Free-Standing Warehouse Building For
For Sale
$1,600,000
202 Canal St, Ellenville, NY 12428
14,200 SF free-standing warehouse suitable for various uses.
Property Size14,200 SF
Lot Size0.48 Acres
Price / SF$112.68
Days on Market473
Property Features for 202 Canal St
General Information
Standard status
Active
Size
14,200 SF
Lot size
0.48 Acres
Taxes and HOA fees
Annual Taxes
$8,091
Listing Agency:
eRealty Advisors, Inc
(914) 712-6330
Listed By:
Joel Weiser · License #NYS10401338447
(914) 712-6330
Source:
Exprealty
Added: Apr 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:00AM
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 eRealty Advisors, Inc
Investment Insights
Based on property information with market context.
A 14,200 square foot free-standing, clear span, insulated warehouse building is available for sale or lease. The building is in excellent condition and suitable for various uses, including light manufacturing, packaging, distribution, storage, medical, gymnastic, or sports facilities. The property includes infrastructure such as heavy electric power, natural gas, public sewer and water. The building features 16-foot clear ceiling heights and 2,600 square feet of office space on the second level with a separate entrance. Loading is facilitated by four 8'x9' loading docks. Utilities include municipal water and sewer, gas, and electric.
Key Highlights
- Free‑standing 14,200 sq. ft. clear span, insulated warehouse building suitable for various uses.
- Excellent condition with a well‑configured 2,600 sq. ft. office space on the 2nd level with a separate entrance.
- Four (4) 8'x9' loading docks for efficient loading and unloading.
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
$114,807
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
7.18%
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%
$2,296,140
$2.3M
Cap Rate 7%
$1,640,100
$1.6M
Cap Rate 9%
$1,275,633
$1.3M
Market Conditions
NOI Build-Up for 14,200 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
$141.4K $9.96/SF
− Vacancy
−$6.4K −$0.45/SF
EGI
$135.1K $9.51/SF
− OpEx
−$20.3K −$1.43/SF
NOI
$114.8K $8.09/SF
Area
Ulster County, NY
Vacancy
4.50%
Lease Rate
$9.96 /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%
$2,296,140
Cap Rate 7%
$1,640,100
Cap Rate 9%
$1,275,633
Alternative Uses
Best Use
Office B
$3.98M
$3.49M – $4.65M
NOI $278,924 @ 7.0% cap · market cap 17.43%
Second Best
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,807 @ 7.0% cap · market cap 7.18%
Theoretical Best
Multifamily LT 5
$132.80M
$116.20M – $154.93M
NOI $9,295,653 @ 7.0% cap · market cap 580.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12428, NY
6,969
Population
3,762
Households
1.9
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
55.1 sq mi
ZIP Area
126
Density / Sq Mi
$78,802
Median Household Income
$45,868
Median Earnings
$1,073
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 14,200 SF free-standing warehouse suitable for various uses.
Where is this warehouse located?
The property is located at 202 Canal St Ellenville, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Free‑standing 14,200 sq. ft. clear span, insulated warehouse building suitable for various uses.; Excellent condition with a well‑configured **2,600 sq. ft. office space on the 2nd level with a separate entrance.**; Four (4) 8'x9' loading docks for efficient loading and unloading.
