Property profile

49 Kroeger Rd Monticello, NY 12701

OFF-MARKET
Commercial land
Property ID
US63-4918230
36,480 SF 63.13 ac lot Built 1970
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

49 Kroeger Rd Monticello, NY 12701-3913
Monticello metro Census 951701
Google Maps

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

since 2023
Last sale
$2.5M
7 recorded transactions
2023
Price N/A
2023
Price N/A
2023
$2.5M
2023
Price N/A
2014
Price N/A
2009
Price N/A
2008
$518,100

Zoning & alternative use

CI · Monticello, NY
Top alternative use upside
Auto repair, garage $3.3M +14.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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