Listing Agency: Malek Properties c***@gmail.com Show Phone

Listed By: Carol Malek · License #31MA1121533 Show Phone

Added: May 7 Changed: Aug 20 Last Checked: Oct 5 at 7:06PM

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MLS# 996540

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Investment Insights

Based on property information with market context.

This 27.18-acre property includes a 1,200+/- square foot workshop formerly used for woodworking and picture frame manufacturing. The building is equipped with three-phase electric service, an oil/kerosene forced-warm-air heating system, a shallow well, and a small septic system. Woodworking tools and inventory, including hundreds of feet of wood molding, are included. The workshop sits on approximately 7+/- acres, while approximately 20+/- acres lie across the road. A mobile home previously occupied part of the building parcel and has been removed.

The property is located near the White Sulphur Springs hamlet business district, the Village of Liberty, and Route 17 access. Bethel Woods Center for the Arts and area lakes are also nearby. The land is situated on two sides of the road, with subdivision potential subject to town approval. The additional acreage may support residential, recreational, hunting, or hiking use as permitted.

Key Highlights

• 27.18 acres in White Sulphur Spring, NY
• 1,200+/- square foot woodworking and picture frame manufacturing workshop
• Three‑phase electric service with oil/kerosene forced‑warm‑air heat

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,052

Cap Rate

3.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,040 $201.0K

Cap Rate 7%

$143,600 $143.6K

Cap Rate 9%

$111,689 $111.7K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$15.4K $12.84/SF

− Vacancy

−$1.0K −$0.87/SF

EGI

$14.4K $11.97/SF

− OpEx

−$4.3K −$3.59/SF

NOI

$10.1K $8.38/SF

Area

Sullivan County, NY

Vacancy

6.80%

Lease Rate

$12.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,040

Cap Rate 7%

$143,600

Cap Rate 9%

$111,689

Alternative Uses

Best Use

Industrial

$143.6K

$125.7K – $167.5K (±1% cap)

NOI $10,052 @ 7.0% cap · market cap 3.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$329.1K

$288.0K – $384.0K (±1% cap)

NOI $23,040 @ 7.0% cap · market cap 6.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Manufacturing properties

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 12787, NY

259

Population

79

Households

3.3

Avg Household Size

54

Median Age

12%

College-Educated

100%

High-School Grad

2.5 sq mi

ZIP Area

104

Density / Sq Mi

$57,958

Median Household Income

$30,580

Median Earnings

$529,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Manufacturing property - The site includes a manufacturing workshop with three-phase electric service and supporting septic infrastructure.

Where is this manufacturing property located?

The property is located at 153 Shore Road White Sulphur Springs, NY.

What is the asking price?

The asking price for this property is $329,900.

What are key features of this property?

This property features: 27.18 acres in White Sulphur Spring, NY; 1,200+/- square foot woodworking and picture frame manufacturing workshop; Three‑phase electric service with oil/kerosene forced‑warm‑air heat