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Turnkey Renovated Office Building
For Sale
$719,000

313 Fullerton Avenue, Newburgh, NY 12550

Six-suite, fully renovated professional office building with private parking, elevator access, and separately metered utilities for tenant control.

Property Size3,204 SF
Price / SF$239.67
Days on Market113

Property Features for 313 Fullerton Avenue

General Information

Standard status Active
Size 3,204 SF
Total Parking Spaces 12

Additional Details

Business Included Yes
Office Units 6

Taxes and HOA fees

Annual Taxes $11,169

Amenities

Electric
Attached, Common, Driveway, Parking Lot, Private

Building Details

Building Size 3,204 SF
Tenancy Multi
Listing Agency: Hudson Valley Home Connection
Listed By: Melissa M Forsyth · License #10491201874
Source: Evrealestate
Added: Jun 19 Changed: Sep 27 Last Checked: Oct 7 at 1:04PM

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 Hudson Valley Home Connection

Investment Insights

Based on property information with market context.

This completely renovated professional office building offers a modern, turnkey setup with six individual office suites totaling over 3,000 square feet. The property features an oversized professional lobby and common areas, full handicapped accessibility, and a fully renovated elevator providing elevator access to all levels. Improvements called out in the renovation include replacement or upgrades to windows, doors, flooring, bathrooms, electrical systems, heating and cooling systems, and the building’s common areas. Each suite is individually metered with separate electric service and independent heating and cooling systems, giving tenants control of their own utility usage while helping limit owner expenses. The building is described as low-maintenance, with minimal deferred maintenance concerns.

Located in the City of Newburgh at 313 Fullerton Avenue, the property sits among established medical offices, healthcare providers, and professional businesses. The offering also includes private off-street parking, supporting day-to-day access for employees and visitors.

From a tenant perspective, the building’s suite-by-suite utility separation and independent HVAC systems can simplify operations for professional uses such as medical, wellness, counseling, legal, accounting, insurance, executive office, and other professional services. For an owner-user, the flexible floor plan described in the offering supports occupying a portion of the building while generating income from the remaining suites. The seller also provides projected gross rental income exceeding $84,000 annually when fully leased.

Key Highlights

  • Fully renovated professional office building with over 3,000 SF and six individual office suites
  • Projected gross rental income exceeding $84,000 annually (over $7,000/month when fully leased)
  • Separate electric meters for each unit with independent heating and cooling systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$50,198
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,960 $1.0M
Cap Rate 7%
$717,114 $717.1K
Cap Rate 9%
$557,756 $557.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$80.6K $26.88/SF
− Vacancy
−$13.7K −$4.57/SF
EGI
$66.9K $22.31/SF
− OpEx
−$16.7K −$5.58/SF
NOI
$50.2K $16.73/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$26.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,960
Cap Rate 7%
$717,114
Cap Rate 9%
$557,756

Alternative Uses

Best Use
Office B
$717.1K
$627.5K – $836.6K (±1% cap)
NOI $50,198 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$889.1K – $1.19M (±1% cap)
NOI $71,124 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

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

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Gym & Fitness Center Electrical Service Veterinary Clinic

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

Lease Details

6
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

555
Businesses Nearby

Demographics for 12550, NY

55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Six-suite, fully renovated professional office building with private parking, elevator access, and separately metered utilities for tenant control.
Where is this office units located?
The property is located at 313 Fullerton Avenue Newburgh, NY.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Fully renovated professional office building with over 3,000 SF and six individual office suites; Projected gross rental income exceeding $84,000 annually (over $7,000/month when fully leased); Separate electric meters for each unit with independent heating and cooling systems
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