Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    87 Mdw Rd Florida, NY 10921-1112

    • Manufacturing properties
    • 23,310 SF
    • 10.70 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1745230
    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

    • Zircar Zirconia Inc / Manufacturer

    Property Details for 87 Mdw Rd

    Year built
    1997
    Lot size
    10.70 lot acres
    Property size
    23,310 SF
    Zone code
    701
    Property type
    Manufacturing properties
    APN
    335401 121-1-1
    APU
    33540112111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,026,000
      Market price range: $1.03M - $2.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Florida
    County
    Orange
    State
    New York
    Longitude
    -74.3713
    Latitude
    41.3375
    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
    $23,300
    $151,700
    $175,000
    -
    $251,893
    $1,640,007
    $1,891,900

    Comparable in this City

    • Value Estimation
      $335,000
      8,580 SF

      2 Lysack Rd

      MANUFACTURING (LIGHT) • 8,580 SF
      2 Lysack Rd, Florida, NY 10921-3030
      View Details
    • Value Estimation
      $300,000
      9,010 SF

      14 Golden Hl Ter

      MANUFACTURING (LIGHT) • 9,010 SF
      14 Golden Hl Ter, Florida, NY 10921-1116
      View Details
    • Value Estimation
      $690,000
      31,700 SF

      12 Roosevelt Ave

      MANUFACTURING (LIGHT) • 31,700 SF
      12 Roosevelt Ave, Florida, NY 10921-1808
      View Details
    • Value Estimation
      $950,000
      49,451 SF

      Brg St Off

      MANUFACTURING (LIGHT) • 49,451 SF
      Brg St Off, Florida, NY 10921
      View Details
    • Value Estimation
      $680,000
      21,050 SF

      State Hwy 17a

      MANUFACTURING (LIGHT) • 21,050 SF
      State Hwy 17a, Florida, NY 10921
      View Details
    • Value Estimation
      $840,000
      128,601 SF

      1751-1755 State Rte 17a

      MANUFACTURING (LIGHT) • 128,601 SF
      1751-1755 State Rte 17a, Florida, NY 10921
      View Details

    Similar Nearby for Sale

    • $13,500,000
      72 SF

      Premier wholesale plant distribution center

      Premier wholesale plant distribution center
      141 Glenmere Avenue, Florida, NY 10921
      View Details
    • $1,500,000
      49.50 Acres

      49.5 Acres in Warwick Mecca

      Estate-worthy property near NYC with subdivision potential in Warwick, NY.
      Jessup Rd, Florida, NY 10921
      View Details
    • $13,500,000
      75.00 Acres

      Florida Nursery & Stone Yard Investment

      75-Acre Mixed-Use Property, $13.5M
      141 Glenmere Ave, Florida, NY 10921
      View Details
    • $1,500,000

      Land For Sale

      Land available for sale.
      Jessup Rd, Florida, NY 10921
      View Details
    • $117,900
      11.00 Acres

      Large Residential Lot in Florida

      Large, private lot in the heart of Florida, Orange County.
      225 Village Dr, Florida, NY 10921
      View Details
    • $13,500,000
      72.00 Acres

      Premier Wholesale Plant Center

      Established Nursery & Stone Yard - 72 Acres
      141 Glenmere Ave, Florida, NY 10921
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr

      Industrial Property Available For Rent

      Industrial property for rent at $11 per square foot.
      60 N Main St, Florida, NY 10921
      View Details
    • $380 /Mo
      12,192 SF

      Renovated Office Space in Florida

      190 sq ft renovated office space in Florida, NY.
      62 N Main St, Florida, NY 10921
      View Details
    • $380 /Mo
      190 SF

      Renovated Office Space Available

      Renovated 190 sq ft office space for rent.
      62 N Main St, Florida, NY 10921
      View Details
    • $350 /Mo
      170 SF

      Renovated Office Space in Florida

      Renovated 170 sq ft office space for rent.
      62 N Main St, Florida, NY 10921
      View Details
    • $480 /Mo
      240 SF

      Renovated Office Space Available

      Renovated 240 sq ft office space for rent.
      62 N Main St, Florida, NY 10921
      View Details
    • $1,400 /Mo
      7,257 SF

      Office Space in Florida, NY

      First floor office space in the heart of Florida, NY.
      42 N Main St, Florida, NY 10921
      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.
    87 Mdw Rd
    Florida, NY 10921-1112
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.