686 Route 17M
About This Property
Permitted By-Right & Site Plan Uses: Contractor Yards & Storage Facilities: Ideal for general contractors, landscaping operations, equipment storage, and material yards. Warehousing & Distribution: Light distribution centers, wholesale trade operations, and logistics hubs.Light Industrial & Manufacturing: Clean assembly, light manufacturing, processing, and tech-flex operations.Professional & Corporate Offices: Administrative offices, engineering firms, executive centers, and corporate headquarters.Equipment Repair & Rental: Commercial equipment service, sales, and rental operations.
Special Permit & Commercial Possibilities (Subject to Town Board / Planning Board Approval)Commercial / Service Operations: Automotive service establishments, indoor recreational facilities, or trade schools.Commercial Subdivisions: Splitting the parcel into smaller industrial/commercial lots given the 680+ feet of double road frontage. Agricultural / Nursery Operations: Utilizing the vast acreage and existing barn infrastructure for agricultural support, wholesale greenhouses, or farm-market ventures.
(Note: Buyers should verify specific footprint limits, setbacks, and special use permit guidelines directly with the Town of Wallkill Planning and Building Department).
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by Joseph Baratta Company Realty | $1,450,000 | |
| Listed by Joseph Baratta Company Realty | |||
| Jun 17, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Jul 31, 2022 | Listed by Joseph Baratta Company Realty | $1,999,000 | |
| Listed by Joseph Baratta Company Realty | |||
| Nov 18, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by Joseph Baratta Company Realty | $399,900 | |
| Listed by Joseph Baratta Company Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017