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

    598 Broadway, Unit 612 Newburgh, NY 12550-5122

    • Strip malls
    • 22,048 SF
    • 5.30 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2436941
    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

    • Strip malls

    Property Details for 598 Broadway

    Year built
    1960
    Lot size
    5.30 lot acres
    Property size
    22,048 SF
    Zone code
    CD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    331100 26-1-40.12
    APU
    3311002614012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $809,000
      Market price range: $108k - $810k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $455,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0367
    Latitude
    41.5025
    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
    $686,200
    $2,493,800
    $3,180,000
    -
    $686,200
    $2,493,800
    $3,180,000

    Comparable in this City

    • Value Estimation
      $955,000
      73,060 SF

      1433 Rte 300

      SHOPPING CENTER, STRIP CENTER • 73,060 SF
      1433 Rte 300, Newburgh, NY 12550-2910
      View Details
    • Value Estimation by Request
      4,612 SF

      164 Lk St

      SHOPPING CENTER, STRIP CENTER • 4,612 SF
      164 Lk St, Newburgh, NY 12550-5259
      View Details
    • Value Estimation by Request
      9,116 SF

      1208 Rte 300

      SHOPPING CENTER, STRIP CENTER • 9,116 SF
      1208 Rte 300, Newburgh, NY 12550-6496
      View Details
    • Value Estimation
      $630,000
      42,699 SF

      128 Robinson Ave

      SHOPPING CENTER, STRIP CENTER • 42,699 SF
      128 Robinson Ave, Newburgh, NY 12550-6559
      View Details
    • Value Estimation by Request
      1,800 SF

      1406 Rte 300

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      1406 Rte 300, Newburgh, NY 12550
      View Details
    • Value Estimation by Request
      5,675 SF

      202 Plank Rd

      SHOPPING CENTER, STRIP CENTER • 5,675 SF
      202 Plank Rd, Newburgh, NY 12550-2571
      View Details

    Similar Nearby for Sale

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      3,704 SF

      Route 17k Retail Center Investment

      Prime Newburgh location, 3,704 SF, 3.3 acres
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    • $1,500,000

      Profitable Commercial Building For Sale

      Profitable commercial building with multiple established businesses in a prime location.
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    • $400,000
      1.20 Acres

      Retail Pad Near Interstate I-84

      Unimproved retail land with site plan near Interstate I-84.
      245 Route 17K, Newburgh, NY 12550
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    • $3,300,000

      Newburgh Mixed-Use Commercial Property

      Mixed-use building with retail frontage and warehouse space for sale.
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    • $540,000

      Mixed-Use Townhouse on Liberty Street

      Three-unit mixed-use townhome, fully renovated and move-in ready.
      12 Liberty St, Newburgh, NY 12550
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    • $399,999
      0.06 Acres

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      Mixed-use triplex with storefront and two apartments in Newburgh.
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      High-Traffic Retail Space Available

      Retail space in a highly trafficked shopping center.
      47 N Plank Rd, Newburgh, NY 12550
      View Details
    • Contact for pricing
      2,032 SF

      Retail Space on Route 300

      Grocery-anchored strip center with national co-tenants and pylon signage.
      1431-1433 Route 300, Newburgh, NY 12550
      View Details
    • New
      $2,500 /Mo
      121,968 SF

      Retail/Office Space in Newburgh

      2500 SqFt retail/office space in Lakeside Plaza.
      136 Lake St, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Retail Strip Center Opportunity

      Retail space for rent on Route 300 in Newburgh.
      1433 Route 300, Newburgh, NY 12550
      View Details
    • New
      $2,400 /Mo
      121,968 SF

      Lakeside Plaza Retail/Office Space

      2000 SqFt space in high-traffic Newburgh strip mall.
      136 Lake St, Newburgh, NY 12550
      View Details
    • New
      $3,000 /Mo
      121,968 SF

      Lakeside Plaza Retail/Office Space

      2,500 SF retail/office space with high visibility.
      136 Lake St, Newburgh, NY 12550
      View Details
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    598 Broadway, Unit 612
    Newburgh, NY 12550-5122
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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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