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    Medical Office Suite with Exam Rooms Title is generated by Realmo AI

    347 Fullerton, Newburgh, NY 12550

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    New
    For Lease
    $1,800/Mo $14 SF/Yr (calc)

    Commercial Lease - Newburgh, NY

    Property size:
    1,500 SF
    Added:
    May 31, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 347 Fullerton

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    Size
    1,500 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Laminate
    Building materials
    Cedar, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jodi Gillespie
    Jodi Gillespie

    Listing agent Jodi Gillespie

    Listing office GILLESPIE REAL ESTATE LLC 167 NORTH PLANK RD, NEWBURGH, NY

    Listing date May 31, 2026

    MLS# 11801225 Listing URL

    Copyright © 2026 My State 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

    • 9‑room ground‑level professional office/medical suite for lease in a professional business complex in the City of Newburgh
    • Includes reception area with built‑in desk and file storage, waiting area, and main entrance foyer
    • Private office with its own entrance and private bathroom, plus a pantry with sink and storage room with sink
    • Four exam rooms (three with sinks, including one with two sinks) and two additional restrooms
    • Parking available onsite with a garage
    • Utilities: tenant responsible for electric (heating, air conditioning, and lighting), sanitation, and internet

    Overview

    Available for lease, this ground-level professional office/medical suite offers a 9-room layout designed for patient-facing care and service work. The space includes a welcoming reception area with built-in desk and file storage, a waiting area, and a main entrance foyer. An additional private office includes its own entrance and a private bathroom, supported by a pantry with sink, a storage room with sink, and an additional restroom.

    The suite also provides four exam rooms, three with sinks, including one exam room with two sinks. The space is located within a well-established professional business complex with established neighboring professional tenants, including Quest Diagnostics and other business services. Ample on-site parking supports convenient access for clients and staff.

    For medical, wellness, or office operators seeking a functional, client-ready environment, this suite’s exam room configuration and patient support spaces such as the reception, waiting area, and restrooms offer an efficient workflow for day-to-day services. Tenant responsibilities include electric for heating, air conditioning, and lighting, along with sanitation and internet services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Martha A. Chun DMD, ... Dental Office Gordon & Maltz Dental Office Blink Charging Station Electric Vehicle Charging Station Altucare Primary Medical ... Medical Clinic Dr. Catherine Agricola Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.025624
    Latitude
    41.51365

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    FAQs

    What type of property is this?
    Medical Office Space - Ground-level 9-room suite with multiple exam rooms, reception, and private bathroom, suited for medical or wellness practices.
    Where is this medical office space located?
    The property is located at 347 Fullerton Newburgh, NY.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: 9‑room ground‑level professional office/medical suite for lease in a professional business complex in the City of Newburgh; Includes reception area with built‑in desk and file storage, waiting area, and main entrance foyer; Private office with its own entrance and private bathroom, plus a pantry with sink and storage room with sink
    (845) 565-7073
    We can help!
    Listing Contact
    Jodi Gillespie
    Jodi Gillespie
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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.

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