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    899 Red Mill Rd Greenville, NY 12083
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    899 Red Mill Rd Greenville, NY 12083

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    • Specialty properties
    • 13,240 SF
    For Sale
    $3,250,000
    View Listing →
    Spectacular Retreat Center with Amenities For Sale
    $3,250,000
    13,240 SF

    Spectacular Retreat Center with Amenities

    Well-maintained retreat center on 37.46 acres with extensive amenities.

    899 Red Mill Rd, Greenville, NY 12083
    View Listing
    Property ID
    US63-1989044
    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

    • Specialty properties

    Property Details for 899 Red Mill Rd

    Year built
    1935
    Property size
    13,240 SF
    Property type
    Specialty properties
    Property subtype
    Sports & entertainment properties

    Description

    We present Grace Manor Retreat Center! The retreat center features a spectacular property with 37.46 surveyed acres, a creek - the Basic Creek, a pond, a tennis court, a swimming pool, a basketball court, a dining hall, a total of 46 rooms, 37 bathrooms, 3 meeting rooms, 1 recreation room for games ... & activities, an office, a laundry, a pavilion, a 2 bay morton building, a storage building, a playground, a storage shed, & a playhouse for children. The dining hall has a capacity for up to 100 persons. 1 of the 3 meeting rooms has a capacity for up to 100 persons. It's an extraordinary property and retreat center that has been well-maintained. It has great proximity to the area's destinations and attractions as it's 5 minutes to the shopping area of Greenville, 5 minutes to Sunny Hill Golf Course, 30 minutes to Windham Ski Mountain, 35 minutes to Hunter Ski Mountain, 35 minutes to Albany, 15 minutes to Zoom Flume Water Park, 20 minutes to Green Lake, & 25 minutes to the Hudson River.

    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
    Greenville
    County
    Greene
    State
    New York
    Longitude
    -74.0454904
    Latitude
    42.3916009

    Comparable in this City

    • $3,250,000
      13,240 SF

      Grace Manor Retreat Center

      Retreat center on 37.46 acres with extensive amenities.
      899-907 Red Mill Rd, Greenville, NY 12083
      View Details
    • $189,000
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      Greenville Mixed-Use Investment Opportunity

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      Iconic Tavern Bar For Sale

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      Greenville Highway Commercial Land

      6.3 acres of commercial land with great exposure.
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      Industrial Property with Expansion Potential

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    Similar Nearby for Sale

    • $3,250,000
      13,240 SF

      Grace Manor Retreat Center

      Retreat center on 37.46 acres with extensive amenities.
      899-907 Red Mill Rd, Greenville, NY 12083
      View Details
    • $189,000
      1,000 SF

      Greenville Mixed-Use Investment Opportunity

      3.1-acre property with retail space & home.
      State Route 32, Greenville, NY 12083
      View Details
    • Contact for pricing

      Iconic Tavern Bar For Sale

      Well-established tavern with apartment in Greene County, NY.
      3663 Rte 67, Greenville, NY 12083
      View Details
    • Contact for pricing

      Greenville Highway Commercial Land

      6.3 acres of commercial land with great exposure.
      1230 West Rd, Greenville, NY 12083
      View Details
    • $674,000
      2.92 Acres

      Industrial Property with Expansion Potential

      5,224 SF industrial property with expansion potential in Greenville, NY.
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    Similar Nearby for Lease

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      Historical Building on Main Street

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      Retail Spaces at Tops Plaza

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    View Listing
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    Greenville, NY 12083
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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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