Two-Story Medical Office
For Sale
$649,000
7-9 Cummings Lane, Highland, NY 12528
Separate entrances support division into multiple suites, with attached retail space that can join the main building.
Property Size4,700 SF
Price / SF$138.09
Days on Market37
Property Features for 7-9 Cummings Lane
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Commercial
Zoning
LI
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,893
Building Details
Building Size
4,700 SF
Year Built
1991
Stories
2
Listing Agency:
Century 21 Alliance-NP
(845) 255-6163
Listed By:
Dominick Martorana
(914) 474-7028
Source:
Harringproperties
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 26 at 4:06AM
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 Century 21 Alliance-NP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1991 two-story medical office property has a lobby, kitchen area, five restrooms, multiple office suites and individual offices. Two separate entrances allow the main building to be divided into multiple suites, and attached retail space can be incorporated into it. The layout was previously configured for medical office use. Zoning is LI.
The property is directly off Route 9W, with access to New Paltz, Poughkeepsie, Kingston and MetroNorth. An adjacent building is currently unused and may provide additional space for mixed-use, storage or redevelopment, as described in the property information.
The property is directly off Route 9W, with access to New Paltz, Poughkeepsie, Kingston and MetroNorth. An adjacent building is currently unused and may provide additional space for mixed-use, storage or redevelopment, as described in the property information.
Key Highlights
- Two‑story building constructed in 1991
- Five restrooms, lobby and kitchen area
- Multiple office suites and individual offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,703
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,060
$994.1K
Cap Rate 7%
$710,043
$710.0K
Cap Rate 9%
$552,256
$552.3K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$84.6K $18.00/SF
− Vacancy
−$5.1K −$1.08/SF
EGI
$79.5K $16.92/SF
− OpEx
−$29.8K −$6.34/SF
NOI
$49.7K $10.58/SF
Area
Ulster County, NY
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,060
Cap Rate 7%
$710,043
Cap Rate 9%
$552,256
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,320 @ 7.0% cap · market cap 14.22%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,718 @ 7.0% cap · market cap 12.75%
Theoretical Best
Multifamily LT 5
$43.95M
$38.46M – $51.28M
NOI $3,076,730 @ 7.0% cap · market cap 474.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12528, NY
14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate entrances support division into multiple suites, with attached retail space that can join the main building.
Where is this medical office space located?
The property is located at 7-9 Cummings Lane Highland, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑story building constructed in 1991; Five restrooms, lobby and kitchen area; Multiple office suites and individual offices
