Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Mixed-Use Building For Lease Title is generated by Realmo AI

    2430 State Route 32, New Windsor, NY 12553

    View on Map
    Claim this Listing
    For Lease
    $14 SF/Yr $10,937/Mo (calc)

    9375 sq ft mixed-use building near busy intersection.

    Type:Commercial
    Property size:
    9,375 SF
    Lot size:
    1.20 Acres
    Added:
    Oct 1, 2025
    Days on Market:
    247
    Last Refresh:
    Apr 5 at 11:36 pm

    Property Features for 2430 State Route 32

    General Information

    Standard status
    Active
    Size
    9,375 SF
    Lot size
    1.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    GEORGE K KOUDOUNAS
    GEORGE K KOUDOUNAS

    Listing agent GEORGE K KOUDOUNAS License #30KO1024277

    Listing office RE/MAX BENCHMARK REALTY GROUP

    Listing date Oct 1, 2025

    Source Corcoran

    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 RE/MAX BENCHMARK REALTY GROUP

    HighLights

    • Prime location: Less than half mile from the "Five Corners" intersection with high traffic (over 30,000 cars per day).
    • Large commercial space: 5625 sq. ft. of open, column‑free area with 24' ceilings, plus 1875 sq. ft. of office space.
    • Mixed‑use property: Includes a 3‑bedroom apartment (1875 sq. ft.) with 2 full bathrooms.
    • Ample parking: Approximately 40 paved parking spaces on a 1.2‑acre lot.
    • Equipped with an auto‑switch Generac generator.
    • 3‑Phase electric power and all municipal services.

    Overview

    This mixed-use building offers a total of 9375 square feet and is available for lease. The ground floor features 5625 square feet of column-free, heated open commercial space with concrete flooring and 24-foot high ceilings. An additional 1875 square feet of office space with no-step access is also located on the ground floor. The second floor contains 1875 square feet currently configured as a spacious three-bedroom apartment with two full bathrooms and all services and amenities. Situated in a prime location within the Cornwall municipality and school district, the property has a New Windsor address and is located less than half a mile from the "Five Corners" intersection, which sees over 30,000 cars passing by daily. The property includes a Generac auto-switch generator. The 1.2-acre lot is zoned HC and provides a paved parking area for approximately 40 cars, with additional green yard space available on both sides of the building. The building has 3 phase electric.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Windsor
    County
    Orange
    State
    New York
    Longitude
    -74.0567
    Latitude
    41.4489

    Nearby Similar for Lease

    • $4,300/Mo
      2,450 SF

      Versatile Commercial Space Near Airport

      2,450 sq ft commercial property near Stewart Airport.
      75 Bill Larkin Drive, New Windsor, NY 12553
      View Details
    • $450/Mo
      8,000 SF

      New Windsor Commercial Building

      Free-standing building with showroom and shop space available for rent.
      42 Windsor Highway, New Windsor, NY 12553
      View Details
    • $2,500/Mo
      2,100 SF

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for rent.
      408 Blooming Grove Turnpike, New Windsor, NY 12553
      View Details
    • $2,000/Mo
      2,100 SF

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for lease.
      408 Blooming Grove Turnpike, New Windsor, NY 12553
      View Details
    • $570/Mo

      Renovated Office Unit For Lease

      Renovated office unit in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $2,500/Mo

      Freestanding Building on Windsor Highway

      Freestanding commercial building with hardwood floors and fireplace for rent.
      283 Windsor Highway, New Windsor, NY 12553
      View Details
    • $575/Mo

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $550/Mo

      Renovated Office Unit For Lease

      Renovated office unit in high-traffic commuter location with parking.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $995/Mo

      Renovated Office Unit For Lease

      Renovated office space in high-traffic commuter location with flexible terms.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $575/Mo

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $1,200/Mo

      Remodeled Office Space For Lease

      Remodeled office space on main road, includes several utilities.
      345 Windsor Highway, New Windsor, NY 12553
      View Details
    • $15 SF/Yr

      New Windsor Office Building For Lease

      Highly visible commercial space near Stewart Airport and major highways.
      563 Temple Hill Road, New Windsor, NY 12553
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 9375 sq ft mixed-use building near busy intersection.
    Where is this mixed-use property located?
    The property is located at 2430 State Route 32 New Windsor, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Less than half mile from the "Five Corners" intersection with high traffic (over 30,000 cars per day).; **Large commercial space**: **5625 sq. ft. of open, column‑free area with 24' ceilings**, plus 1875 sq. ft. of office space.; Mixed‑use property: Includes a 3‑bedroom apartment (1875 sq. ft.) with 2 full bathrooms.
    (845) 565-0004
    We can help!
    Listing Contact
    GEORGE K KOUDOUNAS
    GEORGE K KOUDOUNAS
    Real Estate License ID: 30KO1024277
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2430 State Route 32, New Windsor, NY 12553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!