Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    78 Cold Spg Rd Monticello, NY 12701-4250
    Back to Search
    Property profile & analytics

    78 Cold Spg Rd Monticello, NY 12701-4250

    View on Map
    • Warehouses
    • 2,100 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Nov 16, 2020
    $84,000
    Property ID
    US63-2217935
    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

    • Warehouses

    Property Details for 78 Cold Spg Rd

    Year built
    1950
    Lot size
    0.62 lot acres
    Property size
    2,100 SF
    Zone code
    SR
    Property type
    Warehouses
    APN
    484689 30.-5-2
    APU
    4846893052

    Description

    This exceptional 3,100 square foot industrial property, situated on a generous 1.61-acre lot in Monticello, NY, presents a remarkable investment opportunity. Located in a high-traffic area with Hwy commercial zoning, this versatile property allows for a wide range of commercial and residential uses. The fully fenced, level lot sits on the corner of two roads, providing excellent visibility and accessibility. The existing solid block building features high ceilings and a dry full basement equipped with a propane furnace. Currently undergoing a comprehensive renovation, the property boasts significant upgrades including a new roof, new electrical systems, and new sheetrock. These improvements lay the groundwork for a variety of potential uses, such as a large residential home office, daycare center, storage units, automotive parking lot, or food distribution facility. The building's flexibility and ongoing renovation offer ample room for customization to meet specific business needs. Its strategic location near Route 17 and Monticello's thriving community, coupled with the proximity to popular attractions like Resorts World Casino, Kartrite Indoor Water Park, and YO1 Spa, ensures a consistent flow of potential customers and significant investment returns. Municipal water and sewer services are readily available. This property is primed for immediate development and represents a compelling opportunity for discerning investors.

    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
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.6844
    Latitude
    41.6423

    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
    $30,100
    $81,800
    $111,900
    -
    $60,200
    $163,600
    $223,800

    Comparable in this City

    • Value Estimation
      $605,000
      7,200 SF

      96 Cold Spg Rd

      WAREHOUSE, STORAGE • 7,200 SF
      96 Cold Spg Rd, Monticello, NY 12701-4250
      View Details
    • Value Estimation by Request
      0.39 Acres

      Kaufman Rd

      BULK STORAGE, TANKS • 0.39 Acres
      Kaufman Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      1,320 SF

      47 Cold Spg Rd

      WAREHOUSE, STORAGE • 1,320 SF
      47 Cold Spg Rd, Monticello, NY 12701
      View Details
    • Value Estimation by Request
      3,201 SF

      118 Jefferson St

      WAREHOUSE, STORAGE • 3,201 SF
      118 Jefferson St, Monticello, NY 12701-1168
      View Details
    • Value Estimation
      $675,000
      14,010 SF

      216 Broadway

      BULK STORAGE, TANKS • 14,010 SF
      216 Broadway, Monticello, NY 12701-8817
      View Details
    • Value Estimation
      $985,000
      21,060 SF

      397 Broadway

      WAREHOUSE, STORAGE • 21,060 SF
      397 Broadway, Monticello, NY 12701-1353
      View Details

    Similar Nearby for Sale

    • $850,000

      Versatile Block Structure on Large Lot

      Adaptable building on 1.25 acres, suitable for diverse uses.
      3520 State Route 42, Monticello, NY 12701
      View Details
    • $850,000
      3,700 SF

      Versatile Commercial Building in Monticello

      Block structure with bay doors on 1.13-acre lot.
      3520 State Route 42, Monticello, NY 12701
      View Details
    • $1,295,000
      9,444 SF

      Monticello Retail/Warehouse Opportunity

      Spacious retail/warehouse property with high visibility and highway access.
      184 E Broadway, Monticello, NY 12701
      View Details
    • $1,295,000
      9,444 SF

      Monticello Retail/Warehouse Opportunity

      Spacious retail/warehouse property with high visibility and ample parking.
      184-186 E Broadway, Monticello, NY 12701
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Industrial Park Development Site

      Industrial lots available for lease in Monticello, New York.
      33 Plaza Dr, Monticello, NY 12701
      View Details
    • $750 /Mo
      24,150 SF

      Upscale Office Spaces in Monticello

      Private office spaces in a high-demand commercial corridor.
      456 Broadway, Monticello, NY 12701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    78 Cold Spg Rd
    Monticello, NY 12701-4250
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    78 Cold Spg Rd, Monticello, NY, 12701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!