Middletown Warehouse with
For Sale
Contact for pricing
18-20 Stanton St, Middletown, NY 10940
Industrial warehouse with parking and office in Middletown, NY.
Property Size4,800 SF
Lot Size1.20 Acres
Price / SF$229.17
Days on Market967
Property Features for 18-20 Stanton St
General Information
Standard status
Active
Size
4,800 SF
Class
C
Lot size
1.20 Acres
Property subtype
Industrial
Zoning
I-2
Investment Type
Owner/User
Building Details
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
KW Commercial - First in New York
Listed By:
Joseph Distelburger · License #NY 30DI0835053
(845) 344-7170
Source:
Crexi
Added: Jan 9, 2024
Changed: Aug 25
Last Checked: Aug 28 at 10:23PM
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 KW Commercial - First in New York
Investment Insights
Based on property information with market context.
Located in an industrial zone in the City of Middletown, this property features a warehouse building on 1.2 level acres. The warehouse offers 3,600 square feet of clear span space with a 16-foot ceiling height, poured concrete block walls, concrete floors, and a newer roof. A level parking lot provides space for approximately 60 vehicles. Additionally, there is a small house/office on the property, reported to be in good condition. The property consists of two parcels: 45-4-17, which is 0.55 acres, and 45-4-18.1, which is 0.65 acres.
Key Highlights
- Located in an industrial zone within the City of Middletown.
- 3,600 sq ft clear span warehouse with 16 ft ceiling height.**
- 1.2 level acres in an industrial area.
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
$80,317
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
7.30%
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%
$1,606,340
$1.6M
Cap Rate 7%
$1,147,386
$1.1M
Cap Rate 9%
$892,411
$892.4K
Market Conditions
NOI Build-Up for 4,800 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
$129.0K $26.88/SF
− Vacancy
−$21.9K −$4.57/SF
EGI
$107.1K $22.31/SF
− OpEx
−$26.8K −$5.58/SF
NOI
$80.3K $16.73/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$26.88 /SF/Yr
Expense Ratio
25.00%
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%
$1,606,340
Cap Rate 7%
$1,147,386
Cap Rate 9%
$892,411
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,317 @ 7.0% cap · market cap 7.30%
Second Best
Warehouse
$679.2K
$594.3K – $792.4K
NOI $47,545 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,799 @ 7.0% cap · market cap 10.35%
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with parking and office in Middletown, NY.
Where is this warehouse located?
The property is located at 18-20 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: Located in an industrial zone within the City of Middletown.; 3,600 sq ft clear span warehouse with 16 ft ceiling height.**; 1.2 level acres in an industrial area.
