End-Unit Fitness
For Sale
Contact for pricing
48 Ronald Reagan Boulevard, Warwick, NY 10990
The suite is currently operating as a kickboxing studio within a multi-tenant retail center.
Property Size1,500 SF
Price / SF$1.47
Days on Market20
Property Features for 48 Ronald Reagan Boulevard
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail
Additional Details
End Cap
Yes
Currently Operating
Yes
Amenities
spacious parking lot
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Tracey Battle · License #10301222945
(201) 336-2475
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Nov 1
Last Checked: Nov 1 at 3:30PM
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
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Investment Insights
Based on property information with market context.
An end-position commercial suite of approximately 1,500 square feet is currently configured for kickboxing fitness use. It sits within Merchant Square, a strip retail center with multiple stores.
The property is off Kings Highway and a short distance from the village. A shared parking area serves the center.
The property is off Kings Highway and a short distance from the village. A shared parking area serves the center.
Key Highlights
- Approximately 1,500 square feet
- End unit in Merchant Square
- Currently used as a kickboxing fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,140
$365.1K
Cap Rate 7%
$260,814
$260.8K
Cap Rate 9%
$202,856
$202.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$918 −$0.61/SF
EGI
$26.1K $17.39/SF
− OpEx
−$7.8K −$5.22/SF
NOI
$18.3K $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 Rate 5%
$365,140
Cap Rate 7%
$260,814
Cap Rate 9%
$202,856
Alternative Uses
Best Use
Retail
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 829.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 1,616.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10990, NY
19,877
Population
8,394
Households
2.4
Avg Household Size
46
Median Age
50%
College-Educated
95%
High-School Grad
61.4 sq mi
ZIP Area
324
Density / Sq Mi
$123,199
Median Household Income
$64,723
Median Earnings
$1,387
Median Rent
$462,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- CKO Kickboxing Warwick — 48 Ronald Reagan Blvd, Warwick, NY 10990
- Vastu — 38 Ronald Reagan Blvd, Warwick, NY 10990
- Pheo W. Powers LMT, CHC — 38 Ronald Reagan Blvd, Warwick, NY 10990
Frequently Asked Questions
What type of property is this?
Fitness center & gym - The suite is currently operating as a kickboxing studio within a multi-tenant retail center.
Where is this fitness center & gym located?
The property is located at 48 Ronald Reagan Boulevard Warwick, NY.
What are key features of this property?
This property features: Approximately 1,500 square feet; End unit in Merchant Square; Currently used as a kickboxing fitness center
