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    621 Blooming Grove Tpke New Windsor, NY 12553
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    Property profile & analytics

    621 Blooming Grove Tpke New Windsor, NY 12553

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    • Schools
    • 68,917 SF
    Off-Market
    Property ID
    US63-1669338
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schools

    Property Details for 621 Blooming Grove Tpke

    Property size
    68,917 SF
    Property type
    Schools

    Description

    This exceptional 68,917 square foot educational campus in New Windsor, Orange County, New York, is available for purchase via bankruptcy sale. The property comprises six buildings on a sprawling campus, including a 43,800 square foot public school building with 17 classrooms, 5 study rooms, a gymnasium, cafeteria, and commercial kitchen. Four dormitories, a large colonial-style administrative building, a maintenance building, an in-ground pool with pool house, and an older cottage complete the campus. The main school building is currently leased to Kaplan Career Academy, a NYS-approved public school, with the lease expiring June 30, 2025. Upon lease expiration, the entire campus (excluding the school building) will be delivered vacant. The property is zoned R-4, permitting various uses including single-family residences, schools, colleges, convalescent homes, and hospitals. All bids are subject to bankruptcy court approval. This presents a unique opportunity to acquire a substantial property with diverse potential uses in a desirable location. The property features two stories and was renovated in 2007. The asking price is $15,000,000. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Windsor
    County
    Orange
    State
    New York
    Longitude
    -74.0432675
    Latitude
    41.4604229

    Comparable in this City

    • $7,250,000
      4.90 Acres

      Fully Leased Investment Opportunity

      Class A office building with long-term tenant and expansion potential.
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    • $1,000,000

      Office/Warehouse Building on Route 9W

      12,000 sq ft office/warehouse near St. Luke’s Hospital.
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    • $65,000

      Land on Coffey Avenue

      Land with frontage on Coffey Avenue and Cullen.
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    • $1,995,000

      Retail Building on Windsor Highway

      Retail building with drive-up windows and ample parking for sale.
      393 Windsor Hwy, New Windsor, NY 12553
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    • $2,499,000

      Leased Industrial Portfolio Near Airport

      Fully leased investment portfolio near Stewart International Airport.
      95 Bill Larkin Dr, New Windsor, NY 12553
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    Similar Nearby for Sale

    • $7,250,000
      4.90 Acres

      Fully Leased Investment Opportunity

      Class A office building with long-term tenant and expansion potential.
      70 Pleasant Hill Rd, New Windsor, NY 12553
      View Details
    • $1,000,000

      Office/Warehouse Building on Route 9W

      12,000 sq ft office/warehouse near St. Luke’s Hospital.
      3054 Us Route 9W, New Windsor, NY 12553
      View Details
    • $65,000

      Land on Coffey Avenue

      Land with frontage on Coffey Avenue and Cullen.
      21 Coffey Ave, New Windsor, NY 12553
      View Details
    • $1,995,000

      Retail Building on Windsor Highway

      Retail building with drive-up windows and ample parking for sale.
      393 Windsor Hwy, New Windsor, NY 12553
      View Details
    • $2,499,000

      Leased Industrial Portfolio Near Airport

      Fully leased investment portfolio near Stewart International Airport.
      95 Bill Larkin Dr, New Windsor, NY 12553
      View Details

    Similar Nearby for Lease

    • $575 /Mo

      Renovated Office Unit For Lease

      Renovated office unit in high-traffic commuter location.
      2330 State Route 32, New Windsor, NY 12553
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    • $1,200 /Mo

      Remodeled Office Space For Rent

      Remodeled office space with reception and two additional offices.
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      Renovated Office Unit For Rent

      Renovated office unit in high-traffic commuter location.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $2,500 /Mo

      Freestanding Building on Windsor Highway

      Freestanding building with parking, hardwood floors, and fireplace.
      283 Windsor Hwy, New Windsor, NY 12553
      View Details
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    New Windsor, NY 12553
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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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