Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Building with Drive-Thru Title is generated by Realmo AI

    374 Windsor Highway PAD, New Windsor, NY 12553

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr $5,000/Mo (calc)

    Freestanding retail building with drive-thru in busy commercial corridor.

    Type:Rental
    Property size:
    2,400 SF
    Lot size:
    29.50 Acres
    Added:
    Nov 23, 2023
    Days on Market:
    911
    Last Refresh:
    May 19 at 8:41 pm

    Property Features for 374 Windsor Highway PAD

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    29.50 Acres
    Property subtype
    Rental

    We can help!

    Listing Contact
    Hilary R. Goldman
    Hilary R. Goldman

    Listing agent Hilary R. Goldman License #10401341414

    Listing office Rand Commercial

    Listing date Nov 23, 2023

    Source Exitrealty

    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

    HighLights

    • Freestanding building with drive‑thru.
    • Located in Vails Gate's busiest commercial corridor.
    • Join national and local tenants such as ShopRite, Planet Fitness, Burger King and Taco Bell.
    • Over 1000 parking spaces available.
    • Multiple opportunities for store signage along Route 32.
    • Proximity to Stewart International Airport, Amazon distribution center, I‑84, and I‑87.

    Overview

    This freestanding building, featuring a drive-thru, is located within Vails Gait's busiest commercial corridor. The property is situated among a mix of national and local businesses, including ShopRite, Planet Fitness, ATT, Burger King, Taco Bell, and Mavis. The plaza provides both lot and structure parking, with over 1000 spaces available. The parking garage has been recently resurfaced and re-lined. The property is located within miles of Stewart International Airport, Amazon's distribution center, the City of Newburgh, scenic Cornwall, I-84, I-87, Resorts World Casino Newburgh, and other local attractions. The property offers multiple opportunities for store signage along Route 32. The property has a size of 2400 square feet.
    Location Intelligence

    Current Use by Public Records

    Victoria's Castle Daycare Daycare Center Goodwill NYNJ Store ... Charitable Organization Chinatown AA Restaurant Mama Theresa's Pizzeria ... Restaurant Hamaspik HomeCare Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    New Windsor
    County
    Orange
    State
    New York
    Longitude
    -74.0567893
    Latitude
    41.4593524

    Nearby Similar for Lease

    • $4,300/Mo
      2,450 SF

      Versatile Commercial Space Near Airport

      2,450 sq ft commercial property near Stewart Airport.
      75 Bill Larkin Drive, New Windsor, NY 12553
      View Details
    • $450/Mo
      8,000 SF

      New Windsor Commercial Building

      Free-standing building with showroom and shop space available for rent.
      42 Windsor Highway, New Windsor, NY 12553
      View Details
    • $2,500/Mo
      2,100 SF

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for rent.
      408 Blooming Grove Turnpike, New Windsor, NY 12553
      View Details
    • $2,000/Mo
      2,100 SF

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for lease.
      408 Blooming Grove Turnpike, New Windsor, NY 12553
      View Details
    • $570/Mo

      Renovated Office Unit For Lease

      Renovated office unit in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $2,500/Mo

      Freestanding Building on Windsor Highway

      Freestanding commercial building with hardwood floors and fireplace for rent.
      283 Windsor Highway, New Windsor, NY 12553
      View Details
    • $575/Mo

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $550/Mo

      Renovated Office Unit For Lease

      Renovated office unit in high-traffic commuter location with parking.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $995/Mo

      Renovated Office Unit For Lease

      Renovated office space in high-traffic commuter location with flexible terms.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $575/Mo

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $1,200/Mo

      Remodeled Office Space For Lease

      Remodeled office space on main road, includes several utilities.
      345 Windsor Highway, New Windsor, NY 12553
      View Details
    • $15 SF/Yr

      New Windsor Office Building For Lease

      Highly visible commercial space near Stewart Airport and major highways.
      563 Temple Hill Road, New Windsor, NY 12553
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding retail building with drive-thru in busy commercial corridor.
    Where is this retail space located?
    The property is located at 374 Windsor Highway PAD New Windsor, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Freestanding building with drive‑thru.; Located in Vails Gate's busiest commercial corridor.; Join national and local tenants such as ShopRite, Planet Fitness, Burger King and Taco Bell.
    (845) 294-3100
    We can help!
    Listing Contact
    Hilary R. Goldman
    Hilary R. Goldman
    Real Estate License ID: 10401341414
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    374 Windsor Highway PAD, New Windsor, NY 12553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!