Building Details

Building Size 2,370 SF

Year Built 1965

Buildings 1

Stories 1

Units 1

Listing Agency: KW Hudson Valley United k***@kw.com Show Phone

Listed By: Alyse Toffel · License #10401312176 Show Phone

Source: Croninreale

Added: May 19 Changed: Oct 23 Last Checked: Oct 23 at 9:51AM

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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 KW Hudson Valley United

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Investment Insights

Based on property information with market context.

This 2,370-square-foot flex building, constructed in 1965, has three overhead garage bays: two approximately 9'2" high and one approximately 10'5" high. The interior includes open areas with durable flooring and storage, plus a separate room at the rear with a half bath and a kitchen area with a sink. A paved parking lot provides off-street parking, and the property occupies a corner lot.

The property is in the City of Port Jervis R2 zoning district. The stated uses that can be accommodated are a single-family residence or a retail convenience store; other uses require a variance. Buyers should verify intended uses, approvals, permits, and zoning requirements with the city.

Key Highlights

• 2,370‑square‑foot flex building on a corner lot
• Three overhead garage bays: two approximately 9'2" high and one approximately 10'5" high
• Rear gathering room with half bath and kitchen area with sink

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,475

Cap Rate

8.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$469,500 $469.5K

Cap Rate 7%

$335,357 $335.4K

Cap Rate 9%

$260,833 $260.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,370 SF

Gross rent

$33.3K $14.04/SF

− Vacancy

−$5.7K −$2.39/SF

EGI

$27.6K $11.65/SF

− OpEx

−$4.1K −$1.75/SF

NOI

$23.5K $9.91/SF

Area

Orange County, NY

Vacancy

17.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$469,500

Cap Rate 7%

$335,357

Cap Rate 9%

$260,833

Alternative Uses

Best Use

Flex RnD

$394.7K

$345.4K – $460.5K (±1% cap)

NOI $27,630 @ 7.0% cap · market cap 10.05%

Second Best

Warehouse

$335.4K

$293.4K – $391.3K (±1% cap)

NOI $23,475 @ 7.0% cap · market cap 8.54%

Theoretical Best

Office A

$802.7K

$702.4K – $936.5K (±1% cap)

NOI $56,188 @ 7.0% cap · market cap 20.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

PORT JERVIS VOLUNTEER ... Ambulance Service

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Locksmith Computer & Electronic Repair Carpet & Flooring Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Open interior areas and a separate rear gathering space support a range of configurations.

Where is this flex space located?

The property is located at 29 Church Street #31 Port Jervis, NY.

What is the asking price?

The asking price for this property is $274,900.

What are key features of this property?

This property features: 2,370‑square‑foot flex building on a corner lot; Three overhead garage bays: two approximately 9'2" high and one approximately 10'5" high; Rear gathering room with half bath and kitchen area with sink