Renovated Flex
New
For Sale
$3,490,500
161 Temple Hill Rd, New Windsor, NY 12553
Industrial facility with high-clearance warehouse space, adaptable loading access, and dedicated office improvements.
Property Size19,500 SF
Lot Size1.60 Acres
Price / SF$179
Days on Market2
Property Features for 161 Temple Hill Rd
General Information
Standard status
Active
Size
19,500 SF
Lot size
1.60 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
27 ft
Clear Span
Yes
Warehouse Space
17,250 SF
Office Build-Out
2,250 SF
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$27,455
Building Details
Building Size
19,500 SF
Listed By:
Samuel Kaufman
(845) 590-0404
Source:
Elliman
Added: Sep 18
Last Checked: Sep 18 at 3:31PM
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 Samuel Kaufman
Investment Insights
Based on property information with market context.
This renovated flex property in New Windsor combines 19,500 SF of industrial, warehouse, and office space on 1.6 acres. The 17,250 SF warehouse includes full heat and insulation, ceiling heights ranging from 24 to 27 feet, and a column-free layout. Four overhead doors support material movement, with two configured for conversion to full loading docks. Three-phase power is installed for equipment-intensive operations, while the 2,250 SF office area includes new central air conditioning.
The property is positioned near the Five Corners intersection with access to major state highways and proximity to Stewart International Airport. Municipal water and sewer service are in place, providing core infrastructure for warehouse, manufacturing, storage, or distribution functions.
The property is positioned near the Five Corners intersection with access to major state highways and proximity to Stewart International Airport. Municipal water and sewer service are in place, providing core infrastructure for warehouse, manufacturing, storage, or distribution functions.
Key Highlights
- 19,500 SF facility on 1.6 acres
- 17,250 SF heated and insulated warehouse with 24 to 27 foot ceilings
- Column‑free warehouse layout supports flexible operations
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
$227,335
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
6.51%
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%
$4,546,700
$4.5M
Cap Rate 7%
$3,247,643
$3.2M
Cap Rate 9%
$2,525,944
$2.5M
Market Conditions
NOI Build-Up for 19,500 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
$367.4K $18.84/SF
− Vacancy
−$17.6K −$0.90/SF
EGI
$349.7K $17.94/SF
− OpEx
−$122.4K −$6.28/SF
NOI
$227.3K $11.66/SF
Area
Orange County, NY
Vacancy
4.80%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
35.00%
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%
$4,546,700
Cap Rate 7%
$3,247,643
Cap Rate 9%
$2,525,944
Alternative Uses
Best Use
Flex RnD
$3.25M
$2.84M – $3.79M
NOI $227,335 @ 7.0% cap · market cap 6.51%
Second Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,152 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$6.60M
$5.78M – $7.71M
NOI $462,309 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
27 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with high-clearance warehouse space, adaptable loading access, and dedicated office improvements.
Where is this flex space located?
The property is located at 161 Temple Hill Rd New Windsor, NY.
What is the asking price?
The asking price for this property is $3,490,500.
What are key features of this property?
This property features: 19,500 SF facility on 1.6 acres; 17,250 SF heated and insulated warehouse with 24 to 27 foot ceilings; Column‑free warehouse layout supports flexible operations
