Medical Office with Exam
For Sale
$499,900
45 Quassaick Avenue, New Windsor, NY 12553
Professional facility with ancillary offices, lower-level workspace, and off-street parking.
Property Size2,592 SF
Days on Market45
Property Features for 45 Quassaick Avenue
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Commercial
Zoning
NC
Taxes and HOA fees
Annual Taxes
$13,501
Building Details
Building Size
2,592 SF
Listing Agency:
Keller Williams Realty
(845) 527-5572
Listed By:
Craig Pelsue
(845) 527-5572
Source:
Mydreamhomerealty
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This medical office property at 45 Quassaick Avenue includes 5 exam rooms along with additional office areas that may support a separate office arrangement. The lower level provides further workspace for professional use.
The property is zoned NC and includes off-street parking. A live/work configuration may be possible with town approvals, offering flexibility for an approved combination of professional and residential occupancy.
The property is zoned NC and includes off-street parking. A live/work configuration may be possible with town approvals, offering flexibility for an approved combination of professional and residential occupancy.
Key Highlights
- 5 exam rooms support an established medical‑office layout
- Additional offices may function as a separate office area
- Lower level offers additional workspace
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
$43,371
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
8.68%
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%
$867,420
$867.4K
Cap Rate 7%
$619,586
$619.6K
Cap Rate 9%
$481,900
$481.9K
Market Conditions
NOI Build-Up for 2,592 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
$69.7K $26.88/SF
− Vacancy
−$11.8K −$4.57/SF
EGI
$57.8K $22.31/SF
− OpEx
−$14.5K −$5.58/SF
NOI
$43.4K $16.73/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$26.88 /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%
$867,420
Cap Rate 7%
$619,586
Cap Rate 9%
$481,900
Alternative Uses
Best Use
Healthcare Medical
$658.4K
$576.1K – $768.2K
NOI $46,089 @ 7.0% cap · market cap 9.22%
Second Best
Office B
$619.6K
$542.1K – $722.9K
NOI $43,371 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$877.9K
$768.2K – $1.02M
NOI $61,452 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional facility with ancillary offices, lower-level workspace, and off-street parking.
Where is this medical office space located?
The property is located at 45 Quassaick Avenue New Windsor, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 5 exam rooms support an established medical‑office layout; Additional offices may function as a separate office area; Lower level offers additional workspace
