Multi-Office Professional
255 Route 32, Central Valley, NY 10917
For Sale
Contact for pricing
Three offices can be configured as a combined space or leased separately, with building signage available.
Property Size1,700 SF
Price / SF$0.50
Days on Market23
Property Features for 255 Route 32
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
signage available
Building Details
Year Built
Listing Agency:
RE/MAX Benchmark Realty Group
(845) 565-0004
Listed By:
Richard J Froehlich · License #30FR0949227
(845) 774-6397
Source:
Neilcharlesrealestate
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 6 at 3:01PM
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
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Investment Insights
Based on property information with market context.
This 1,700-square-foot office property includes three offices: two adjoining rooms and a separate office. The adjoining offices can be used together or individually, and the separate room offers another leasing option. The space is located above active offices, and the landlord covers utilities.
The property is on Route 32 in Woodbury, with signage available.
The property is on Route 32 in Woodbury, with signage available.
Key Highlights
- 1,700 square feet of office space
- Three offices: two adjoining and one separate
- Two adjoining offices can be combined or leased individually
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,446
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,920
$568.9K
Cap Rate 7%
$406,371
$406.4K
Cap Rate 9%
$316,067
$316.1K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$45.7K $26.88/SF
− Vacancy
−$7.8K −$4.57/SF
EGI
$37.9K $22.31/SF
− OpEx
−$9.5K −$5.58/SF
NOI
$28.4K $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%
$568,920
Cap Rate 7%
$406,371
Cap Rate 9%
$316,067
Alternative Uses
Best Use
Office B
$406.4K
$355.6K – $474.1K
NOI $28,446 @ 7.0% cap · market cap 3,346.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.8K
$503.8K – $671.7K
NOI $40,304 @ 7.0% cap · market cap 4,741.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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Business Placement
Demographics for 10917, NY
1,973
Population
611
Households
3.2
Avg Household Size
40
Median Age
46%
College-Educated
93%
High-School Grad
4.8 sq mi
ZIP Area
411
Density / Sq Mi
$126,522
Median Household Income
$57,735
Median Earnings
$553,000
Median Home Value
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Market
Properties on Market for Office Units in Orange County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Three offices can be configured as a combined space or leased separately, with building signage available.
Where is this office unit located?
The property is located at 255 Route 32 Central Valley, NY.
What are key features of this property?
This property features: 1,700 square feet of office space; Three offices: two adjoining and one separate; Two adjoining offices can be combined or leased individually
