Building Details

Year Built 1993

Listing Agency: WIN MORRISON REALTY-K Show Phone

Listed By: NADINA TRUINI Show Phone

Source: Corcoran

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 24 at 5:37PM

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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 WIN MORRISON REALTY-K

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Investment Insights

Based on property information with market context.

This self-storage property in New Windsor was built in 1993 and has perimeter fencing with an automated gate. The existing operation had been wound down, leaving occupancy to be reestablished by a new operator. Additional storage or vehicle parking may be possible, subject to applicable approvals.

The property is on Silver Stream Road, just off Route 207, near New York Stewart International Airport and the I-84/NYS Thruway interchange. A separate 4.5-acre parcel on Silver Stream Road is also available for purchase.

Key Highlights

• Automated gate access and a fully fenced perimeter
• Built in 1993
• Near New York Stewart International Airport and the I‑84/NYS Thruway interchange

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,815

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,476,300 $2.5M

Cap Rate 7%

$1,768,786 $1.8M

Cap Rate 9%

$1,375,722 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,500 SF

Gross rent

$175.5K $14.04/SF

− Vacancy

−$29.8K −$2.39/SF

EGI

$145.7K $11.65/SF

− OpEx

−$21.8K −$1.75/SF

NOI

$123.8K $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 Rate 5%

$2,476,300

Cap Rate 7%

$1,768,786

Cap Rate 9%

$1,375,722

Alternative Uses

Best Use

Warehouse

$1.77M

$1.55M – $2.06M (±1% cap)

NOI $123,815 @ 7.0% cap · market cap 8.84%

Second Best

Self Storage

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,750 @ 7.0% cap · market cap 8.63%

Theoretical Best

Office A

$4.23M

$3.70M – $4.94M (±1% cap)

NOI $296,352 @ 7.0% cap · market cap 21.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Secure Storage Systems ... Storage Facility 123 Storage Storage Facility

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service

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

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

424

Businesses Nearby

Explore this area Business Placement

Demographics for 12553, NY

26,728

Population

11,150

Households

2.4

Avg Household Size

41

Median Age

35%

College-Educated

90%

High-School Grad

24.2 sq mi

ZIP Area

1,104

Density / Sq Mi

$94,207

Median Household Income

$50,749

Median Earnings

$1,612

Median Rent

$351,200

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

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Frequently Asked Questions

What type of property is this?

Self storage facility - The site has a fenced perimeter and automated entry control.

Where is this self storage facility located?

The property is located at 116 Silver Stream Road New Windsor, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Automated gate access and a fully fenced perimeter; Built in 1993; Near New York Stewart International Airport and the I‑84/NYS Thruway interchange