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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    45 Quaker Ave Cornwall, NY 12518

    • Strip malls
    • 24,000 SF
    • 1.34 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $895,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3022111
    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

    • Cornwall Beverages & Smoke Shop / (Bike/Boat/Book/etc) Store / Bar & Pub
    • Cornwall Wines & Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Artrip & Webber: Webber Paul N / Law Firm
    • Artrip Law / Law Firm
    • Dunkin' / Cafe & Coffee Shop

    Property Details for 45 Quaker Ave

    Year built
    1997
    Lot size
    1.34 lot acres
    Property size
    24,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    332489 23-3-51.2
    APU
    332489233512

    Description

    Cornwall Plaza, located at 45 Quaker Ave, Cornwall, NY 12518, presents a unique retail investment opportunity. This 6,225 square foot multi-tenant building offers flexible space options, currently entirely vacant and ready for immediate occupancy. The property is classified as retail, with potential for office or supermarket use, making it suitable for a variety of businesses. Three spaces are available, ranging in size from a minimum of 1,300 square feet to a maximum contiguous space of 2,400 square feet. The entire 6,225 square feet is also available for lease to a single tenant. This prime location in Cornwall, New York offers excellent visibility and accessibility, providing a strong foundation for business growth. The building's versatile layout allows for customization to meet individual tenant needs. This is an exceptional chance to establish a presence in a thriving community. The property's strategic location and flexible space options make it an ideal choice for businesses seeking a prominent retail presence in the Cornwall market. Contact us today to learn more about this exciting opportunity and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,241,000
      Market price range: $203k - $1.24M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $635,000
      Current use
      WAREHOUSE, STORAGE
      $1,235,000
      Change: +95% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornwall
    County
    Orange
    State
    New York
    Longitude
    -74.0392
    Latitude
    41.4339
    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
    $352,400
    $1,277,600
    $1,630,000
    -
    $522,460
    $1,894,140
    $2,416,600

    Comparable in this City

    • Value Estimation
      $1,270,000
      35,018 SF

      15 Quaker Ave, Unit 33

      SHOPPING CENTER, STRIP CENTER • 35,018 SF
      15 Quaker Ave, Cornwall, NY 12518-2111
      View Details
    • Value Estimation
      $2,430,000
      23,328 SF

      55 Quaker Ave

      SHOPPING CENTER, STRIP CENTER • 23,328 SF
      55 Quaker Ave, Cornwall, NY 12518-2018
      View Details
    • Value Estimation by Request
      1,612 SF

      2536 Us Hwy 9w

      AUTO REPAIR, GARAGE • 1,612 SF
      2536 Us Hwy 9w, Cornwall, NY 12518-1310
      View Details
    • Value Estimation by Request
      2,781 SF

      2576 Us Hwy 9w

      BAR, TAVERN • 2,781 SF
      2576 Us Hwy 9w, Cornwall, NY 12518-1310
      View Details
    • Value Estimation by Request
      575 SF

      196 Willow Ave

      RETAIL STORES (PERSONAL SERVICES) • 575 SF
      196 Willow Ave, Cornwall, NY 12518-1331
      View Details
    • Value Estimation
      $640,000
      8,200 SF

      317 Main St

      VEHICLE SALES, RENTALS • 8,200 SF
      317 Main St, Cornwall, NY 12518-1552
      View Details

    Similar Nearby for Sale

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      Prime Cornwall Restaurant & Real Estate

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      Iconic Cornwall Building For Sale

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      Cornwall Commercial Land Opportunity

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      Main Street Specialty Property

      Specialty property available for sale on Main Street.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Cornwall Plaza

      Retail space for lease in Cornwall, near Route 9W.
      15-23 Quaker Ave, Cornwall, NY 12518
      View Details
    • $1,750 /Mo

      Main Street Retail/Office Space

      Cornwall Main Street storefront suitable for retail or office.
      282 Main St, Cornwall, NY 12518
      View Details
    • $21 SF/Yr
      11,391 SF

      Cornwall Shopping Center: Prime Retail & Office

      Retail & office spaces available in prime location.
      15 Quaker Ave, Cornwall, NY 12518
      View Details
    • $800 /Mo
      3,932 SF

      Inviting Office Space in Cornwall

      High-visibility office space with hardwood floors and off-street parking.
      16 Quaker Ave, Cornwall, NY 12518
      View Details
    • $18 SF/Yr

      Modern Medical Office Space Available

      Class-A medical office suites for lease on hospital campus.
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    • Contact for pricing

      Loft Apartment in Central Location

      Loft apartment near shops, parks, and library. No pets.
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      View Details
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    45 Quaker Ave
    Cornwall, NY 12518
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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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