Listing Agency: Triforce Commercial RE LLC j***@triforcecre.com Show Phone

Listed By: Jason Horowitz · License ##10491207540 Show Phone

Source: Exprealty

Added: Aug 21, 2025 Changed: Aug 20 Last Checked: Aug 21 at 9:29AM

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Investment Insights

Based on property information with market context.

Located in Fort Montgomery, this industrial property offers 7,500 square feet of space. The property's location provides access to major transportation highways, which facilitates distribution and logistics. The building is designed with ample space for warehousing and manufacturing. The layout and features are suited for industrial, warehouse, and distribution purposes.

Key Highlights

• Strategic location with seamless access to major transportation highways.
• 7,500 SF industrial property.**
• Ample space for warehousing and manufacturing.

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

$74,289

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

4.25%

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%

$1,485,780 $1.5M

Cap Rate 7%

$1,061,271 $1.1M

Cap Rate 9%

$825,433 $825.4K

Market Conditions

NOI Build-Up for 7,500 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

$105.3K $14.04/SF

− Vacancy

−$17.9K −$2.39/SF

EGI

$87.4K $11.65/SF

− OpEx

−$13.1K −$1.75/SF

NOI

$74.3K $9.91/SF

Area

Orange County, NY

Vacancy

17.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

15.00%

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%

$1,485,780

Cap Rate 7%

$1,061,271

Cap Rate 9%

$825,433

Alternative Uses

Best Use

Warehouse

$1.06M

$928.6K – $1.24M (±1% cap)

NOI $74,289 @ 7.0% cap · market cap 4.25%

Second Best

Industrial

$874.0K

$764.7K – $1.02M (±1% cap)

NOI $61,179 @ 7.0% cap · market cap 3.50%

Theoretical Best

Office A

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,811 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Rockwell Cycles Motorcycle Shop

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Auto Parts Store Dental Office Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 10922, NY

1,026

Population

557

Households

1.8

Avg Household Size

45

Median Age

29%

College-Educated

94%

High-School Grad

2.1 sq mi

ZIP Area

489

Density / Sq Mi

$88,516

Median Household Income

$66,396

Median Earnings

$1,403

Median Rent

$381,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Fort Storage, LLC — 1158 Rte 9W, Fort Montgomery, NY 10922

Frequently Asked Questions

What type of property is this?

Warehouse - 7,500 SF industrial property with highway access for sale.

Where is this warehouse located?

The property is located at 1005 Route 9w Fort Montgomery, NY.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Strategic location with seamless access to major transportation highways.; 7,500 SF industrial property.**; Ample space for warehousing and manufacturing.