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    79 Styles Way Lagrangeville, NY 12540
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    79 Styles Way Lagrangeville, NY 12540

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    • Aviation real estate
    • 14,046 SF
    For Sale
    $1,300,000
    View Listing →
    Sky Acres Airport Commercial Space For Sale
    $1,300,000
    14,046 SF

    Sky Acres Airport Commercial Space

    Commercial space with hangars and development potential at Sky Acres Airport.

    79 Styles Way, Lagrangeville, NY 12540
    View Listing
    Property ID
    US63-5845135
    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

    • Aviation real estate

    Property Details for 79 Styles Way

    Property size
    14,046 SF
    Property type
    Aviation real estate
    Property subtype
    Office buildings

    Description

    Development opportunities abound in the booming Hudson Valley at Sky Acres Airport (44N). Your own private airport now exists in this rare aviation related opportunity in a fantastic setting. 14,046 SF commercial space with two clear span hangars with space for 8 airplanes and other equipment. The larger building, professionally repainted in 2020, is a Boeck steel frame and has a 6,000 SF hangar with a 1,000 SF mezzanine in 2/3 of the building. The other 1/3 of the building is two stories with 3,000 SF of office space on the second floor and 3,000 SF storage/equipment/workshop with a drive in bay on the first floor. The second building, built in 2014, is a steel skinned advanced framing technique hangar with 1,632 SF on one level. The paved parking lot has 25 spots. This all sits on 24+ acres of level and partially cleared land abutting the north end of the runway, with direct access to the taxiway from the hangars. Plenty of room to grow, with most of the land yet to be developed. Development potential of office, trade shop, light manufacturing, aviation schools and flight instruction, warehouse and a host of additional airport related uses. Access from a gated private road on the property, adjacent to Sky Acres airport, a full service airport with fueling station, terminal and restaurant, and approximately 40 miles to Stewart International Airport. Close to Hiking, Fishing, Skiing, Camping, Golf, Hunting, Embassies, as well as all of the other rural attractions located in the thriving Hudson Valley, one of the most beautiful places to live in the USA.

    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
    Lagrangeville
    County
    Dutchess
    State
    New York
    Longitude
    -73.7392215
    Latitude
    41.7105828

    Comparable in this City

    • $1,300,000

      Sky Acres Airport Aviation Opportunity

      Commercial space with hangars on 24+ acres near runway.
      79 Styles Way, Lagrangeville, NY 12540
      View Details
    • Contact for pricing

      Commercial Property on Route 82

      Six-acre mixed-use commercial property with road frontage.
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      10.00 Acres

      10 Acres Mixed Use Land

      10-acre mixed-use property in Lagrangeville, NY, potential subdivision.
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    • $549,000

      Development Site on NYS Route 55

      Development site with frontage on NYS Route 55.
      1479 Nys Rte 55, Lagrangeville, NY 12540
      View Details
    • Contact for pricing

      Development Site on NYS Route

      Development site for sale, located on NYS Route 55.
      1471 State Rte 55, Lagrangeville, NY 12540
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Sky Acres Airport Aviation Opportunity

      Commercial space with hangars on 24+ acres near runway.
      79 Styles Way, Lagrangeville, NY 12540
      View Details
    • Contact for pricing

      Commercial Property on Route 82

      Six-acre mixed-use commercial property with road frontage.
      2701 Route 82, Lagrangeville, NY 12540
      View Details
    • $695,000
      10.00 Acres

      10 Acres Mixed Use Land

      10-acre mixed-use property in Lagrangeville, NY, potential subdivision.
      Clapp Hill Rd, Lagrangeville, NY 12540
      View Details
    • Contact for pricing

      Development Site on NYS Route

      Development site for sale, located on NYS Route 55.
      1471 State Rte 55, Lagrangeville, NY 12540
      View Details
    • $269,900

      Commercial Land on Route 55

      1.8 acres of commercial land with Route 55 frontage.
      1940 Route 55, Lagrangeville, NY 12540
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    Similar Nearby for Lease

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      115 SF

      Professional Office/Retail Space Available

      Office/retail space with frontage on NYS Route 55.
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      Retail Space Available For Lease

      Retail space available for lease in LaGrangeville, NY.
      1643 Route 82, Lagrangeville, NY 12540
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      22,100 SF

      Retail Space in Lagrangeville, NY

      Retail spaces available for lease in Lagrangeville, New York.
      1516-1520 St Rte 55, Lagrangeville, NY 12540
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    • $30 SF/Yr
      1,764 SF

      Retail Space in Lagrangeville

      Retail space available for lease in Lagrangeville, New York.
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      3,500 SF

      Retail Pad Site Available

      3,500 SF divisible pad site in busy shopping center.
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      1,000 SF

      Retail Space on Route 55

      1,000 SF retail space with high visibility and parking.
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    Lagrangeville, NY 12540
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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.

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