27,000+ SF Warehouse on 8
For Sale
Contact for pricing
381 Vineyard Ave, Highland, NY 12528
27,000+ SF warehouse on 8 acres with loading docks.
Property Size27,000 SF
Lot Size8.00 Acres
Price / SF$144.44
Days on Market154
Property Features for 381 Vineyard Ave
General Information
Standard status
Active
Size
27,000 SF
Lot size
8.00 Acres
Property subtype
Industrial
Listing Agency:
Stevens Realty Group
(845) 204-4447
Listed By:
Lindsay Stevens · License #10301211263
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 11 at 6:43AM
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 Stevens Realty Group
Investment Insights
Based on property information with market context.
This property features a building with over 27,000 square feet of space, situated on 8.0 acres of land. It includes 13 loading docks, with three of these being drive-in loading docks. The main building is equipped with loading docks, three cold storage units that offer 16' high ceilings, a packing/prep room, restrooms, and an 800 Amp service. A large office area is also present. The metal warehouse on the property has 20' high ceilings and 14' overhead doors. Currently utilized as an apple distribution and packing facility, the property is zoned residential with a variance. It also features a drilled well, septic tanks, and three 2,500-gallon holding tanks. Parking is available for more than four cars, along with an attached garage.
Key Highlights
- 27,000+ sq ft building on 8 acres, suitable for various operations
- Benefit from 13 Loading docks (including 3 drive‑in) for efficient logistics
- Three spacious cold storage units with 16' high ceilings**
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
$218,296
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
5.60%
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%
$4,365,920
$4.4M
Cap Rate 7%
$3,118,514
$3.1M
Cap Rate 9%
$2,425,511
$2.4M
Market Conditions
NOI Build-Up for 27,000 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
$268.9K $9.96/SF
− Vacancy
−$12.1K −$0.45/SF
EGI
$256.8K $9.51/SF
− OpEx
−$38.5K −$1.43/SF
NOI
$218.3K $8.09/SF
Area
Ulster County, NY
Vacancy
4.50%
Lease Rate
$9.96 /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%
$4,365,920
Cap Rate 7%
$3,118,514
Cap Rate 9%
$2,425,511
Alternative Uses
Best Use
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,296 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,533 @ 7.0% cap · market cap 4.06%
Theoretical Best
Multifamily LT 5
$252.50M
$220.94M – $294.58M
NOI $17,674,832 @ 7.0% cap · market cap 453.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12528, NY
14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 27,000+ SF warehouse on 8 acres with loading docks.
Where is this warehouse located?
The property is located at 381 Vineyard Ave Highland, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 27,000+ sq ft building on 8 acres, suitable for various operations; Benefit from **13 Loading docks (including 3 drive‑in)** for efficient logistics; Three spacious cold storage units with 16' high ceilings**
