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    707 Old Rte 28 Fleischmanns, NY 12430-4304
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    Property profile & analytics

    707 Old Rte 28 Fleischmanns, NY 12430-4304

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    • Investment properties
    • 3,376 SF
    • 0.81 lot acres
    Off-Market
    Last Sale Apr 21, 2025
    $420,000
    Property ID
    US63-0236001
    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

    • Catskill Weddings / Wedding Service / Event Planning
    • Catskill Flower Shop / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 707 Old Rte 28

    Year built
    1940
    Lot size
    0.81 lot acres
    Property size
    3,376 SF
    Zone code
    H1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    124689 286.-1-45
    APU
    124689286145

    Description

    This exceptional 3,376 square foot apartment presents a unique opportunity in the desirable village of Fleischmanns, NY. Situated on a generous 0.81-acre lot, this property offers ample space and privacy, a rare find in this sought-after location. The apartment's substantial size allows for versatile living arrangements, perfect for a large family or those seeking expansive living areas. The property's location in Fleischmanns provides easy access to local amenities and the natural beauty of the surrounding Catskill Mountains. The asking price of $430,000 represents excellent value for a property of this size and location. This is an ideal opportunity for those seeking a comfortable and spacious home in a picturesque Catskill Mountain setting. The property's substantial square footage and generous lot size offer significant potential for various uses and customization. The address is 707 Old Route 28, Fleischmanns, NY. Serious inquiries are encouraged to explore this remarkable opportunity further. Given the unique nature and size of this property, interested parties are urged to act swiftly. The combination of space, location, and price makes this a truly exceptional offering. Don't miss the chance to own this remarkable piece of Catskill real estate.

    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
    Fleischmanns
    County
    Delaware
    State
    New York
    Longitude
    -74.5539
    Latitude
    42.1591

    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
    2020
    $3,351
    $26,200
    $150,500
    $176,700
    -
    $37,751
    $216,849
    $254,600

    Comparable in this City

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      926 Main St

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      952 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,896 SF
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    • Value Estimation
      $665,000
      5,298 SF

      1050 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,298 SF
      1050 Main St, Fleischmanns, NY 12430-9998
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    • Value Estimation by Request
      1,764 SF

      45855 State Hwy 28

      OFFICE/RESIDENTIAL (MIXED USE) • 1,764 SF
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    • Value Estimation by Request
      1,269 SF

      272 Panther Vw Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,269 SF
      272 Panther Vw Dr, Fleischmanns, NY 12430
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    Similar Nearby for Sale

    • Contact for pricing
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    • $1,475,000
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      92+ Acres in Catskills Mountains

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    Fleischmanns, NY 12430-4304
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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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