Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    39 Railroad Avenue unit 5 Middletown, NY 10940

    View on Map
    For Lease
    $8 SF/Yr

    COMMERCIAL - Middletown, NY

    Added:
    Aug 27, 2025
    Days on Market:
    217
    Last Refresh:
    Mar 31 at 1:06 pm

    Property Features for 39 Railroad Avenue unit 5

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Downtown Mixed-Use
    Parking features
    Open, On Street, Parking Lot
    Appliances
    Gas Water Heater
    Standard status
    Active
    APN
    330900.026.000-0017-008.000/0000

    Taxes and HOA fees

    TaxYear
    2025

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Pedro Garcia
    Pedro Garcia

    Listing agent Pedro Garcia License #40GA0948158

    Listing office Curasi Realty, Inc. 1060 State Route 17K, Montgomery, NY

    Listing date Aug 27, 2025

    MLS# 905839

    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

    Retail Space in Middletown, NY

    This commercial retail space is located in the City of Middletown, NY. The property features an open floor plan, allowing for a customizable work area. The location is surrounded by retailers, professional services, and eateries, which contribute to foot traffic and brand visibility. The zoning is Downtown Mixed-Use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CrossFit TakeBack Gym & Fitness Center Xotics By Curtis ... Cosmetic Store Rm Screen Printing Textile Manufacturer Everything Fireplaces Home Decor Store Everything Hearth and Home Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.4148639
    Latitude
    41.4476176

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space on Route 17K

      Flexible warehouse and office space available for lease in Middletown.
      2824 State Route 17K, Middletown, NY 10941
      View Details
    • Contact for pricing

      Versatile Industrial Shell in Middletown

      Industrial space in Middletown's City Center with flexible DMU Zoning.
      8 John Street, Middletown, NY 10940
      View Details
    • Contact for pricing

      Prime Commercial Space Available

      High-visibility commercial space with ample parking in Middletown, NY.
      207 Monhagen Avenue, Middletown, NY 10940
      View Details
    • Contact for pricing

      Downtown Retail Space in Middletown

      High-visibility retail space in downtown Middletown, near City Hall.
      42 E Main Street unit: 40, Middletown, NY 10940
      View Details
    • Contact for pricing

      Middletown Retail Space For Rent

      Retail storefront in busy Middletown location with basement storage.
      7 South Street, Middletown, NY 10940
      View Details
    • Contact for pricing

      Storefront on Main Road

      Spacious commercial space with high visibility and full bathroom.
      364 North Street, Middletown, NY 10940
      View Details
    • Contact for pricing

      Middletown Office/Creative Space For Rent

      Versatile office/creative space in Middletown, utilities included.
      90 North Street unit: 204, Middletown, NY 10940
      View Details
    • Contact for pricing

      Downtown Middletown Retail Space Available

      Fully operational commercial space in downtown Middletown, ready for your business.
      248 North Street unit: 1, Middletown, NY 10940
      View Details
    • Contact for pricing

      Restaurant/Bar Space in Middletown

      Centrally located restaurant/bar space in vibrant Middletown, NY.
      33 Center Street unit: 29, Middletown, NY 10940
      View Details
    • Contact for pricing

      Prime Storefront in Middletown, NY

      Spacious commercial space in vibrant downtown Middletown. High visibility.
      30 North Street, Middletown, NY 10940
      View Details
    • Contact for pricing

      Middletown Commercial Space For Rent

      Prime commercial space in Middletown, ideal for various business ventures.
      130 Wickham Avenue, Middletown, NY 10940
      View Details
    • $7/mo

      Middletown Warehouse/Industrial Facility For Lease

      30,000 SF warehouse/industrial facility for lease in Middletown, NY.
      368 Highland Ave Extension, Middletown, NY 10940
      View Details

    FAQs

    What type of property is this?
    Retail space - Open floor plan in a high-traffic area.
    Where is this retail space located?
    The property is located at 39 Railroad Avenue unit 5 Middletown, NY.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Located in the busy and booming City of Middletown.; Open floor plan allows for customizable work area.; High foot traffic location surrounded by thriving retailers, professional services, and popular eateries.
    (914) 850-1909
    We can help!
    Listing Contact
    Pedro Garcia
    Pedro Garcia
    Real Estate License ID: 40GA0948158
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!