Flex Space with Loading
For Sale
$565,000
3 Bon Jovi Ln, Liberty, NY 12754
Adaptable commercial property combining warehouse capacity, office improvements, loading infrastructure, municipal services, and blacktop parking.
Property Size6,000 SF
Price / SF$94.17
Days on Market24
Property Features for 3 Bon Jovi Ln
General Information
Standard status
Active
Size
6,000 SF
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$18,546
Amenities
break room
bathroom
Building Details
Buildings
1
Building Size
6,000 SF
Listing Agency:
R J Katz Realty
(845) 798-2126
Listed By:
Harold B. Reynolds · License #10371201599
(845) 798-2126
Source:
Exprealty
Added: Jul 20
Changed: Aug 12
Last Checked: Aug 12 at 5:34AM
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 R J Katz Realty
Investment Insights
Based on property information with market context.
Located at 3 Bon Jovi Ln in Liberty, NY, this approximately 6,000-square-foot flex property combines warehouse and office-oriented areas within a versatile commercial layout. Roughly half of the building provides warehouse space with 14-foot ceilings, three loading docks, two 10' x 12' overhead doors, and one 8' x 8' overhead door. The balance includes finished office space, a break room, and a bathroom, with lower ceilings that support continued office use or conversion to showroom, retail, or additional storage functions.
Recent improvements include refinishing approximately two-thirds of the roof last year, complete reconstruction of one exterior wall, and installation of a new fire system. Municipal water and sewer serve the property, while blacktop parking supports day-to-day operations. The sale also includes product racking throughout the building and two on-site storage containers, adding built-in storage infrastructure for a range of commercial users.
Recent improvements include refinishing approximately two-thirds of the roof last year, complete reconstruction of one exterior wall, and installation of a new fire system. Municipal water and sewer serve the property, while blacktop parking supports day-to-day operations. The sale also includes product racking throughout the building and two on-site storage containers, adding built-in storage infrastructure for a range of commercial users.
Key Highlights
- Approximately 6,000 square feet of flex commercial space
- Warehouse area includes 14‑foot ceilings, three loading docks, and three overhead doors
- Two 10' x 12' overhead doors plus one 8' x 8' overhead door
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
$50,261
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
8.90%
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%
$1,005,220
$1.0M
Cap Rate 7%
$718,014
$718.0K
Cap Rate 9%
$558,456
$558.5K
Market Conditions
NOI Build-Up for 6,000 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
$77.0K $12.84/SF
− Vacancy
−$5.2K −$0.87/SF
EGI
$71.8K $11.97/SF
− OpEx
−$21.5K −$3.59/SF
NOI
$50.3K $8.38/SF
Area
Sullivan County, NY
Vacancy
6.80%
Lease Rate
$12.84 /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%
$1,005,220
Cap Rate 7%
$718,014
Cap Rate 9%
$558,456
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 14.91%
Second Best
Flex RnD
$1.18M
$1.03M – $1.37M
NOI $82,368 @ 7.0% cap · market cap 14.58%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,200 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Dock-high doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12754, NY
7,654
Population
3,783
Households
2
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
28.3 sq mi
ZIP Area
270
Density / Sq Mi
$56,597
Median Household Income
$38,067
Median Earnings
$905
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cooking 2gether — 107 Wierk Ave, Liberty, NY 12754
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial property combining warehouse capacity, office improvements, loading infrastructure, municipal services, and blacktop parking.
Where is this flex space located?
The property is located at 3 Bon Jovi Ln Liberty, NY.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 6,000 square feet of flex commercial space; Warehouse area includes 14‑foot ceilings, three loading docks, and three overhead doors; Two 10' x 12' overhead doors plus one 8' x 8' overhead door
