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

    629 State Rte 17k Montgomery, NY 12549-2703

    • Office buildings
    • 1,914 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5990831
    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

    • Office buildings

    Property Details for 629 State Rte 17k

    Year built
    1935
    Lot size
    0.17 lot acres
    Property size
    1,914 SF
    Zone code
    B4
    Property type
    Office buildings
    APN
    334289 27-6-3
    APU
    3342892763

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $232,000
      Market price range: $232k - $511k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $365,000
      Current use
      RETAIL STORES
      $395,000
      Change: +8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $335,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $320,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.1551
    Latitude
    41.5253
    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
    $20,600
    $44,400
    $65,000
    -
    $49,060
    $105,740
    $154,800

    Comparable in this City

    • Value Estimation
      $305,000
      2,400 SF

      2245 State Rte 208

      OFFICE BUILDING • 2,400 SF
      2245 State Rte 208, Montgomery, NY 12549-2220
      View Details
    • Value Estimation
      $395,000
      19,138 SF

      30 Scotts Cor Dr

      PROFESSIONAL BUILDING • 19,138 SF
      30 Scotts Cor Dr, Montgomery, NY 12549-2263
      View Details
    • Value Estimation
      $385,000
      8,544 SF

      201 Ward St, Unit 209

      OFFICE BUILDING • 8,544 SF
      201 Ward St, Montgomery, NY 12549-1287
      View Details
    • Value Estimation
      $450,000
      9,008 SF

      2022 State Rte 208

      PROFESSIONAL BUILDING • 9,008 SF
      2022 State Rte 208, Montgomery, NY 12549-2610
      View Details
    • Value Estimation
      $260,000
      5,572 SF

      25 Wallkill Ave

      OFFICE BUILDING • 5,572 SF
      25 Wallkill Ave, Montgomery, NY 12549-1117
      View Details
    • Value Estimation
      $265,000
      152.90 Acres

      2516 State Rte 17k

      OFFICE BUILDING • 152.90 Acres
      2516 State Rte 17k, Montgomery, NY 12549
      View Details

    Similar Nearby for Sale

    • $680,000
      3,564 SF

      Montgomery Office Buildings For Sale

      Two adjacent commercial buildings suitable for office or medical use.
      2288 State Route 208, Montgomery, NY 12549
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    • $449,999

      Versatile Commercial Property in Montgomery

      Commercial property with expansion potential, ideal for diverse business ventures.
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    • $465,000

      Mixed-Use Investment in Montgomery Village

      Charming 3-unit mixed-use property in the heart of Montgomery.
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    • $599,999
      1,485 SF

      Montgomery Industrial Property - Huge Potential

      Prime location, versatile industrial building, expansion opportunity.
      120 Bracken Rd, Montgomery, NY 12549
      View Details
    • Contact for pricing
      18.00 Acres

      Montgomery Self Storage Land

      18 Acres, Approved Self Storage Plans
      674 Rte 17K, Montgomery, NY 12549
      View Details
    • Contact for pricing
      41,520 SF

      Approved Self-Storage Development Opportunity

      Approved self-storage development site with high visibility and traffic.
      674 New York 17K, Montgomery, NY 12549
      View Details

    Similar Nearby for Lease

    • $600 /Mo

      Commercial Sublease with Included Utilities

      Single-room commercial sublease with utilities included, ideal for professionals.
      1128 Unit, Montgomery, NY 12549
      View Details
    • $2,500 /Mo
      1,412 SF

      Prime Retail Space in Montgomery

      1,412 SF commercial space in the historic Village of Montgomery.
      151 Ward St, Montgomery, NY 12549
      View Details
    • $25 SF/Yr
      10,644 SF

      Prime Office Space, High Visibility

      Exceptional office space in Montgomery, high visibility, easy access.
      2134 State Route 208, Montgomery, NY 12549
      View Details
    • $1,800 /Mo
      11,935 SF

      Commercial Office Space in Montgomery

      Prime office space in a historic, walkable village setting.
      159 Ward St, Montgomery, NY 12549
      View Details
    • Contact for pricing
      89,900 SF

      Industrial Facility with 26 Docks

      89,960 SF industrial facility built in 2019 with 26 docks.
      105 Bracken Rd, Montgomery, NY 12549
      View Details
    • $12 SF/Yr
      17,820 SF

      I-84/I-87 Warehouse For Lease

      17,820 SF Warehouse, Excellent Location
      136 Bracken Rd, Montgomery, NY 12549
      View Details
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    629 State Rte 17k
    Montgomery, NY 12549-2703
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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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