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    Property profile & analytics

    66 Main St Pine Bush, NY 12566-6436

    • Turn key restaurants
    • 875 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2020
    $193,000
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6043886
    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

    • La Gondolita Pizza / Pizza Restaurant

    Property Details for 66 Main St

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    875 SF
    Property type
    Turn key restaurants
    APN
    332600 6-1-6
    APU
    332600616

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $211,000
      Market price range: $95.4k - $444k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bush
    County
    Orange
    State
    New York
    Longitude
    -74.3006
    Latitude
    41.6095
    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
    $9,400
    $35,600
    $45,000
    -
    $38,519
    $145,881
    $184,400

    Comparable in this City

    • Value Estimation
      $275,000
      2.00 Acres

      82 Boniface Dr, Unit 76

      RESTAURANT • 2.00 Acres
      82 Boniface Dr, Pine Bush, NY 12566-7052
      View Details
    • Value Estimation
      $325,000
      3,408 SF

      3649 State Rte 52

      RESTAURANT • 3,408 SF
      3649 State Rte 52, Pine Bush, NY 12566-5214
      View Details
    • Value Estimation
      $285,000
      1.80 Acres

      66 Nn St

      RESTAURANT • 1.80 Acres
      66 Nn St, Pine Bush, NY 12566-6012
      View Details
    • Value Estimation
      $285,000
      2,175 SF

      62 Main St

      RESTAURANT • 2,175 SF
      62 Main St, Pine Bush, NY 12566
      View Details
    • Value Estimation
      $310,000
      0.05 Acres

      82 Main St

      RESTAURANT • 0.05 Acres
      82 Main St, Pine Bush, NY 12566-6436
      View Details
    • Value Estimation
      $305,000
      720 SF

      143 Maple Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 720 SF
      143 Maple Ave, Pine Bush, NY 12566
      View Details

    Similar Nearby for Sale

    • $324,900
      3,270 SF

      Pine Bush Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential units in Pine Bush.
      1441 Burlingham Rd, Pine Bush, NY 12566
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    • $551,000

      Profitable Deli Business and Real Estate

      Turn-key deli business and real estate package for sale.
      3 Hamilton Rd, Pine Bush, NY 12566
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    • $500,000
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      Prime Pine Bush Retail Pad Site

      1-Acre Retail Lot - $500K
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    • $100,000

      Established Consignment Business Opportunity

      Turnkey consignment business for sale in Pine Bush, NY.
      65-B Main St, Pine Bush, NY 12566
      View Details
    • $439,999
      1.81 Acres

      Deli, Store, and Apartment Building

      Thriving deli, convenience store, and apartment on 1.8 acres.
      1218 Burlingham Rd, Pine Bush, NY 12566
      View Details
    • $149,999
      2.00 Acres

      Two-Acre Parcel with Red Barn

      Level 2-acre parcel with a 780 sq. ft. red barn.
      6 Cragsmoor Rd, Pine Bush, NY 12566
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      720 SF

      Retail Space in Growing Community

      Retail space available for rent in a high-visibility corner location.
      143 Maple Ave, Pine Bush, NY 12566
      View Details
    • Contact for pricing
      1,400 SF

      Prime Pine Bush Retail Space

      1400 sq ft Retail Space in Orange County
      9 Depot St, Pine Bush, NY 12566
      View Details
    • $6,000 /Mo

      Equipped Automotive Repair Shop For Rent

      6,000 SF automotive repair shop with equipment for rent.
      2420 Pne Bush, Pine Bush, NY 12566
      View Details
    • $3,000 /Mo
      43,560 SF

      Commercial Land Lease in Pine Bush

      Commercial land lease approved for truck parking and utility truck storage.
      21 Boniface Dr, Pine Bush, NY 12566
      View Details
    • $1,200 /Mo
      600 SF

      Commercial Rental End Unit

      End unit commercial space near Main St shops and restaurants.
      99 Depot St, Pine Bush, NY 12566
      View Details
    • $1,000 /Mo
      475 SF

      Downtown Office/Workshop Space For Rent

      Office/workshop space in downtown Main Street, Pine Bush, NY.
      46 Main St, Pine Bush, NY 12566
      View Details
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    66 Main St
    Pine Bush, NY 12566-6436
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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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