Industrial-Office Building with 20-Foot
For Sale
$3,950,000
526 Richmond Terrace, Staten Island, NY 10301
Zoned for contractors and manufacturing with warehouse, retail, offices, and a 14-foot roll-up door plus enclosed yard.
Property Size11,250 SF
Price / SF$351.11
Days on Market344
Property Features for 526 Richmond Terrace
General Information
Standard status
Active
Size
11,250 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
M3-1
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$28,572
Building Details
Building Size
11,250 SF
Year Built
2001
Stories
2
Listing Agency:
DiTommaso Real Estate
Listed By:
Valerie F. Bartolone
(718) 667-8000
Source:
Penrealty
Added: Sep 5, 2025
Changed: Aug 8
Last Checked: Aug 14 at 12:32PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This commercial building combines warehouse, retail, and office space designed for contractor, fabricator, or manufacturing users seeking a professional headquarters. The first floor includes 5,000 sq ft total, with a 3,600 sq ft warehouse portion and a 1,400 sq ft retail portion, plus one bathroom and kitchenette. A 14-foot high roll-up garage door supports loading, and there is parking for 8 cars. The enclosed back yard and high 20-foot ceilings add operational flexibility, along with large windows offering views of the harbor.
The property includes a private marble lobby with elevator access. The second floor offers an additional 5,000 sq ft that is sub-dividable, with a 20-foot high ceiling and four handicap bathrooms. Electrical service totals 1,000 amps, and the building is listed as M3-1 zoned for eligible industrial-oriented uses.
For buyers and operators, the configuration supports a “work and present” setup, pairing a warehouse and loading door with retail and professional office space on-site. With on-building parking for 8 cars, multiple restroom facilities, and sub-dividable second-floor space, the layout can accommodate day-to-day operations while maintaining separate areas for client-facing or administrative needs. The site is described as being near transportation and on a high-traffic main road.
The property includes a private marble lobby with elevator access. The second floor offers an additional 5,000 sq ft that is sub-dividable, with a 20-foot high ceiling and four handicap bathrooms. Electrical service totals 1,000 amps, and the building is listed as M3-1 zoned for eligible industrial-oriented uses.
For buyers and operators, the configuration supports a “work and present” setup, pairing a warehouse and loading door with retail and professional office space on-site. With on-building parking for 8 cars, multiple restroom facilities, and sub-dividable second-floor space, the layout can accommodate day-to-day operations while maintaining separate areas for client-facing or administrative needs. The site is described as being near transportation and on a high-traffic main road.
Key Highlights
- 2001‑built commercial building on a high‑traffic main road near downtown St. George
- Zoned M3‑1 for contractors, fabricators, or manufacturing users; suited for a professional headquarters
- 5,000 SF first floor with 3,600 SF warehouse and 1,400 SF retail, plus bathroom and kitchenette
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
$242,109
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%
$4,842,180
$4.8M
Cap Rate 7%
$3,458,700
$3.5M
Cap Rate 9%
$2,690,100
$2.7M
Market Conditions
NOI Build-Up for 11,250 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
$378.0K $33.60/SF
− Vacancy
−$32.1K −$2.86/SF
EGI
$345.9K $30.74/SF
− OpEx
−$103.8K −$9.22/SF
NOI
$242.1K $21.52/SF
Area
Staten Island, NY
Vacancy
8.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,842,180
Cap Rate 7%
$3,458,700
Cap Rate 9%
$2,690,100
Alternative Uses
Best Use
Retail
$3.46M
$3.03M – $4.04M
NOI $242,109 @ 7.0% cap · market cap 6.13%
Second Best
Warehouse
$3.41M
$2.98M – $3.98M
NOI $238,565 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$5.37M
$4.70M – $6.26M
NOI $375,753 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Catered Word — 62 Van Duzer St, Staten Island, NY 10301
- Nonie's Handmade Pastries — 92 St Pauls Ave, Staten Island, NY 10301
Frequently Asked Questions
What type of property is this?
Flex space - Zoned for contractors and manufacturing with warehouse, retail, offices, and a 14-foot roll-up door plus enclosed yard.
Where is this flex space located?
The property is located at 526 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 2001‑built commercial building on a high‑traffic main road near downtown St. George; Zoned M3‑1 for contractors, fabricators, or manufacturing users; suited for a professional headquarters; 5,000 SF first floor with 3,600 SF warehouse and 1,400 SF retail, plus bathroom and kitchenette
