Multi-Building Flex
For Sale
$2,750,000
332 95 85 75 Bill Larkin Drive, New Windsor, NY 12553
Four separately metered buildings are served by Town water, sewer, and natural gas.
Property Size12,000 SF
Lot Size3.40 Acres
Price / SF$229.17
Days on Market48
Property Features for 332 95 85 75 Bill Larkin Drive
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
50
Lot size
3.40 Acres
Property subtype
Commercial
Zoning
AP
Occupancy
100%
Net Operating Income
$185,340
Financials
Asking Price
$2,850,000
Cap Rate
6.5%
Gross Income
$212,460
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,120
Building Details
Building Size
12,000 SF
Year Built
2019
Buildings
4
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Tactical Realty LLC
Listed By:
Steven Moreau · License #10491208521
(845) 218-5000
Source:
Croninreale
Added: Sep 7
Changed: Oct 23
Last Checked: Oct 23 at 3:18PM
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 Tactical Realty LLC
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Investment Insights
Based on property information with market context.
Four commercial buildings constructed in 2019 provide approximately 12,000 square feet across a 3.4-acre property in New Windsor. The flex space is fully occupied by five tenants, including four building occupants and a separate land tenant. Each building unit has its own utility meters and connections to Town water, Town sewer, and natural gas; tenants pay for their individually metered utilities. Zoning is AP.
The property is approximately 1 mile from Route 207, 2 miles from Route 747, 3 miles from I-84, 4 miles from I-87, and 4 miles from Route 9W. New York Stewart International Airport is nearby, and Woodbury Common Premium Outlets is 14 miles away.
The property is approximately 1 mile from Route 207, 2 miles from Route 747, 3 miles from I-84, 4 miles from I-87, and 4 miles from Route 9W. New York Stewart International Airport is nearby, and Woodbury Common Premium Outlets is 14 miles away.
Key Highlights
- Four commercial buildings totaling approximately 12,000 SF on 3.4 acres
- Built in 2019
- 100% occupancy across five tenants: four building tenants and one land tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,898
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,797,960
$2.8M
Cap Rate 7%
$1,998,543
$2.0M
Cap Rate 9%
$1,554,422
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$226.1K $18.84/SF
− Vacancy
−$10.9K −$0.90/SF
EGI
$215.2K $17.94/SF
− OpEx
−$75.3K −$6.28/SF
NOI
$139.9K $11.66/SF
Area
Orange County, NY
Vacancy
4.80%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,797,960
Cap Rate 7%
$1,998,543
Cap Rate 9%
$1,554,422
Alternative Uses
Best Use
Flex RnD
$2.00M
$1.75M – $2.33M
NOI $139,898 @ 7.0% cap · market cap 5.09%
Second Best
Warehouse
$1.70M
$1.49M – $1.98M
NOI $118,863 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$4.06M
$3.56M – $4.74M
NOI $284,498 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Four separately metered buildings are served by Town water, sewer, and natural gas.
Where is this flex space located?
The property is located at 332 95 85 75 Bill Larkin Drive New Windsor, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Four commercial buildings totaling approximately 12,000 SF on 3.4 acres; Built in 2019; 100% occupancy across five tenants: four building tenants and one land tenant
