West Haverstraw Warehouse with
For Sale
$2,300,000
111 E Railroad Ave, West Haverstraw, NY 10993
Warehouse with office space and convenient access in West Haverstraw.
Property Size11,250 SF
Lot Size0.79 Acres
Price / SF$241.47
Days on Market165
Property Features for 111 E Railroad Ave
General Information
Standard status
Active
Size
11,250 SF
Lot size
0.79 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$38,769
Building Details
Building Size
11,250 SF
Listing Agency:
NOVA NORTH COMMERCIAL
(845) 535-9961
Listed By:
Chaim Volvovitz · License #10401318661
(845) 535-9961
Source:
Elliman
Added: Mar 10
Changed: Aug 17
Last Checked: Aug 20 at 10:28AM
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 NOVA NORTH COMMERCIAL
Investment Insights
Based on property information with market context.
Located in West Haverstraw, this property features 9,525 square feet of warehouse space complemented by a 1,725-square-foot office area. The property includes 25 designated parking spots. Warehouse access is facilitated by a 10-foot by 8-foot garage door and a 12-foot by 12-foot drive-in door. The warehouse area benefits from 12-foot ceilings, providing ample vertical clearance. The facility has been upgraded with new LED lighting to enhance visibility and energy efficiency. Zoned as Planned Light Industrial (PLI) and equipped with a high power capacity, this property is suitable for owner-users.
Key Highlights
- High power capacity suitable for industrial use.
- Zoning classified as Planned Light Industrial (PLI).
- 9,525 sq ft of warehouse space and 1,725 sq ft of office space.
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
$72,761
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
3.16%
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%
$1,455,220
$1.5M
Cap Rate 7%
$1,039,443
$1.0M
Cap Rate 9%
$808,456
$808.5K
Market Conditions
NOI Build-Up for 9,525 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
$90.3K $9.48/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$85.6K $8.99/SF
− OpEx
−$12.8K −$1.35/SF
NOI
$72.8K $7.64/SF
Area
Rockland County, NY
Vacancy
5.20%
Lease Rate
$9.48 /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%
$1,455,220
Cap Rate 7%
$1,039,443
Cap Rate 9%
$808,456
Alternative Uses
Best Use
Warehouse
$1.04M
$909.5K – $1.21M
NOI $72,761 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.30M
$5.51M – $7.35M
NOI $440,841 @ 7.0% cap · market cap 19.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10993, NY
5,113
Population
1,462
Households
3.5
Avg Household Size
39
Median Age
24%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
4,261
Density / Sq Mi
$65,250
Median Household Income
$36,549
Median Earnings
$1,544
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- MI-BOX — 8 Carol Ave, West Haverstraw, NY 10993
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space and convenient access in West Haverstraw.
Where is this warehouse located?
The property is located at 111 E Railroad Ave West Haverstraw, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High power capacity suitable for industrial use.; Zoning classified as Planned Light Industrial (PLI).; 9,525 sq ft of warehouse space and 1,725 sq ft of office space.
