Add Listing
    For Sale
    • 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

    47 Wickham Ave, Unit 45 Middletown, NY 10940

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Desirable Middletown office building suitable for various professional uses.

    Lot size:
    0.39 Acres

    Property Features for 47 Wickham Ave

    General Information

    Standard status
    Active
    Lot size
    0.39 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    John N Biasi
    John N Biasi
    Source: Corcoran

    Listing Agency: HOWARD HANNA RAND REALTY Listing Agent: John N Biasi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    High-Profile Professional Office Building

    This high-profile professional office building is located in a desirable area of Middletown, offering high visibility at a multiple street intersection. The well-maintained building features a flexible floor plan, including an open, sun-filled reception area, a flexible open area, a large conference room, and three spacious private offices. It also includes a full bathroom, wide plank floors, a full basement for storage, and three attics. An oversized garage provides additional storage. The property includes parking and central air conditioning. Recently painted, the building is suitable for various professional uses, such as an attorney's office, accountant's office, medical office, or dentist office, or any professional business seeking exposure. The building is turnkey and ready for occupancy.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.4209333
    Latitude
    41.4496805

    Nearby Similar for Sale

    • New
      $3,000,000
      24,000 SF

      Iconic Brewery & Entertainment Venue

      Fully operational brewery, restaurant, and entertainment venue in Middletown, NY.
      22 Cottage St, Middletown, NY 10940
      View Details
    • $130,000
      7.10 Acres

      Established Dry Cleaning Business For Sale

      Turnkey dry cleaning business with equipment and inventory included.
      125 Dolson Ave, Middletown, NY 10940
      View Details
    • $3,500,000
      1.40 Acres

      Middletown Mixed-Use Warehouse Compound

      44000SF mixed-use warehouse on 1.4 acres with multiple entrances.
      14-20 Cottage St, Middletown, NY 10940
      View Details
    • $374,999
      2,340 SF

      Middletown Commercial Property on Route 211

      2,340 sq ft building on 1.3 acres with high visibility.
      850 Route 211 W, Middletown, NY 10940
      View Details
    • $880,000
      1.00 Acre

      Middletown Commercial Space For Sale

      High-visibility commercial space suitable for retail, medical, or financial use.
      357 E Main St, Middletown, NY 10940
      View Details
    • $1,100,000
      1.20 Acres

      Middletown Warehouse on 1.2 Acres

      Industrial warehouse with parking in Middletown, NY for sale.
      18 Stanton St, Middletown, NY 10940
      View Details
    • $2,000,000
      Pending

      Restaurant Location Near Highway I-84

      Restaurant location with highway visibility near hotels and medical center.
      23 Crystal Run Xing, Middletown, NY 10941
      View Details
    • $600,000
      Pending

      Middletown Mixed-Use Investment Opportunity

      Mixed-use property with retail, office space, and development potential.
      8 Franklin St, Middletown, NY 10940
      View Details
    • $625,000
      Pending

      Oversized Colonial Multi-Family Home

      Renovated Middletown multi-family home with modern amenities and ample space.
      128 W Main St, Middletown, NY 10940
      View Details
    • $410,000
      0.36 Acres

      Middletown Multifamily Income Opportunity

      Legal two-family home, perfect for owner-occupant or investment.
      41 Monhagen Ave, Middletown, NY 10940
      View Details
    • $125,000
      2,478 SF

      Turnkey Restaurant Business For Sale

      Established, fully-equipped restaurant with high visibility and ample parking.
      540 Bloomingburg Rd, Middletown, NY 10940
      View Details
    • New
      $1,590,000
      5,600 SF

      Historic Restored Multi-Family Investment Property

      Fully renovated 4-unit property with 5 rentable garages in Scotchtown, NY.
      375 Blumel Rd, Middletown, NY 10941
      View Details

    FAQs

    What type of property is this?
    Office building - Desirable Middletown office building suitable for various professional uses.
    Where is this office building located?
    The property is located at 47 Wickham Ave, Unit 45 Middletown, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Highly desirable professional office building in a prime Middletown location with high visibility; - Flexible floor plan with open reception area, large conference room, and 3 spacious private offices; - Turnkey condition, recently painted, and ready for immediate occupancy
    (845) 928-9691
    Request Owner's contact information
    47 Wickham Ave, Unit 45 Middletown, NY 10940
    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.
    47 Wickham Ave, Unit 45
    Middletown, NY 10940
    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
    47 Wickham Ave, Unit 45 Middletown, NY 10940
    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

    We can help!
    Listing Contact
    John N Biasi
    John N Biasi
    (845) 928-9691 (914) 447-3308 (845) 562-0050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!