Flex Space with
For Sale
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8559 Route 209, Wawarsing, NY 12428
Remodeled office and warehouse areas combine client-facing finishes with functional workspace along Route 209.
Property Size3,540 SF
Price / SF$0.79
Days on Market18
Property Features for 8559 Route 209
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Mixed Use
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 30 at 1:46AM
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 Neil Charles Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property pairs 1,407 square feet of warehouse space with 267 square feet of remodeled office space, totaling 1,674 square feet. The office includes a kitchenette and private restroom, while the warehouse has two 10-by-10-foot overhead doors, 14-foot ceilings, LED lighting, and an LP gas connection. Heating and air conditioning are provided by a heat pump, and high-speed internet access is available. The property was remodeled in 2026.
Positioned on Route 209 in Wawarsing, the site has mountain views and visibility along the route. The provided NYSDOT traffic-count figure is approximately 14,900 vehicles daily.
Positioned on Route 209 in Wawarsing, the site has mountain views and visibility along the route. The provided NYSDOT traffic-count figure is approximately 14,900 vehicles daily.
Key Highlights
- 1,674 square feet total, including 1,407 square feet of warehouse and 267 square feet of office
- 2026 remodel
- Two 10' × 10' overhead doors and 14' warehouse ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,785
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,700
$415.7K
Cap Rate 7%
$296,929
$296.9K
Cap Rate 9%
$230,944
$230.9K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$31.9K $9.00/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$29.7K $8.39/SF
− OpEx
−$8.9K −$2.52/SF
NOI
$20.8K $5.87/SF
Area
Ulster County, NY
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,700
Cap Rate 7%
$296,929
Cap Rate 9%
$230,944
Alternative Uses
Best Use
Flex RnD
$792.9K
$693.8K – $925.0K
NOI $55,500 @ 7.0% cap · market cap 1,982.14%
Second Best
Warehouse
$408.9K
$357.8K – $477.0K
NOI $28,621 @ 7.0% cap · market cap 1,022.18%
Theoretical Best
Multifamily LT 5
$33.11M
$28.97M – $38.62M
NOI $2,317,367 @ 7.0% cap · market cap 82,763.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12428, NY
6,969
Population
3,762
Households
1.9
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
55.1 sq mi
ZIP Area
126
Density / Sq Mi
$78,802
Median Household Income
$45,868
Median Earnings
$1,073
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled office and warehouse areas combine client-facing finishes with functional workspace along Route 209.
Where is this flex space located?
The property is located at 8559 Route 209 Wawarsing, NY.
What are key features of this property?
This property features: 1,674 square feet total, including 1,407 square feet of warehouse and 267 square feet of office; 2026 remodel; Two 10' × 10' overhead doors and 14' warehouse ceiling
