Dual-Access Warehouse
For Sale
$849,900
30 Culvert Street, Port Jervis, NY 12771
Commercial Sale, Port Jervis, NY
Property Size8,400 SF
Lot Size0.52 Acres
Price / SF$101.18
Days on Market8
Property Features for 30 Culvert Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NMU
Lot features
Cleared, 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
331300-003-000-0004-001.200-0000
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10500
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Oil
Water source
Public
Building Details
Year built
1941
Number of units
2
Flooring type
Concrete
Building materials
Block
Listing Agency:
Malek Properties
(845) 583-6333
Listed By:
Carol Malek · License #31MA1121533
(845) 798-2300
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 23 at 5:06PM
MLS# 1037950
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.
This 8,400-square-foot warehouse comprises two connected masonry buildings with clear-span interiors and concrete flooring. Five overhead bay doors support shipping, receiving, and equipment movement, while three-phase electric service accommodates power-intensive operations. The property is currently used for welding and metal fabrication, with machinery and inventory available for inclusion if desired. Zoning is NMU.
Located at 30 Culvert Street in Port Jervis, the facility has access from both Kingston Avenue, identified as U.S. Route 209, and Culvert Street. The dual-road configuration provides separate entry and exit points for commercial vehicles. Interstate 84 is minutes away, with proximity to New Jersey and Pennsylvania. The 0.5238-acre property was built in 1941 and includes public water and public sewer service.
Located at 30 Culvert Street in Port Jervis, the facility has access from both Kingston Avenue, identified as U.S. Route 209, and Culvert Street. The dual-road configuration provides separate entry and exit points for commercial vehicles. Interstate 84 is minutes away, with proximity to New Jersey and Pennsylvania. The 0.5238-acre property was built in 1941 and includes public water and public sewer service.
Key Highlights
- 8,400‑square‑foot warehouse with two connected masonry buildings
- Five overhead bay doors for shipping, receiving, and equipment movement
- Three‑phase electric service for power‑intensive operations
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
$70,365
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
8.28%
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%
$1,407,300
$1.4M
Cap Rate 7%
$1,005,214
$1.0M
Cap Rate 9%
$781,833
$781.8K
Market Conditions
NOI Build-Up for 8,400 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
$107.9K $12.84/SF
− Vacancy
−$7.3K −$0.87/SF
EGI
$100.5K $11.97/SF
− OpEx
−$30.2K −$3.59/SF
NOI
$70.4K $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%
$1,407,300
Cap Rate 7%
$1,005,214
Cap Rate 9%
$781,833
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,444 @ 7.0% cap · market cap 10.05%
Second Best
Industrial
$1.01M
$879.6K – $1.17M
NOI $70,365 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,280 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Neighborhood Self-Storage — 51 US-209, Port Jervis, NY 12771
- Fort Knox Self Storage — 20 Orange St, Port Jervis, NY 12771
Frequently Asked Questions
What type of property is this?
Warehouse - Connected masonry buildings provide clear-span workspace, overhead loading access, and three-phase electric service.
Where is this warehouse located?
The property is located at 30 Culvert Street Port Jervis, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 8,400‑square‑foot warehouse with two connected masonry buildings; Five overhead bay doors for shipping, receiving, and equipment movement; Three‑phase electric service for power‑intensive operations
