Office Building with Ample
578 State Route 32 Highland Mills, NY 10930
For Sale
$475,000
Well-maintained office building on Route 32 with ample on-site parking and a versatile interior layout.
Property Size936 SF
Price / SF$507.48
Days on Market601
Property Features for 578 State Route 32
General Information
- Standard status
- Active
- Size
- 936 SF
- Property subtype
- Office
Building Details
- Year Built
- 1957
Listing Agency:
Compass Greater NY, LLC
(845) 500-5575
Listed By:
Katherine Sheehan
(845) 500-5575
Source:
Xome
Added: Nov 29, 2024
Changed: Jul 23
Last Checked: Jul 23 at 4:01AM
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 Compass Greater NY, LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial office building is available for sale at 578 State Route 32 in Highland Mills, NY. The property offers a versatile interior layout that can support a range of office uses, with the flexibility to accommodate retail spaces as well. Inside, the space is described as providing ample natural light and a comfortable working environment.
Positioned on Route 32, the building is marketed as having high visibility and easy access for clients and visitors. The property is also noted as being close to public transportation, with connectivity to major highways for commuting and logistics. Additional convenience is highlighted by proximity to dining, shopping, and other essential services, and it is stated to be minutes from Woodbury Commons Premium Outlets.
The offering includes a motivated seller and the option for a rent-back arrangement. Ample parking is available on-site to support both staff and visitors.
Positioned on Route 32, the building is marketed as having high visibility and easy access for clients and visitors. The property is also noted as being close to public transportation, with connectivity to major highways for commuting and logistics. Additional convenience is highlighted by proximity to dining, shopping, and other essential services, and it is stated to be minutes from Woodbury Commons Premium Outlets.
The offering includes a motivated seller and the option for a rent-back arrangement. Ample parking is available on-site to support both staff and visitors.
Key Highlights
- Well‑maintained commercial office building on Route 32 in Highland Mills, NY (built in 1957)
- Central air cooling and heating listed as “3”
- Level site/topography with level lot features
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $26.88 |
| − Vacancy | −$4.3k | −$4.57 |
| EGI | $20.9k | $22.31 |
| − OpEx | −$5.2k | −$5.58 |
| NOI | $15.7k | $16.73 |
936 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$223.7K
$195.8K – $261.0K
NOI $15,662 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.0K
$277.4K – $369.9K
NOI $22,191 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Well-maintained office building on Route 32 with ample on-site parking and a versatile interior layout.
Where is this office building located?
The property is located at 578 State Route 32 Highland Mills, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained commercial office building on Route 32 in Highland Mills, NY (built in 1957); Central air cooling and heating listed as “3”; Level site/topography with level lot features
