New Industrial Warehouse with Loading
New
For Sale
$7,499,999
2265 State Route 17k, Montgomery, NY 12549
Newly constructed industrial space includes offices, kitchens, and a conference room.
Property Size31,250 SF
Days on Market3
Property Features for 2265 State Route 17k
General Information
Standard status
Active
Size
31,250 SF
Property subtype
Multi Family
Warehouse & Industrial
Clear Height
32 ft
Dock-High Doors
6
Additional Details
Asking Price
$7,999,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$49,000
Amenities
offices
kitchens
conference room
Building Details
Building Size
31,250 SF
Year Built
2024
Buildings
2
Listing Agency:
Rodeo Realty Inc
(845) 323-9308
Listed By:
Eidel Moses · License #10401341307
(845) 323-9308
Source:
Bagshawre
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 8:29PM
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 Rodeo Realty Inc
Investment Insights
Based on property information with market context.
Completed in 2024, this industrial warehouse offers a 32-foot ceiling height and six loading docks to support receiving and distribution functions. The building also contains finished office areas, modern kitchens, and a conference room for administrative and operational needs.
The sale includes a separate residential property in addition to the industrial building, creating a combined commercial and residential offering.
The sale includes a separate residential property in addition to the industrial building, creating a combined commercial and residential offering.
Key Highlights
- 2024 construction
- 32‑foot ceiling height
- Six loading docks
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
$522,900
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
6.97%
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%
$10,458,000
$10.5M
Cap Rate 7%
$7,470,000
$7.5M
Cap Rate 9%
$5,810,000
$5.8M
Market Conditions
NOI Build-Up for 31,250 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
$840.0K $26.88/SF
− Vacancy
−$142.8K −$4.57/SF
EGI
$697.2K $22.31/SF
− OpEx
−$174.3K −$5.58/SF
NOI
$522.9K $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%
$10,458,000
Cap Rate 7%
$7,470,000
Cap Rate 9%
$5,810,000
Alternative Uses
Best Use
Office B
$7.47M
$6.54M – $8.72M
NOI $522,900 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$4.42M
$3.87M – $5.16M
NOI $309,538 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$10.58M
$9.26M – $12.35M
NOI $740,880 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32 ft
Clear height
6
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12549, NY
10,349
Population
3,918
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
93%
High-School Grad
38.7 sq mi
ZIP Area
267
Density / Sq Mi
$125,000
Median Household Income
$66,250
Median Earnings
$1,606
Median Rent
$377,300
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 - Newly constructed industrial space includes offices, kitchens, and a conference room.
Where is this warehouse located?
The property is located at 2265 State Route 17k Montgomery, NY.
What is the asking price?
The asking price for this property is $7,499,999.
What are key features of this property?
This property features: 2024 construction; 32‑foot ceiling height; Six loading docks
