Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    45 Ronald Reagan Boulevard Warwick, NY 10990

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,250 /Mo

    Move-in ready office space with utilities included in rent.

    Type:Commercial
    Added:
    Apr 21, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 21 at 8:57 pm

    Property Features for 45 Ronald Reagan Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    CHARLES BENJAMIN EMANUEL

    Listing agent CHARLES BENJAMIN EMANUEL

    Listing office RAND COMMERCIAL

    Listing date Apr 21, 2026

    Source Corcoran

    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

    Overview

    Updated Office Space For Rent

    This move-in ready, updated professional office space is located in a well-maintained building. The rental rate includes utilities. The space is suitable for a single practitioner or a small group, offering both privacy and accessibility. Potential uses include accounting, legal services, professional offices, service-oriented businesses, medical practices, or therapy. The layout features a large, open office area, a small private office, a restroom equipped with a shower, and a full kitchen. Ample parking is available. The property is conveniently located 1.8 miles from the Village and across from the Merchant Square retail strip, right off Kings Highway, which sees an average of 7,951 cars passing per day. The building is well-maintained and offers easy lease terms.
    Location Intelligence

    Current Use by Public Records

    Warwick Physical Therapy Physician Anthony Paterno Physician New Jersey Advanced ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Dental Office Big Box & Wholesale Store Nail Salon Pharmacy Gym & Fitness Center Food Market Storage Facility Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Orange
    State
    New York
    Longitude
    -74.3307133
    Latitude
    41.2723622

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Warwick Office Space Available

      Prime Main Street office space in the heart of Warwick.
      21 Oakland Avenue #1B, Warwick, NY 10990
      View Details
    • $12/mo

      Downtown Warwick Office Space Available

      Prime Main Street office space in the heart of downtown Warwick.
      21 Oakland Ave 1B, Warwick, NY 10990
      View Details
    • Contact for pricing

      Commercial Space in Warwick Village

      Commercial space in Warwick, open layout, ideal for office.
      9 Smith Street, Warwick, NY 10990
      View Details
    • Contact for pricing

      Warwick Commercial Space For Rent

      Commercial space available for rent, tenant pays all utilities.
      25 Elm Street 6, Warwick, NY 10990
      View Details
    • Contact for pricing

      Luxury Apartments and Townhomes Rental

      Exquisite apartments and townhome-style rentals in the Village of Warwick.
      75 Forester Avenue #TH1, Warwick, NY 10990
      View Details
    • $26/mo

      Historic Restaurant Opportunity in Warwick

      Iconic restaurant property available for lease in Hudson Valley.
      38 Bellvale Lakes Road, Warwick, NY 10990
      View Details
    • Contact for pricing

      Retail/Office Space in Warwick

      1,725 sq ft retail/office space in excellent location.
      23 West Street, Warwick, NY 10990
      View Details
    • Contact for pricing

      Cozy Apartment in Warwick Village

      Two-bedroom apartment within walking distance of village amenities.
      48 Main Street, Unit 3, Warwick, NY 10990
      View Details
    • Contact for pricing

      Convenient Office Space for Rent

      Highly visible office space with utilities included near Warwick.
      214 West Street #11, Warwick, NY 10990
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office space with utilities included in rent.
    Where is this office units located?
    The property is located at 45 Ronald Reagan Boulevard Warwick, NY.
    What is the lease rate?
    The lease rate is $1,250 /Mo.
    What are key features of this property?
    This property features: All utilities included in the rent.; **Move‑in ready, updated office space.**; Convenient location: 1.8 miles to the Village and across from Merchant Square.
    (845) 294-3100
    We can help!
    Listing Contact
    CHARLES BENJAMIN EMANUEL
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!