unfinished section with potential for four additional rooms. Elegant details throughout include beautiful molding and wide-plank wood flooring. The property's prime location offers easy access to the Delaware and Ulster Railroad, local shops, a distillery, eateries, and the Village of Margaretville (just one mile west), which provides additional amenities. Belleayre Ski Lodge is a convenient ten-minute drive away. Municipal water and sewer services are available. A significant advantage is the approximately 650-square-foot detached outbuilding, equipped with electricity, plumbing, and a solar panel array that contributes to the property's energy efficiency. This exceptional property is ready for its next chapter.

    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
    Arkville
    County
    Delaware County
    State
    New York
    Longitude
    -74.61913
    Latitude
    42.14808

    Comparable in this City

    • $750,000
      202.99 Acres

      203 Acres Vacant Land Middletown

      203 acres of vacant land with conservation easement.
      777 Todd Mt Rd, Middletown, NY 12406
      View Details
    • $999,000
      7,000 SF

      Arkville Multi-Unit Investment Opportunity

      Unique 10-unit property on 2.5 acres with owner financing.
      42855 State Hwy 28, Arkville, NY 12406
      View Details
    • $1,799,000

      335 Acres of Catskills Paradise

      Secluded retreat with farmhouse, lodge, barn, and forest.
      65 Armstrong Rd, Arkville, NY 12406
      View Details
    • $1,100,000

      Unique Multifamily Property on Acreage

      Ten apartments in five buildings on 2.5 acres.
      42855 State Hwy 28, Arkville, NY 12406
      View Details

    Similar Nearby for Sale

    • $999,000
      7,000 SF

      Arkville Multi-Unit Investment Opportunity

      Unique 10-unit property on 2.5 acres with owner financing.
      42855 State Hwy 28, Arkville, NY 12406
      View Details
    • $750,000
      202.99 Acres

      203 Acres Vacant Land Middletown

      203 acres of vacant land with conservation easement.
      777 Todd Mt Rd, Middletown, NY 12406
      View Details
    • $1,799,000

      335 Acres of Catskills Paradise

      Secluded retreat with farmhouse, lodge, barn, and forest.
      65 Armstrong Rd, Arkville, NY 12406
      View Details
    • $1,100,000

      Unique Multifamily Property on Acreage

      Ten apartments in five buildings on 2.5 acres.
      42855 State Hwy 28, Arkville, NY 12406
      View Details
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    Arkville, NY 12406
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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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