Flex Building With Garage
For Sale
$299,999
29 Church Street, Port Jervis, NY 12771
Commercial Sale, Port Jervis, NY
Property Size2,370 SF
Lot Size0.17 Acres
Price / SF$126.58
Days on Market94
Property Features for 29 Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2
Parking
15
Parking features
Off Street, Parking Lot
Appliances
Gas Water Heater
Lot features
Corner Lot, Level, Near Public Transit
Elementary school
East Main Street Elementary School
Middle school
Port Jervis Middle School
High school
Port Jervis Senior High School
Elementary school district
Port Jervis
Middle school district
Port Jervis
High school district
Port Jervis
Standard status
Active
APN
331300-013-000-0019-001.000-0000
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
reception hall
half bath
kitchen area
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Laminate, Concrete
Building materials
Block
Listing Agency:
KW Hudson Valley United · Keller Williams Realty
(845) 610-6065
Listed By:
Alyse Toffel · License #10401312176
(518) 491-2585
Added: May 19
Changed: Aug 20
Last Checked: Aug 20 at 10:06AM
MLS# 1001085
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 2,370-square-foot flex building on a 0.1739-acre parcel at 29 Church Street in Port Jervis. Constructed in 1965, the block building includes three oversized overhead garage bays, with two measuring approximately 9'2" and the third approximately 10'5". Interior areas combine concrete and laminate flooring with open space suited to storage, equipment, workshop, or operational needs. A separate rear hall adds a reception or gathering area, half bath, and kitchen with sink.
The paved parking lot provides off-street parking, while public water and public sewer serve the property. The building is located in the City of Port Jervis R2 zoning district. Single-family residential and retail convenience store uses are identified in the property information; other uses require a variance. Buyers should verify intended uses, approvals, permits, and zoning requirements with the City of Port Jervis.
The paved parking lot provides off-street parking, while public water and public sewer serve the property. The building is located in the City of Port Jervis R2 zoning district. Single-family residential and retail convenience store uses are identified in the property information; other uses require a variance. Buyers should verify intended uses, approvals, permits, and zoning requirements with the City of Port Jervis.
Key Highlights
- 2,370‑square‑foot flex building on a 0.1739‑acre parcel
- Three oversized overhead garage bays
- Two bays measure approximately 9'2"; third bay measures approximately 10'5"
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
$24,107
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
8.04%
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%
$482,140
$482.1K
Cap Rate 7%
$344,386
$344.4K
Cap Rate 9%
$267,856
$267.9K
Market Conditions
NOI Build-Up for 2,370 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
$30.4K $12.84/SF
− Vacancy
−$2.1K −$0.87/SF
EGI
$28.4K $11.97/SF
− OpEx
−$4.3K −$1.80/SF
NOI
$24.1K $10.17/SF
Area
Sullivan County, NY
Vacancy
6.80%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
15.00%
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%
$482,140
Cap Rate 7%
$344,386
Cap Rate 9%
$267,856
Alternative Uses
Best Use
Flex RnD
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 10.85%
Second Best
Warehouse
$344.4K
$301.3K – $401.8K
NOI $24,107 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$650.1K
$568.8K – $758.4K
NOI $45,504 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
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 - Corner-lot property with open interiors, off-street parking, and a rear gathering area with kitchen facilities.
Where is this flex space located?
The property is located at 29 Church Street Port Jervis, NY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 2,370‑square‑foot flex building on a 0.1739‑acre parcel; Three oversized overhead garage bays; Two bays measure approximately 9'2"; third bay measures approximately 10'5"
