Brick Warehouse with Loading
New
For Sale
$499,000
3480 State Route 208, Camp Bell Hall, NY 10916
Circa-1940 storage building with multiple access points, private parking, and recent roof, electrical, and plumbing work.
Property Size3,160 SF
Lot Size6.20 Acres
Price / SF$157.91
Days on Market6
Property Features for 3480 State Route 208
General Information
Standard status
Active
Size
3,160 SF
Lot size
6.20 Acres
Zoning
R-4A
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
3,160 SF
Taxes and HOA fees
Annual Taxes
$8,850
Building Details
Buildings
1
Building Size
3,160 SF
Construction
brick
Listing Agency:
Keller Williams Realty
(646) 247-3290
Listed By:
John J. Ricco
(646) 247-3290
Source:
Exprealty
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 19 at 10:40AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This circa-1940 brick warehouse and storage property includes approximately 3,160 square feet on approximately 6.2 acres. The building has an oversized overhead door, a dedicated loading area, multiple exterior access points, and private on-site parking. Recent maintenance and improvements have addressed portions of the roof, electrical system, and plumbing. The grounds have been cleared and landscaped.
The property is positioned at the Route 207 and Route 208 crossroads, with an address on State Route 208 in Campbell Hall, NY. It is zoned R-4A Rural Preserve. Prospective purchasers should independently confirm zoning, certificates, permits, approvals, continued or proposed uses, and any lawful preexisting nonconforming-use status with the Town of Hamptonburgh and applicable agencies.
The property is positioned at the Route 207 and Route 208 crossroads, with an address on State Route 208 in Campbell Hall, NY. It is zoned R-4A Rural Preserve. Prospective purchasers should independently confirm zoning, certificates, permits, approvals, continued or proposed uses, and any lawful preexisting nonconforming-use status with the Town of Hamptonburgh and applicable agencies.
Key Highlights
- Approximately 3,160 square feet of brick warehouse and storage space
- Approximately 6.2 acres at the Route 207/208 crossroads
- Circa‑1940 construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,000
$626.0K
Cap Rate 7%
$447,143
$447.1K
Cap Rate 9%
$347,778
$347.8K
Market Conditions
NOI Build-Up for 3,160 SF
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.
Gross rent
$44.4K $14.04/SF
− Vacancy
−$7.5K −$2.39/SF
EGI
$36.8K $11.65/SF
− OpEx
−$5.5K −$1.75/SF
NOI
$31.3K $9.91/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,000
Cap Rate 7%
$447,143
Cap Rate 9%
$347,778
Alternative Uses
Best Use
Warehouse
$447.1K
$391.3K – $521.7K
NOI $31,300 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.5K – $1.25M
NOI $74,918 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10916, NY
4,604
Population
1,545
Households
3
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
23.5 sq mi
ZIP Area
196
Density / Sq Mi
$115,227
Median Household Income
$54,621
Median Earnings
$1,196
Median Rent
$468,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Circa-1940 storage building with multiple access points, private parking, and recent roof, electrical, and plumbing work.
Where is this warehouse located?
The property is located at 3480 State Route 208 Camp Bell Hall, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 3,160 square feet of brick warehouse and storage space; Approximately 6.2 acres at the Route 207/208 crossroads; Circa‑1940 construction
