Route 52 Flex Space with Roll-Up
For Sale
$875,000
2420 STATE ROUTE 52, Pine Bush, NY 12566
Flexible commercial space with automotive equipment, municipal utilities, and a layout adaptable to multiple operations.
Property Size5,958 SF
Price / SF$146.86
Days on Market9
Property Features for 2420 STATE ROUTE 52
General Information
Standard status
Active
Size
5,958 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$17,464
Amenities
roll-up doors
3
Parking.
Lot.
Building Details
Buildings
1
Listing Agency:
(845) 222-0147
Listed By:
Rand Commercial
(845) 222-0147
Source:
Xome
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 1:28PM
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 Rand Commercial
Investment Insights
Based on property information with market context.
This 5,958-square-foot flex space occupies a commercial building that has supported automotive and retail uses. The interior includes three 12-foot roll-up doors, existing automotive equipment, and a configuration that can accommodate varied operational layouts. Parking and a lot are also included, while municipal water and sewer serve the property.
Positioned along State Route 52 in Pine Bush, the building provides road exposure and convenient access. Its existing improvements may support continued automotive activity or adaptation for other commercial operations, subject to zoning and municipal approvals. The property’s combination of overhead-door access, utility service, and usable commercial improvements provides a practical foundation for an owner-user or other business operation.
Positioned along State Route 52 in Pine Bush, the building provides road exposure and convenient access. Its existing improvements may support continued automotive activity or adaptation for other commercial operations, subject to zoning and municipal approvals. The property’s combination of overhead-door access, utility service, and usable commercial improvements provides a practical foundation for an owner-user or other business operation.
Key Highlights
- 5,958 SF flex space along State Route 52 in Pine Bush
- Three 12‑foot roll‑up doors support vehicle and material access
- Existing automotive equipment remains in the building
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
$72,518
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
8.29%
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%
$1,450,360
$1.5M
Cap Rate 7%
$1,035,971
$1.0M
Cap Rate 9%
$805,756
$805.8K
Market Conditions
NOI Build-Up for 5,958 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
$107.2K $18.00/SF
− Vacancy
−$3.6K −$0.61/SF
EGI
$103.6K $17.39/SF
− OpEx
−$31.1K −$5.22/SF
NOI
$72.5K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,450,360
Cap Rate 7%
$1,035,971
Cap Rate 9%
$805,756
Alternative Uses
Best Use
Retail
$1.04M
$906.5K – $1.21M
NOI $72,518 @ 7.0% cap · market cap 8.29%
Second Best
Flex RnD
$992.3K
$868.3K – $1.16M
NOI $69,460 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,253 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12566, NY
10,923
Population
4,454
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
55.8 sq mi
ZIP Area
196
Density / Sq Mi
$110,154
Median Household Income
$52,122
Median Earnings
$1,414
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space with automotive equipment, municipal utilities, and a layout adaptable to multiple operations.
Where is this flex space located?
The property is located at 2420 STATE ROUTE 52 Pine Bush, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,958 SF flex space along State Route 52 in Pine Bush; Three 12‑foot roll‑up doors support vehicle and material access; Existing automotive equipment remains in the building
