Renovated Retail/Commercial Building on
For Sale
Contact for pricing
4 Bona Ventura Avenue, Wallkill, NY 12589
Newly renovated 6,000+ SF building on high-traffic corner.
Property Size6,154 SF
Lot Size1.00 Acre
Price / SF$211.08
Days on Market167
Property Features for 4 Bona Ventura Avenue
General Information
Standard status
Active
Size
6,154 SF
Class
B
Total Parking Spaces
14
Lot size
1.00 Acre
Property subtype
Business for Sale, Hospitality, Retail
Zoning
SB
Investment Type
Owner/User
Building Details
Year Built
1945
Year Renovated
2024
Stories
2
Units
1
Listing Agency:
Krumpfer Realty Group, LLC
(973) 293-0085
Listed By:
Joseph Krumpfer · License #10491208420
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 Krumpfer Realty Group, LLC
Investment Insights
Based on property information with market context.
This newly renovated retail/commercial building offers over 6,000 square feet of space on a 1.0-acre parcel. Situated on a high-traffic corner, the building features an open layout with high exposed wood beam ceilings and full roll-up glass bay doors that open directly to the patio, creating seamless indoor/outdoor flow. Renovations totaling $850,000 have been completed, including a new roof and siding, updated plumbing and electrical, new HVAC systems, new floors and walls, and renovated upstairs office space. The property offers on-site parking plus adjacent public parking. The building is suitable for cafes, breweries, pub-style restaurants, social clubs, and destination retail concepts. Its corner presence and traffic exposure make it a fit for operators seeking energy, atmosphere, and street appeal.
Key Highlights
- Prime high‑traffic corner location at Route 208 & Bona Ventura Avenue with exceptional visibility and accessibility.
- 6,000+ SF newly renovated building with $850,000 in renovations completed.**
- Ideal for cafes, breweries, restaurants, social clubs, and retail concepts.
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
$79,590
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
6.13%
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%
$1,591,800
$1.6M
Cap Rate 7%
$1,137,000
$1.1M
Cap Rate 9%
$884,333
$884.3K
Market Conditions
NOI Build-Up for 6,154 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
$110.8K $18.00/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$106.1K $17.24/SF
− OpEx
−$26.5K −$4.31/SF
NOI
$79.6K $12.93/SF
Area
Ulster County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,591,800
Cap Rate 7%
$1,137,000
Cap Rate 9%
$884,333
Alternative Uses
Best Use
Specialty Retail
$1.14M
$994.9K – $1.33M
NOI $79,590 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$1.05M
$916.0K – $1.22M
NOI $73,276 @ 7.0% cap · market cap 5.64%
Theoretical Best
Multifamily LT 5
$57.55M
$50.36M – $67.14M
NOI $4,028,553 @ 7.0% cap · market cap 310.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,547 visits/mo
0.2 miles
Demographics for 12589, NY
16,935
Population
5,871
Households
2.9
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
59.5 sq mi
ZIP Area
285
Density / Sq Mi
$118,214
Median Household Income
$55,021
Median Earnings
$1,149
Median Rent
$342,400
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 - Newly renovated 6,000+ SF building on high-traffic corner.
Where is this retail space located?
The property is located at 4 Bona Ventura Avenue Wallkill, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime high‑traffic corner location at Route 208 & Bona Ventura Avenue with exceptional visibility and accessibility.; 6,000+ SF newly renovated building with $850,000 in renovations completed.**; Ideal for cafes, breweries, restaurants, social clubs, and retail concepts.
