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    Property profile & analytics

    72 Center St Ellenville, NY 12428

    • Investment properties
    • 2,178 SF
    • 0.11 lot acres
    For Lease
    View listing
    $1,700 /Mo
    Last Sale
    Feb 05, 2020
    $202,500
    Value Estimations
    $280,000
    Cap Rate Potential
    9.3%
    Investment properties
    Location Intelligence
    Property ID
    US63-3261249
    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

    • Sook House Restaurant / Korean Restaurant

    Property Details for 72 Center St

    Year built
    1965
    Lot size
    0.11 lot acres
    Property size
    2,178 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    515601 83.311-4-21
    APU
    51560183311421

    Description

    This exceptional retail property, located at 72 Center Street in the vibrant town of Ellenville, New York, presents a unique investment opportunity. Boasting a generous 3,606 square feet of space, this property is ideally suited for a variety of retail businesses seeking a prominent presence in a bustling commercial area. The building sits on a conveniently sized 0.11-acre lot, offering ample space for customer parking and potential outdoor display areas. The strategic location on Center Street ensures high visibility and accessibility for customers, maximizing foot traffic and potential sales. The asking price of $799,000 reflects the property's prime location and significant potential for return on investment. This is an exceptional opportunity to acquire a well-situated retail space in a thriving community. The property's size and location make it suitable for a wide range of retail concepts, from boutiques and specialty stores to larger-scale operations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new business owners. Don't miss this chance to establish your business in a highly visible and desirable location. The strong local economy and high foot traffic make this a truly compelling investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $245,000
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $294,000
      Market price range: $105k - $312k
      AI Estimate
      $288,000
      Market price range: $119k - $312k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $225,000
      Current use
      OFFICE BUILDING
      $295,000
      Change: +33% Conversion: Easy
      WAREHOUSE, STORAGE
      $200,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellenville
    County
    Ulster
    State
    New York
    Longitude
    -74.3948
    Latitude
    41.7166
    CBSA code
    28740
    CBSA name
    KINGSTON, 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
    0
    $0.00
    $19,200
    $78,800
    $98,000
    -
    $27,042
    $110,986
    $138,028

    Comparable in this City

    • Value Estimation
      $380,000
      3,720 SF

      193 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,720 SF
      193 Canal St, Ellenville, NY 12428-1618
      View Details
    • Value Estimation
      $270,000
      4,680 SF

      81 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,680 SF
      81 Ctr St, Ellenville, NY 12428-1405
      View Details
    • Value Estimation
      $395,000
      2,900 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,900 SF
      26 Main St, Ellenville, NY 12428-1089
      View Details
    • Value Estimation
      $660,000
      7,730 SF

      150-152 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,730 SF
      150-152 Canal St, Ellenville, NY 12428
      View Details
    • Value Estimation
      $745,000
      6,292 SF

      130 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,292 SF
      130 Canal St, Ellenville, NY 12428-1504
      View Details
    • Value Estimation
      $220,000
      10,692 SF

      73 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,692 SF
      73 Ctr St, Ellenville, NY 12428-1405
      View Details

    Similar Nearby for Sale

    • $599,000
      2.67 Acres

      Ellenville Redevelopment Opportunity

      Mixed-use property in thriving commercial area near golf course.
      188 S Main St, Ellenville, NY 12428
      View Details
    • $399,999
      7,450 SF

      Ellenville Mixed-Use Commercial Property

      Prime Location, Mountain Views, High Potential
      177 Main St, Ellenville, NY 12428
      View Details
    • $400,000
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      Ellenville Mixed-Use Building For Sale

      4,200 sq ft mixed-use building in the heart of Ellenville.
      129 Canal St, Ellenville, NY 12428
      View Details
    • $650,000

      Mixed-Use Property in Ellenville, NY

      Income-generating mixed-use property in Ellenville's revitalized village center.
      72-78 Center St, Ellenville, NY 12428
      View Details
    • $775,000
      Pending

      Mixed-Use Building in Ellenville, NY

      Mixed-use commercial building with retail space and residential apartments.
      143 Canal St, Ellenville, NY 12428
      View Details
    • $350,000
      0.22 Acres

      Ellenville Duplex: Investment Opportunity

      Duplex with strong rental income, near amenities, ideal for investors.
      244 Canal St, Ellenville, NY 12428
      View Details

    Similar Nearby for Lease

    • $480 /Mo
      2,200 SF

      Renovated Office Building on Route 209

      Renovated professional building with high visibility and easy access.
      22 N Main St, Ellenville, NY 12428
      View Details
    • $1,200 /Mo
      2,178 SF

      Renovated Commercial Space in Ellenville

      Newly renovated commercial space in the heart of Ellenville, NY.
      78 Center St, Ellenville, NY 12428
      View Details
    • $480 /Mo
      12,632 SF

      Renovated Office Space on Route

      Renovated office space suitable for quiet professional businesses.
      22 N Main St, Ellenville, NY 12428
      View Details
    • $1,700 /Mo
      4,792 SF

      Renovated Restaurant Space with Bar

      Turnkey restaurant space in vibrant downtown Ellenville, NY.
      72 Center St, Ellenville, NY 12428
      View Details
    • $1,000 /Mo

      Cozy Ellenville 1-Bedroom Apartment

      Charming apartment with eat-in kitchen and natural light.
      19 N Old Greenfield Rd, Ellenville, NY 12428
      View Details
    • New
      $17 SF/Yr
      11,326 SF

      Prime Corner Commercial Space Available

      Landmark commercial building in Ellenville's thriving downtown corridor.
      83 Canal St, Ellenville, NY 12428
      View Details
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    72 Center St
    Ellenville, NY 12428
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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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