Storefront with Display
For Sale
Contact for pricing
278 North Street, Middletown, NY 10940
A street-level retail space includes a dedicated entrance, display shelving, a counter area, and a separate rear room.
Property Size1,867 SF
Price / SF$0.67
Days on Market17
Property Features for 278 North Street
General Information
Standard status
Active
Size
1,867 SF
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1880
Listing Agency:
Real Estate Circuit Inc
Listed By:
Regina Clark · License #31CL0942146
(845) 344-1480
Source:
Neilcharlesrealestate
Added: Oct 14
Changed: Oct 30
Last Checked: Oct 30 at 1:58AM
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 Real Estate Circuit Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 278 North Street in Middletown, this street-level storefront has its own entrance and front windows. The interior includes display shelving, a counter area, a separate rear room, and a restroom. Forced-air heating, ductless cooling, public water, and public sewer serve the space.
The offering is described with a 12-month lease, with the tenant paying electricity. The building dates to 1880.
The offering is described with a 12-month lease, with the tenant paying electricity. The building dates to 1880.
Key Highlights
- Street‑level storefront with a dedicated entrance and front windows
- Interior includes display shelving, a counter area, a separate rear room, and a restroom
- Forced‑air heating and ductless cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,724
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,480
$454.5K
Cap Rate 7%
$324,629
$324.6K
Cap Rate 9%
$252,489
$252.5K
Market Conditions
NOI Build-Up for 1,867 SF
Gross rent
$33.6K $18.00/SF
− Vacancy
−$1.1K −$0.61/SF
EGI
$32.5K $17.39/SF
− OpEx
−$9.7K −$5.22/SF
NOI
$22.7K $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 Rate 5%
$454,480
Cap Rate 7%
$324,629
Cap Rate 9%
$252,489
Alternative Uses
Best Use
Retail
$324.6K
$284.1K – $378.7K
NOI $22,724 @ 7.0% cap · market cap 1,817.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.3K
$553.3K – $737.7K
NOI $44,263 @ 7.0% cap · market cap 3,541.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
BP
Shops & Services
3,699 visits/mo
0.2 miles
El Azteca
Dining
3,555 visits/mo
0.4 miles
Little Caesars Pizza
Dining
2,924 visits/mo
0.3 miles
Avis Budget Car Rental
Shops & Services
301 visits/mo
0.3 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- HOUSE OF BERNAL — North St, Middletown, NY 10940
Frequently Asked Questions
What type of property is this?
Storefront property - A street-level retail space includes a dedicated entrance, display shelving, a counter area, and a separate rear room.
Where is this storefront property located?
The property is located at 278 North Street Middletown, NY.
What are key features of this property?
This property features: Street‑level storefront with a dedicated entrance and front windows; Interior includes display shelving, a counter area, a separate rear room, and a restroom; Forced‑air heating and ductless cooling
