Professional Complex For
3348 State Route 208 Camp Bell Hall, NY 10916
3348 State Route 208, Camp Bell Hall, NY, 10916
$3,200,000
For Sale
$3,200,000
Two-building professional complex suitable for owner occupancy or investment.
Property Size12,356 SF
Price / SF$258.98
Days on Market100
Property Features for 3348 State Route 208
General Information
- Standard status
- Active
- Size
- 12,356 SF
- Property subtype
- Commercial
Listing Agency
RAND COMMERCIAL
(845) 744-2095
Listed by
John J Lavelle · License #10301212320
(845) 744-2095
Source
Elliman
Added: Apr 10 Checked: Jul 17 at 8:06 am
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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
This property features a two-building professional complex suitable for owner occupancy or investment. Building 1, a two-story structure with 11,974 square feet, is currently used as both professional office space and a school. The school will be vacating in June 2026 and the space will be available for lease. The second floor of Building 1 contains conference rooms and an employee apartment. Building 2 is fully leased and consists of 12,356 square feet, containing office space, a research lab, and garage space. The property has a walk score of 7, indicating car dependence, and a bike score of 11, indicating it is somewhat bikeable.
Key Highlights
- Two‑building professional complex ideal for owner‑occupancy or investment.
- Building 2 is fully leased, offering immediate income.
- Building 1 features 11,974 sqft, currently configured as office and school space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $332.1k | $26.88 |
| − Vacancy | −$56.5k | −$4.57 |
| EGI | $275.7k | $22.31 |
| − OpEx | −$68.9k | −$5.58 |
| NOI | $206.8k | $16.73 |
12,356 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.45M
NOI $206,750 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,938 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-building professional complex suitable for owner occupancy or investment.
Where is this office building located?
The property is located at 3348 State Route 208 Camp Bell Hall, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Two‑building professional complex ideal for owner‑occupancy or investment.; Building 2 is fully leased, offering immediate income.; Building 1 features 11,974 sqft, currently configured as office and school space.
