Renovated Flex Building with
For Sale
$1,250,000
1 S Liberty Drive, Stony Point, NY 10980
Commercial Sale, Stony Point, NY
Property Size6,500 SF
Lot Size0.33 Acres
Price / SF$192.31
Days on Market273
Property Features for 1 S Liberty Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Basement
Unfinished, Partial
Standard status
Active
APN
392800-020-007-0001-010-000-0000
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
24-hour security alarm system
full building wiring for high-speed internet
Building Details
Building materials
Brick
Listing Agency:
Keller Williams Hudson Valley · Keller Williams Realty
(845) 639-0300
Listed By:
Shalva Singer · License #10401314188
(845) 327-0374
Added: Dec 1, 2025
Changed: Aug 25
Last Checked: Aug 31 at 1:06PM
MLS# 939856
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated 6,500 SF flex building provides a combination of showroom, office, and operational space. The main level offers a broad open area suitable for display or workstations, while private offices are positioned upstairs. Finished ancillary areas and warehouse space add functional capacity. Upgraded lighting, abundant natural light, and building-wide wiring for high-speed internet support a modern work environment. The property is constructed with brick and includes a basement, forced-air heating, and central air conditioning.
Set on a 0.33-acre parcel in Stony Point, the freestanding single-tenant building includes a newly paved parking lot with 20+ spaces. Public water and public sewer serve the property. A 24-hour security alarm with remote access is also installed.
Set on a 0.33-acre parcel in Stony Point, the freestanding single-tenant building includes a newly paved parking lot with 20+ spaces. Public water and public sewer serve the property. A 24-hour security alarm with remote access is also installed.
Key Highlights
- 6,500 SF renovated flex, office, and showroom building
- Open main‑level display or workstation area with private upper‑level offices
- Additional finished areas and warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,175
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,063,500
$2.1M
Cap Rate 7%
$1,473,929
$1.5M
Cap Rate 9%
$1,146,389
$1.1M
Market Conditions
NOI Build-Up for 6,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.6K $26.40/SF
− Vacancy
−$12.9K −$1.98/SF
EGI
$158.7K $24.42/SF
− OpEx
−$55.6K −$8.55/SF
NOI
$103.2K $15.87/SF
Area
Rockland County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,063,500
Cap Rate 7%
$1,473,929
Cap Rate 9%
$1,146,389
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,372 @ 7.0% cap · market cap 14.83%
Second Best
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $103,175 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,836 @ 7.0% cap · market cap 24.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10980, NY
13,289
Population
5,081
Households
2.6
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
27.4 sq mi
ZIP Area
485
Density / Sq Mi
$125,333
Median Household Income
$58,306
Median Earnings
$1,748
Median Rent
$475,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial property combining open display space, private offices, finished areas, and warehouse functionality.
Where is this flex space located?
The property is located at 1 S Liberty Drive Stony Point, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,500 SF renovated flex, office, and showroom building; Open main‑level display or workstation area with private upper‑level offices; Additional finished areas and warehouse space
