Industrial Land with Warehouse
For Sale
Contact for pricing
2917 ARTHUR KILL RD, Staten Island, NY 10309
Two adjoining M3-1 lots include an operating 10,000-sf warehouse used for auto repair plus adjacent vacant industrial land.
Property Size10,000 SF
Lot Size1.05 Acres
Price / SF$500
Days on Market94
Property Features for 2917 ARTHUR KILL RD
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.05 Acres
Property subtype
Industrial
Zoning
M3-1
Additional Details
Road Access
Yes
Building Details
Year Built
1989
Year Renovated
2020
Buildings
1
Units
1
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: Jun 4
Changed: Sep 1
Last Checked: Aug 31 at 9:57PM
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 RJM Realty Empire
Investment Insights
Based on property information with market context.
This for-sale industrial offering consists of two adjoining lots in an M3-1 manufacturing zoning district. One lot includes an approximately 10,000-sf warehouse currently operated as an auto repair facility by the owner. The second lot is vacant raw development industrial land.
The site fronts Arthur Kill road and Industrial Loop. Lot 2 has approximately 157 feet of frontage and approximately 183.62 feet of depth, providing a straightforward footprint for future development planning.
Combined, the parcels total 45,925 square feet of land area across Block 7206, Lots 235 and 225. The property presents a combination of income-generating operations and adjacent land for expansion or redevelopment, depending on end-user and investor objectives.
The site fronts Arthur Kill road and Industrial Loop. Lot 2 has approximately 157 feet of frontage and approximately 183.62 feet of depth, providing a straightforward footprint for future development planning.
Combined, the parcels total 45,925 square feet of land area across Block 7206, Lots 235 and 225. The property presents a combination of income-generating operations and adjacent land for expansion or redevelopment, depending on end-user and investor objectives.
Key Highlights
- Two adjoining M3‑1 manufacturing lots in Staten Island (Block 7206, Lots 235 & 225)
- Total land area: 45,925 SF across both lots, with Lot 1 at ~22,000 SF and Lot 2 at 23,925 SF
- Operating 10,000 SF warehouse on Lot 1 currently used as an auto repair facility by the owner
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
$215,208
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
4.30%
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%
$4,304,160
$4.3M
Cap Rate 7%
$3,074,400
$3.1M
Cap Rate 9%
$2,391,200
$2.4M
Market Conditions
NOI Build-Up for 10,000 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
$336.0K $33.60/SF
− Vacancy
−$28.6K −$2.86/SF
EGI
$307.4K $30.74/SF
− OpEx
−$92.2K −$9.22/SF
NOI
$215.2K $21.52/SF
Area
Staten Island, NY
Vacancy
8.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,304,160
Cap Rate 7%
$3,074,400
Cap Rate 9%
$2,391,200
Alternative Uses
Best Use
Retail
$3.07M
$2.69M – $3.59M
NOI $215,208 @ 7.0% cap · market cap 4.30%
Second Best
Warehouse
$3.03M
$2.65M – $3.53M
NOI $212,058 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,002 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Public Storage — 275 Veterans Rd W, Staten Island, NY 10309
Frequently Asked Questions
What type of property is this?
Warehouse - Two adjoining M3-1 lots include an operating 10,000-sf warehouse used for auto repair plus adjacent vacant industrial land.
Where is this warehouse located?
The property is located at 2917 ARTHUR KILL RD Staten Island, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two adjoining M3‑1 manufacturing lots in Staten Island (Block 7206, Lots 235 & 225); Total land area: 45,925 SF across both lots, with Lot 1 at ~22,000 SF and Lot 2 at 23,925 SF; Operating 10,000 SF warehouse on Lot 1 currently used as an auto repair facility by the owner
