Middletown Warehouse with
For Sale
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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 Market1012
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: Oct 12
Last Checked: Oct 16 at 8:33AM
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
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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 / Yr
$80,317
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
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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.
