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    Ground-Level Office Suite with Elevator Title is generated by Realmo AI

    313 Fullerton Avenue, Newburgh, NY 12550

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    For Lease
    $700/Mo $17 SF/Yr (calc)

    COMMERCIAL - Newburgh, NY

    Type:Office
    Property size:
    480 SF
    Lot size:
    0.22 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 313 Fullerton Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    CD
    Parking
    12
    Parking features
    Driveway, Offsite, On Street, Parking Lot, Assigned
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Standard status
    Active
    APN
    331100-006-000-0005-004.000-0000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11170

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    6
    Flooring type
    Linoleum
    Building materials
    Block

    We can help!

    Listing Contact
    Melissa M Forsyth

    Listing agent Melissa M Forsyth License #10491201874

    Listing office Hudson Valley Home Connection 283 Windsor Highway, Newburgh, NY

    Listing date Jun 3, 2026

    MLS# 1008752

    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.

    HighLights

    • Ground‑level renovated office suite in Newburgh’s professional business district
    • Suite includes updated windows, fresh paint, and solid‑core doors
    • Electric heating with central air plus an ENERGY STAR qualified mini‑split for heating and air
    • Accessible features include an accessible ramp and an accessible elevator
    • Oversized lobby and elevator access; flooring includes linoleum
    • One of only six office units; can connect/lease together with Unit 2 for approx. 480 SF combined

    Overview

    This renovated ground-level office suite is located in a building with only six office units, offering a streamlined setup for medical, professional, administrative, or consulting use. The suite is served by an oversized lobby, elevator access, and a handicap-accessible ramp. Inside, the space has been updated with fresh paint, new windows, and solid-core doors for added privacy. Separate climate control is provided by its own energy-efficient mini-split system offering both heating and air conditioning.

    Positioned in the heart of Newburgh’s professional business district, the building is surrounded by established professional and medical offices. The suite’s direct ground-level access and building amenities are designed to support convenient day-to-day operations for staff and visitors at 313 Fullerton Avenue in Newburgh.

    The layout works well for tenants seeking a polished, accessible office environment without navigating multiple levels. This unit is directly connected to Unit 2 and may be leased together for businesses that require additional space, creating a combined footprint of approximately 480 square feet. The combination of modern interior updates, privacy-enhancing doors, and straightforward building access supports a practical fit for a range of professional uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Newburgh Eye Associates Medical Clinic Robert Ferrer LLC Counselor Faith Family Church Church Newburgh Eye Associates: ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.025558
    Latitude
    41.5122486

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    FAQs

    What type of property is this?
    Office units - Renovated ground-level office suite with elevator and handicap access, suited for medical, professional, or administrative use.
    Where is this office units located?
    The property is located at 313 Fullerton Avenue Newburgh, NY.
    What is the lease rate?
    The lease rate is $700 /Mo.
    What are key features of this property?
    This property features: Ground‑level renovated office suite in Newburgh’s professional business district; Suite includes updated windows, fresh paint, and solid‑core doors; Electric heating with central air plus an ENERGY STAR qualified mini‑split for heating and air
    (914) 213-4259
    We can help!
    Listing Contact
    Melissa M Forsyth
    Real Estate License ID: 10491201874
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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