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    384 Onion Avenue unit 1 New Hampton, NY 10958

    View on Map
    For Lease
    $3,500 /Mo

    COMMERCIAL - New Hampton, NY

    Property size:
    3,042 SF
    Lot size:
    4.60 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 9:06 pm

    Property Features for 384 Onion Avenue unit 1

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    AP
    Parking
    10
    Parking features
    Assigned
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    335600.017.000-0001-044.000/0000
    Size
    3,042 SF
    Lot size
    4.60 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1992
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Fiberglass Insulation

    We can help!

    Listing Contact
    Jason L McGovern

    Listing agent Jason L McGovern

    Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY

    Listing date Jan 27, 2026

    MLS# 955870

    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.

    Overview

    New Hampton Warehouse with Office

    This commercial space in New Hampton, NY, offers 3,042 square feet of warehouse or storage area, complemented by an 800 square foot office space with a private entrance, reception area, private office, storage, half bath, and kitchenette. The warehouse features a 14-foot overhead drive-in door, high 16-foot ceilings, and a concrete floor. The property is located within minutes of Middletown and surrounding areas. Town approvals are in place for an indoor recreation or training facility. The monthly rent covers taxes and CAM. The tenant is responsible for heat and electric; the office has both heat and central air. The warehouse is currently unheated but can be heated at the tenant's expense if desired. The property has plenty of parking. Note that excessive outside storage is not permitted by the landlord or the Town of Wawayanda. The space is available immediately and is ideal for contractors, tradesmen, or small distribution businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NOME Mfg. Production Facility A Plus Mechanical Services Plumbing Service

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Furniture & Home Goods Bakery Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Hampton
    County
    Orange
    State
    New York
    Longitude
    -74.4167662
    Latitude
    41.3781582

    Nearby Similar for Lease

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      Warehouse with Office and Mezzanine

      3042 SF warehouse with office space for rent.
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    FAQs

    What type of property is this?
    Warehouse - Warehouse with office space, suitable for contractors and small distribution.
    Where is this warehouse located?
    The property is located at 384 Onion Avenue unit 1 New Hampton, NY.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: 3042 sf Warehouse/Storage/Indoor Recreation space with mezzanine and 800 sf office space.; Town approvals in place for indoor recreation/training facility.; 800 sf office with private entrance, reception area, private office, storage, 1/2 bath, and kitchenette.
    (914) 760-7331
    We can help!
    Listing Contact
    Jason L McGovern
    Learn More
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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.

    More about this property
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