Building Details

Building Size 1,172 SF

Year Built 1984

Buildings 1

Construction block frame

Listing Agency: Howard Hanna Rand Realty

Listed By: Edwin Maldonado Show Phone

Source: Berardirealty

Added: Aug 4 Changed: Oct 31 Last Checked: Oct 30 at 10:28PM

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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 Howard Hanna Rand Realty

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Investment Insights

Based on property information with market context.

Built in 1984, this 1,172-square-foot block-frame building is zoned Light Industrial (I1) and configured for flexible commercial use. Three drive-in doors provide vehicle access, with two positioned at the front and a third located along the side. The property can accommodate industrial workspace, contractor operations, storage, or classic vehicle storage based on the uses identified for the building.

The property is located on Beesmer Road in Hurley, within 10 minutes of Kingston, Woodstock, and the NYS Thruway. The combination of industrial zoning, drive-in access, and a compact building footprint provides a practical setting for users needing enclosed workspace or storage.

Key Highlights

• 1,172‑square‑foot block‑frame building constructed in 1984
• Light Industrial (I1) zoning
• Three drive‑in doors: two front doors measuring 8' and 10', plus one 9' side door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,375

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$367,500 $367.5K

Cap Rate 7%

$262,500 $262.5K

Cap Rate 9%

$204,167 $204.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,172 SF

Gross rent

$35.2K $30.00/SF

− Vacancy

−$6.9K −$5.88/SF

EGI

$28.3K $24.12/SF

− OpEx

−$9.9K −$8.44/SF

NOI

$18.4K $15.68/SF

Area

Ulster County, NY

Vacancy

19.60%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$367,500

Cap Rate 7%

$262,500

Cap Rate 9%

$204,167

Alternative Uses

Best Use

Flex RnD

$262.5K

$229.7K – $306.3K (±1% cap)

NOI $18,375 @ 7.0% cap · market cap 7.35%

Second Best

Warehouse

$135.4K

$118.5K – $157.9K (±1% cap)

NOI $9,476 @ 7.0% cap · market cap 3.79%

Theoretical Best

Multifamily LT 5

$10.96M

$9.59M – $12.79M (±1% cap)

NOI $767,219 @ 7.0% cap · market cap 307.01%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Auto Repair Shop Plumbing Service Auto Parts Store Storage Facility

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

3

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12443, NY

3,868

Population

1,772

Households

2.2

Avg Household Size

48

Median Age

48%

College-Educated

95%

High-School Grad

16.5 sq mi

ZIP Area

234

Density / Sq Mi

$97,981

Median Household Income

$61,351

Median Earnings

$1,183

Median Rent

$325,400

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?

Flex space - Block-frame construction, I1 zoning, and three drive-in doors accommodate workspace, storage, and vehicle storage needs.

Where is this flex space located?

The property is located at 37 Beesmer Road Hurley, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 1,172‑square‑foot block‑frame building constructed in 1984; Light Industrial (I1) zoning; Three drive‑in doors: two front doors measuring 8' and 10', plus one 9' side door