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    Property profile & analytics
    OFF-MARKET Estimated value $2,175,000
    Commercial land

    49 Kroeger Rd, Monticello, NY 12701-3913

    36,480 SF 63.13 ac lot Built 1970
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-4918230
    Property summary
    AI-generated overview

    This exceptional 500,000-square-foot warehouse opportunity is situated on a 63-acre site in Monticello, New York, boasting unparalleled access to Interstate 86 via Exit 107. The property, with APN 32-2-8.1, is fully engineered and approved by the Town of Thompson planning board, eliminating lengthy permitting delays. The approved plans include a 500,000-square-foot building featuring 69 loading docks and ample trailer parking for 67 units. The design allows for 35-foot ceiling heights without requiring variances. Essential infrastructure is in place, including on-site water, stormwater, and sewer systems. The site has undergone significant clearing, and all baseline engineering—including surveys, topography, wetlands assessments, and traffic studies—is complete. Minimal off-site improvements are needed, making this a highly cost-effective development project. The property is zoned CI and is offered at $10,000,000 ($20/sq ft). Economic incentives are available. Note that an adjacent 83-acre parcel, separately owned, is also engineered for a 130,000-square-foot building. This prime location and fully approved plans present a rare opportunity for immediate development.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1970
    Total area 36,480 SF
    Lot 63.13 ac (2,749,943 SF)
    Zoning code CI
    APN 484689 32.-2-8.1
    UPID US63-4918230
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.38M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.60M
    Blend (final) Blend
    $2.18M
    Owner & transaction history
    Kroeger USA LLC · 3 yrs held
    Kroeger USA LLC
    since 2023
    Last sale
    $2.5M
    7 recorded transactions
    2023
    2023
    2023
    $2.5M
    2023
    2014
    2009
    2008
    $518,100
    Zoning & alternative use
    CI · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.3M +14.5%
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