Industrial Warehouse in Middletown,
For Sale
$2,500,000
105 Sprague Ave, Middletown, NY 10940
Industrial warehouse on 26,000 sq ft lot, Middletown, NY.
Property Size26,000 SF
Lot Size0.60 Acres
Price / SF$96.15
Days on Market314
Property Features for 105 Sprague Ave
General Information
Standard status
Active
Size
26,000 SF
Lot size
0.60 Acres
Property subtype
Commercial
Listing Agency:
Preferred Properties Real Esta
Listed By:
Joao M Rodrigues · License #40RO0958526
(845) 783-4147
Source:
Searchhomesinlongisland
Added: Dec 20, 2025
Changed: Oct 26
Last Checked: Oct 30 at 2:52PM
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 Preferred Properties Real Esta
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Investment Insights
Based on property information with market context.
Located in Middletown, NY, this industrial warehouse is zoned I-2 and offers a business opportunity. The property is situated on a 26,000 square foot lot with dimensions of 405 x 150 feet. Ceiling heights range from 13 to 20 feet, accommodating various industrial needs. Drive-in trailer unloads enhance operational flexibility. The warehouse is positioned for business efficiency and is conveniently located near Route 17 and Route 84, ensuring logistics and convenient commuting.
Key Highlights
- Prime location with convenient access to Rt. 17 and Rt. 84, ensuring seamless logistics and commuting.
- Zoned I‑2, offering a prime opportunity for businesses.
- 26,000 sq. ft. lot (405 x 150 ft.) provides ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,088
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,760
$4.2M
Cap Rate 7%
$3,029,829
$3.0M
Cap Rate 9%
$2,356,533
$2.4M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$365.0K $14.04/SF
− Vacancy
−$62.1K −$2.39/SF
EGI
$303.0K $11.65/SF
− OpEx
−$90.9K −$3.50/SF
NOI
$212.1K $8.16/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,760
Cap Rate 7%
$3,029,829
Cap Rate 9%
$2,356,533
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,536 @ 7.0% cap · market cap 10.30%
Second Best
Industrial
$3.03M
$2.65M – $3.53M
NOI $212,088 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$8.81M
$7.71M – $10.27M
NOI $616,412 @ 7.0% cap · market cap 24.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10940, NY
52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- CubeSmart Self Storage — 94 Dolson Ave, Middletown, NY 10940
- Advantage Self Storage - Middletown — 94 dolson ave, middletown, ny 10940
- Sprague Storage Facility — 105-119 Sprague Ave 1st floor, Middletown, NY 10940
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on 26,000 sq ft lot, Middletown, NY.
Where is this warehouse located?
The property is located at 105 Sprague Ave Middletown, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location with convenient access to Rt. 17 and Rt. 84, ensuring seamless logistics and commuting.; Zoned I‑2, offering a prime opportunity for businesses.; 26,000 sq. ft. lot (405 x 150 ft.) provides ample space.
