Route 9W Commercial
For Sale
$620,000
Pending
1104 Route 9W, Marlboro, NY 12542
3480 sq. ft. building on 1.76 acres.
Property Size3,480 SF
Lot Size1.76 Acres
Days on Market229
Property Features for 1104 Route 9W
General Information
Standard status
Pending
Size
3,480 SF
Lot size
1.76 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,561
Building Details
Building Size
3,480 SF
Stories
11
Units
2
Listing Agency:
John J Lease REALTORS
Listed By:
Dennis P Barr
(845) 527-5125
Source:
Elliman
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 19 at 7:23AM
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 John J Lease REALTORS
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Investment Insights
Based on property information with market context.
This highly visible 3480 sq. ft. building is situated on a 1.76-acre parcel with 173 ft. of frontage on 9W. The property includes approximately 500 sq. ft. of office space heated by oil. The shop area, which is heated by propane, features 2 overhead doors. The 1.76-acre parcel provides an abundance of yard space. Shop equipment is not included in the sale.
Key Highlights
- Highly visible 3480 sq. ft. building
- 1.76 acre parcel with 173 ft. of frontage on 9W
- Abundance of yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,436
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,720
$828.7K
Cap Rate 7%
$591,943
$591.9K
Cap Rate 9%
$460,400
$460.4K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$62.6K $18.00/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$59.2K $17.01/SF
− OpEx
−$17.8K −$5.10/SF
NOI
$41.4K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,720
Cap Rate 7%
$591,943
Cap Rate 9%
$460,400
Alternative Uses
Best Use
Retail
$591.9K
$518.0K – $690.6K
NOI $41,436 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$291.9K
$255.4K – $340.6K
NOI $20,433 @ 7.0% cap · market cap 3.30%
Theoretical Best
Multifamily LT 5
$32.54M
$28.48M – $37.97M
NOI $2,278,090 @ 7.0% cap · market cap 367.43%
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
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12542, NY
5,726
Population
2,459
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
14.4 sq mi
ZIP Area
398
Density / Sq Mi
$123,517
Median Household Income
$62,375
Median Earnings
$1,833
Median Rent
$356,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Absolutely Automotive Inc — 1024 Rte 9W, Marlboro, NY 12542
- D & D Recovery & Services — 1108 Rte 9W, Marlboro, NY 12542
- Service Tire Truck Centers - Road Service at Marlboro, NY — 1166 Rte 9W, Marlboro, NY 12542
- Brookside Motorworks — 1221 Rte 9W, Marlboro, NY 12542
Frequently Asked Questions
What type of property is this?
Auto shop - 3480 sq. ft. building on 1.76 acres.
Where is this auto shop located?
The property is located at 1104 Route 9W Marlboro, NY.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Highly visible 3480 sq. ft. building; 1.76 acre parcel with 173 ft. of frontage on 9W; Abundance of yard space
