Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    56 Forester Ave Warwick, NY 10990-1169

    • Investment properties
    • 8,846 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1393389
    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

    • Freeman's Auto Service / Towing Service / Auto Repair Shop
    • Right Way Automotive / Used Car Dealer / Car Dealer
    • Freeman's Auto & Tire / Auto Repair Shop
    • Cut To the Chase Hair Salon / Beauty Salon
    • A-Aa-A American Mobile Glass / Auto Glass Shop

    Property Details for 56 Forester Ave

    Year built
    1951
    Lot size
    1.60 lot acres
    Property size
    8,846 SF
    Zone code
    710
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    335405 211-10-3
    APU
    335405211103

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,285,000
      6.5%
      $1,185,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,934,000
      Market price range: $1.15M - $1.93M
      AI Estimate
      $1,408,000
      Market price range: $597k - $1.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,610,000
      Current use
      RETAIL STORES
      $1,825,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $1,685,000
      Change: +5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,475,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Orange
    State
    New York
    Longitude
    -74.3549
    Latitude
    41.2568
    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
    $31,300
    $144,300
    $175,600
    -
    $338,382
    $1,560,018
    $1,898,400

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      30 Ronald Reagan Blvd

      STORE/OFFICE (MIXED USE) • 1,000 SF
      30 Ronald Reagan Blvd, Warwick, NY 10990-4106
      View Details
    • Value Estimation by Request
      1,000 SF

      46 Ronald Reagan Blvd

      STORE/OFFICE (MIXED USE) • 1,000 SF
      46 Ronald Reagan Blvd, Warwick, NY 10990
      View Details
    • Value Estimation
      $510,000
      3,248 SF

      665 Co Hwy, Unit 1

      STORE/OFFICE (MIXED USE) • 3,248 SF
      665 Co Hwy, Warwick, NY 10990
      View Details
    • Value Estimation by Request
      3,071 SF

      26 Forester Ave

      STORE/OFFICE (MIXED USE) • 3,071 SF
      26 Forester Ave, Warwick, NY 10990-1125
      View Details
    • Value Estimation
      $700,000
      5,256 SF

      380 Kings Hwy

      STORE/OFFICE (MIXED USE) • 5,256 SF
      380 Kings Hwy, Warwick, NY 10990-3422
      View Details
    • Value Estimation by Request
      4,840 SF

      10 Clinton Ave

      STORE/OFFICE (MIXED USE) • 4,840 SF
      10 Clinton Ave, Warwick, NY 10990-1604
      View Details

    Similar Nearby for Sale

    • $975,000
      3,212 SF

      Versatile Mixed-Use Property in Bellvale

      Commercial and residential compound with income potential near Greenwood Lake.
      1306 State Route 17A, Warwick, NY 10990
      View Details
    • $2,395,000
      31.00 Acres

      Scheuermann Farm: Prime NY Land

      Profitable Farm, Residential & Retail
      73 Little York Rd, Warwick, NY 10990
      View Details
    • $2,850,000
      17,200 SF

      58 Strang Ln

      Mixed-use properties • 17,200 SF
      58 Strang Ln, Warwick, NY 10990
      View Details
    • $1,300,000
      69.40 Acres

      Warwick Land Parcel: 69.4 Acres

      69.4 acres near Warwick, NY, ideal for recreation or estate.
      Brady Rd, Warwick, NY 10990
      View Details
    • $2,800,000
      75.00 Acres

      Warwick Land: 75 Acres Available

      75 acres near Warwick, NY, ideal for homestead or development.
      56 Maple Ave, Warwick, NY 10990
      View Details
    • $42,000
      Pending

      Vacant Land in Greenwood Lake

      Vacant land ready for your dream home in Greenwood Lake.
      190 Brook Trl, Greenwood Lake, NY 10990
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo
      800 SF

      Commercial Space in Warwick Village

      Commercial space in the Village of Warwick, open layout.
      9 Smith St, Warwick, NY 10990
      View Details
    • $1,800 /Mo

      Remodeled Retail Space in Warwick

      Recently remodeled retail space in a busy Warwick strip mall.
      22 Ronald Reagan Blvd, Warwick, NY 10990
      View Details
    • $900 /Mo

      Office Space for Rent

      Office space available for rent.
      10 Oakland Ave, Warwick, NY 10990
      View Details
    • $800 /Mo

      Warwick Office Space For Rent

      Office space for rent in Warwick, NY. Perfect for small business.
      1 Homestead Vil Dr, Warwick, NY 10990
      View Details
    • $675 /Mo

      Office Space for Rent

      Office space available for rent in Warwick, New York.
      13 Oakland Ave, Warwick, NY 10990
      View Details
    • $1,400 /Mo
      750 SF

      Warwick Office Space For Rent

      Office space near Warwick Village with commuter convenience.
      7 Wisner Rd, Warwick, NY 10990
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    56 Forester Ave
    Warwick, NY 10990-1169
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.