Building Details

Building Size 7,600 SF

Year Built 1978

Listing Agency: Tactical Realty LLC

Listed By: Steven Moreau · License #10491208521 Show Phone

Source: Elliman

Added: Apr 27 Changed: Oct 10 Last Checked: Oct 20 at 10:21PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The sale includes four parcels totaling approximately 39.8 acres, anchored by a strategically located, improved site at 350 Newport Bridge Rd. The primary 15.60-acre parcel is zoned COM-1 within the Warwick Valley School District, with three additional parcels totaling approximately 11.9 acres, 6.3 acres, and 6 acres that can support expansion, subdivision, or long-term land banking. Improvements include a 7,600 sq ft industrial-style building constructed in 1978, featuring concrete flooring, a loading dock, oversized commercial access doors, and strong electrical capacity. A high-producing well is located outside the building for potential future use.

The portfolio benefits from agricultural (“AG”) exemption status supported by $10,150 in annual income. Access is described as being approximately 1.2 miles from the New Jersey border, with convenient access to Route 17, I-87, and I-84, and within approximately 57 miles of New York City.

Overall, the combination of an improved industrial building, multi-parcel configuration, and AG exemption income provides a flexible structure for buyers seeking land and facility optionality.

Key Highlights

• Sale includes four parcels totaling approx. 39.8 acres, anchored by 350 Newport Bridge Rd in Warwick, NY
• Primary 15.60‑acre parcel (10‑1‑36) zoned COM‑1 within Warwick Valley School District
• 7,600 SF industrial‑style building (1978) with concrete flooring, loading dock, and oversized commercial access doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,995

Cap Rate

9.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,239,900 $1.2M

Cap Rate 7%

$885,643 $885.6K

Cap Rate 9%

$688,833 $688.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,600 SF

Gross rent

$106.7K $14.04/SF

− Vacancy

−$18.1K −$2.39/SF

EGI

$88.6K $11.65/SF

− OpEx

−$26.6K −$3.50/SF

NOI

$62.0K $8.16/SF

Area

Orange County, NY

Vacancy

17.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,239,900

Cap Rate 7%

$885,643

Cap Rate 9%

$688,833

Alternative Uses

Best Use

Industrial

$885.6K

$774.9K – $1.03M (±1% cap)

NOI $61,995 @ 7.0% cap · market cap 9.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $180,182 @ 7.0% cap · market cap 26.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Restaurant Law Firm Building Supply Food Market

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 10969, NY

1,282

Population

478

Households

2.7

Avg Household Size

43

Median Age

28%

College-Educated

95%

High-School Grad

10.9 sq mi

ZIP Area

118

Density / Sq Mi

$154,127

Median Household Income

$62,008

Median Earnings

$397,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Four-parcel industrial and agricultural land offering anchored by a 7,600 SF industrial-style building with loading dock.

Where is this manufacturing property located?

The property is located at 350 Newport Bridge Rd Pine Island, NY.

What is the asking price?

The asking price for this property is $679,999.

What are key features of this property?

This property features: Sale includes four parcels totaling approx. 39.8 acres, anchored by 350 Newport Bridge Rd in Warwick, NY; Primary 15.60‑acre parcel (10‑1‑36) zoned COM‑1 within Warwick Valley School District; 7,600 SF industrial‑style building (1978) with concrete flooring, loading dock, and oversized commercial access doors