Middletown Warehouse with
For Sale
$1,100,000
18 Stanton St, Middletown, NY 10940
Industrial warehouse on 1.2 acres with ample parking.
Property Size3,600 SF
Lot Size1.20 Acres
Price / SF$305.56
Days on Market633
Property Features for 18 Stanton St
General Information
Standard status
Active
Size
3,600 SF
Lot size
1.20 Acres
Listing Agency:
Keller Williams Realty
(845) 344-7170
Listed By:
Joseph Distelburger · License #30DI0835053
(845) 344-7170
Source:
Exprealty
Added: Nov 25, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:03AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located in the industrial zone of Middletown, this property features a 3,600 square foot clear span warehouse building. The structure is constructed with poured concrete block walls, concrete floors, and a newer roof. The property comprises two parcels: 45-4-17, which is 0.55 acres, and 45-4-18.1, which is 0.65 acres, totaling 1.2 acres. The level parking lot accommodates approximately 60 vehicles. The floor load capacity is 16.
Key Highlights
- 3600 sq ft clear span warehouse building offers versatile space.
- Located in an industrial zone in Middletown.
- 1.2 acres total industrial area provides ample room.
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
$35,659
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
3.24%
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%
$713,180
$713.2K
Cap Rate 7%
$509,414
$509.4K
Cap Rate 9%
$396,211
$396.2K
Market Conditions
NOI Build-Up for 3,600 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
$50.5K $14.04/SF
− Vacancy
−$8.6K −$2.39/SF
EGI
$42.0K $11.65/SF
− OpEx
−$6.3K −$1.75/SF
NOI
$35.7K $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 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%
$713,180
Cap Rate 7%
$509,414
Cap Rate 9%
$396,211
Alternative Uses
Best Use
Warehouse
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$419.5K
$367.1K – $489.4K
NOI $29,366 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,349 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Balanced
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
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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- CubeSmart Self Storage — 94 Dolson Ave, Middletown, NY 10940
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on 1.2 acres with ample parking.
Where is this warehouse located?
The property is located at 18 Stanton St Middletown, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3600 sq ft clear span warehouse building offers versatile space.; Located in an industrial zone in Middletown.; 1.2 acres total industrial area provides ample room.
