Retail Building with Drive-Up
For Sale
Contact for pricing
393 Windsor Hwy, New Windsor, NY 12553
Retail building on nearly two acres with two drive-up windows, loading area, offices, bathrooms, and 65 paved parking spaces.
Property Size11,180 SF
Lot Size1.90 Acres
Price / SF$178.44
Days on Market589
Property Features for 393 Windsor Hwy
General Information
Standard status
Active
Size
11,180 SF
Total Parking Spaces
65
Lot size
1.90 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Rand Commercial - Orange County
(845) 926-6161
Listed By:
Robert Vitanza
(845) 926-6161
Source:
Moodyscre
Added: Dec 30, 2024
Changed: Aug 8
Last Checked: Aug 11 at 7:59AM
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 - Orange County
Investment Insights
Based on property information with market context.
This retail building offers a large open sales area with a rear storage area, utility room, and loading area. The property includes a managers office and two private bathrooms. Interior improvements include three-phase electric, sprinklered coverage, and 12-foot dropped ceilings. The facility also features two drive-up windows for customer service convenience.
The site totals 1.9 acres with 240 feet of frontage along Windsor Highway and 65 paved parking spaces. Shelving and 50 feet of reach-in/walk-in cooler space are included, or can be removed, depending on the next tenant’s needs.
Adjacent retailers include Shoprite, Mavis Tire, Bank of America, Key Bank, Citizens Bank, Price Chopper, Tractor Supply, Dunkin Donuts, Starbucks, and Wendy’s, supporting a consistently retail-oriented environment.
The site totals 1.9 acres with 240 feet of frontage along Windsor Highway and 65 paved parking spaces. Shelving and 50 feet of reach-in/walk-in cooler space are included, or can be removed, depending on the next tenant’s needs.
Adjacent retailers include Shoprite, Mavis Tire, Bank of America, Key Bank, Citizens Bank, Price Chopper, Tractor Supply, Dunkin Donuts, Starbucks, and Wendy’s, supporting a consistently retail-oriented environment.
Key Highlights
- 11,180 SF retail building on 1.9 acres with 240 ft of frontage along Windsor Highway
- Two drive‑up windows plus a loading area for efficient customer access and deliveries
- Large open retail area with rear storage, utility room, managers office, and two private bathrooms
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
$136,078
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
6.82%
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%
$2,721,560
$2.7M
Cap Rate 7%
$1,943,971
$1.9M
Cap Rate 9%
$1,511,978
$1.5M
Market Conditions
NOI Build-Up for 11,180 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
$201.2K $18.00/SF
− Vacancy
−$6.8K −$0.61/SF
EGI
$194.4K $17.39/SF
− OpEx
−$58.3K −$5.22/SF
NOI
$136.1K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,721,560
Cap Rate 7%
$1,943,971
Cap Rate 9%
$1,511,978
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $136,078 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,057 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 26%
Groceries 18%
Electronics 5%
McDonald's
Dining
31,052 visits/mo
0.3 miles
Hannaford
Groceries
22,932 visits/mo
0.3 miles
Citgo
Shops & Services
15,726 visits/mo
0.2 miles
Mobil
Shops & Services
14,295 visits/mo
0.3 miles
Bank of America
Shops & Services
8,323 visits/mo
0.1 miles
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building on nearly two acres with two drive-up windows, loading area, offices, bathrooms, and 65 paved parking spaces.
Where is this retail space located?
The property is located at 393 Windsor Hwy New Windsor, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 11,180 SF retail building on 1.9 acres with 240 ft of frontage along Windsor Highway; Two drive‑up windows plus a loading area for efficient customer access and deliveries; Large open retail area with rear storage, utility room, managers office, and two private bathrooms
