Renovated Flex Office
For Sale
$1,399,000
1 LIBERTY DR, Stony Point, NY 10980
Renovated flex building with an open showroom/work area, private offices, and warehouse space, plus 20+ paved parking spaces.
Property Size6,550 SF
Lot Size0.33 Acres
Price / SF$213.59
Days on Market264
Property Features for 1 LIBERTY DR
General Information
Standard status
Active
Size
6,550 SF
Lot size
0.33 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$18,000
Amenities
upgraded lighting
high-speed internet wiring
24-hour security alarm system
Central Air
3
Building Details
Tenancy
Single
Listing Agency:
(845) 327-0374
Listed By:
Keller Williams Hudson Valley
(845) 327-0374
Source:
Xome
Added: Nov 21, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This renovated free-standing, single-tenant commercial building offers a flexible layout designed for office and showroom use alongside expanded operational space. The main floor features a large open showroom or workstation area, with additional private offices located on the upper level(s). Upgraded lighting and abundant natural light support the workspace, and the property includes full building wiring for high-speed internet. Additional finished areas and warehouse space further extend day-to-day functionality.
Set on a 1/3-acre parcel in Stony Point, NY, the property includes a newly paved parking lot with 20+ spaces. A 24-hour security alarm system with remote access is also in place for after-hours oversight.
The building is offered as 6,500 SF, providing a combined environment for teams that need both dedicated office space and a showroom/work area with warehouse capabilities.
Set on a 1/3-acre parcel in Stony Point, NY, the property includes a newly paved parking lot with 20+ spaces. A 24-hour security alarm system with remote access is also in place for after-hours oversight.
The building is offered as 6,500 SF, providing a combined environment for teams that need both dedicated office space and a showroom/work area with warehouse capabilities.
Key Highlights
- 6,500 SF renovated commercial flex building with open showroom/work area, private offices, and added warehouse space
- Upgraded lighting and abundant natural light throughout
- Central air cooling with heating listed as 3
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
$103,968
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
7.43%
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%
$2,079,360
$2.1M
Cap Rate 7%
$1,485,257
$1.5M
Cap Rate 9%
$1,155,200
$1.2M
Market Conditions
NOI Build-Up for 6,550 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
$172.9K $26.40/SF
− Vacancy
−$13.0K −$1.98/SF
EGI
$160.0K $24.42/SF
− OpEx
−$56.0K −$8.55/SF
NOI
$104.0K $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%
$2,079,360
Cap Rate 7%
$1,485,257
Cap Rate 9%
$1,155,200
Alternative Uses
Best Use
Office B
$2.67M
$2.33M – $3.11M
NOI $186,798 @ 7.0% cap · market cap 13.35%
Second Best
Flex RnD
$1.49M
$1.30M – $1.73M
NOI $103,968 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$4.33M
$3.79M – $5.05M
NOI $303,150 @ 7.0% cap · market cap 21.67%
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 - Renovated flex building with an open showroom/work area, private offices, and warehouse space, plus 20+ paved parking spaces.
Where is this flex space located?
The property is located at 1 LIBERTY DR Stony Point, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 6,500 SF renovated commercial flex building with open showroom/work area, private offices, and added warehouse space; Upgraded lighting and abundant natural light throughout; Central air cooling with heating listed as 3
