Renovated Commercial Space For
For Sale
$1,399,000
1 S Liberty Drive, Stony Point, NY 10980
6,500 SF renovated flex/office/showroom space with parking.
Property Size6,500 SF
Lot Size0.33 Acres
Price / SF$215.23
Days on Market262
Property Features for 1 S Liberty Drive
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.33 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,000
Amenities
Central air
Central Air Cooling
Forced Air Heating
Listing Agency:
KELLER WILLIAMS HUDSON VALLEY
(845) 639-0300
Listed By:
SHALVA SINGER · License #10401314188
Source:
Corcoran
Added: Dec 1, 2025
Changed: Aug 20
Last Checked: Aug 20 at 6:44AM
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 is a 6,500 square foot renovated commercial space suitable for flex, office, or showroom use. The property features upgraded lighting and abundant natural light, with full building wiring for high-speed internet. The main floor offers a large open showroom or workstation area, while the upper level contains additional private offices. It is well-suited for creative and professional users or any business requiring both office and showroom functionality. Additional finished areas and warehouse space provide expanded operational capabilities. Situated on a 1/3-acre parcel, this free-standing, single-tenant building includes a newly paved parking lot with over 20 parking spaces. The property is equipped with a 24-hour security alarm system with remote access.
Key Highlights
- 6,500 SF renovated commercial space offering flex/office/showroom capabilities.
- Abundant natural light and upgraded lighting throughout the building.
- Newly paved parking lot with 20+ parking spaces.
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
7.37%
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
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $103,175 @ 7.0% cap · market cap 7.37%
Second Best
Retail
$1.31M
$1.14M – $1.53M
NOI $91,537 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,836 @ 7.0% cap · market cap 21.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - 6,500 SF renovated flex/office/showroom space with parking.
Where is this showroom 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 $1,399,000.
What are key features of this property?
This property features: 6,500 SF renovated commercial space offering flex/office/showroom capabilities.; Abundant natural light and upgraded lighting throughout the building.; Newly paved parking lot with 20+ parking spaces.
