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    Versatile Storage Building in Tri-State Hub Title is generated by Realmo AI

    40 Pennsylvania Ave, Port Jervis, NY 12771

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    For Sale
    $298,900

    Commercial Building - Port Jervis, NY

    Property size:
    11,727 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $25/SF
    Added:
    Nov 6, 2025
    Days on Market:
    183
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 40 Pennsylvania Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    000000-009.000-0008-012.000
    Size
    11,727 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1920
    Year renovated
    1920
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Meyer Booth

    Listing agent Jessica Meyer Booth

    Listing office ABSOLUTE AUCTION AND REALTY INC 45 SOUTH AVE POB 1739, PLEASANT VALLEY, NY

    Listing date Nov 6, 2025

    MLS# 11608253 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Absolute auction: No minimum, no reserve - sells regardless of price.
    • Large, versatile storage building: Two connected sections (90' x 90' two‑story and 50' x 90' with newer garage bay doors).
    • Corner lot: 11,727+\/- sq ft in R‑2 Medium Density Residential District.
    • Utilities: Municipal water and sewer, gas, and electric are available.
    • Strategic location: Port Jervis, a Tri‑State hub with accessibility to I‑84 and Route 209.
    • Transportation access: Proximity to Port Jervis Metro‑North Station for service to Hoboken.

    Overview

    Located in Port Jervis, NY, this commercial building is situated on a corner lot totaling approximately 11,727 square feet. The structure is comprised of two connected sections. The first section measures 90' x 90' and includes two floors. The second section measures 50' x 90' and features two newer garage bay doors. The building has both wood and concrete flooring, and some newer windows. Municipal water and sewer, gas, and electric utilities are available. The property is located in the R-2 Medium Density Residential District. Port Jervis is a Tri-State hub where NY, NJ, and PA meet at the confluence of the Delaware and Neversink Rivers. Known as the River City and gateway to the Upper Delaware Scenic Byway, Port Jervis offers historic charm and strong regional accessibility. It is home to the world's largest operating railroad turntable and is conveniently situated off I-84 and Route 209. The Port Jervis Metro-North Station provides service to Hoboken via NJ Transit. The active downtown area features a variety of restaurants, cafés, and boutiques. Outdoor enthusiasts will appreciate the property's proximity to scenic drives like the Hawk's Nest and recreation along the Delaware River. Possible roof leak.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Fort Knox Self Storage — 20 Orange St, Port Jervis, NY 12771

    Location Insight

    • Map
    • Local Demand
    City
    Port Jervis
    County
    Sullivan
    State
    New York
    Longitude
    -74.68418
    Latitude
    41.371171

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    FAQs

    What type of property is this?
    Warehouse - Two-section storage building on corner lot in Port Jervis.
    Where is this warehouse located?
    The property is located at 40 Pennsylvania Ave Port Jervis, NY.
    What is the asking price?
    The asking price for this property is $298,900.
    What are key features of this property?
    This property features: Absolute auction: No minimum, no reserve - sells regardless of price.; Large, versatile storage building: Two connected sections (90' x 90' two‑story and 50' x 90' with newer garage bay doors).; Corner lot: 11,727+\/- sq ft in R‑2 Medium Density Residential District.
    (845) 616-5682
    We can help!
    Listing Contact
    Jessica Meyer Booth
    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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