Flex Industrial
For Sale
$2,200,000
87 Taft Avenue, Newburgh, NY 12550
Commercial Sale, Newburgh, NY
Property Size10,000 SF
Lot Size6.10 Acres
Price / SF$220
Days on Market38
Property Features for 87 Taft Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
30
Parking features
Parking Lot, Oversize
Security features
Security System
Appliances
Refrigerator, Gas Water Heater
Lot features
Level
Elementary school district
Newburgh
Middle school district
Newburgh
High school district
Newburgh
Directions
Route 32 to Gardnertown Road, Left on Taft Ave- See building on your right hand side
Standard status
Active
APN
334600.075.000-0001-024.120/0000
Lot size
6.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
33000
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Flooring type
Combination, Concrete, Tile
Building materials
Stucco
Listing Agency:
John J Lease REALTORS Inc
(845) 565-2800
Listed By:
Kathryn M DeCrosta · License #40DE0938117
(845) 590-1474
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 19 at 10:06PM
MLS# 1023837
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex industrial property includes a 10,000-square-foot building divided between 5,000 square feet of warehouse area and 5,000 square feet of office space. The warehouse includes four loading docks with 14-foot overhead doors, a full sprinkler system, and new 480-volt, three-phase electrical service. Office improvements include a reception area, glass-enclosed conference room, private offices, workstations, kitchen, and multiple restrooms.
The building sits on 6.10 acres near Interstate 84 and the New York State Thruway, with access suited to regional transportation throughout the Hudson Valley and Northeast corridor. The site provides parking for more than 30 cars, space for tractor-trailers, commercial trucks, and equipment, plus public water service and room for additional development. Constructed in 1978, the property also includes central air, forced-air natural gas heating, concrete and tile flooring, and a combination stucco exterior.
The building sits on 6.10 acres near Interstate 84 and the New York State Thruway, with access suited to regional transportation throughout the Hudson Valley and Northeast corridor. The site provides parking for more than 30 cars, space for tractor-trailers, commercial trucks, and equipment, plus public water service and room for additional development. Constructed in 1978, the property also includes central air, forced-air natural gas heating, concrete and tile flooring, and a combination stucco exterior.
Key Highlights
- 6.10‑acre site with room for additional development
- 10,000‑square‑foot building split between 5,000 square feet of warehouse and 5,000 square feet of office space
- Four loading docks with 14‑foot overhead doors
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
$167,328
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
7.61%
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%
$3,346,560
$3.3M
Cap Rate 7%
$2,390,400
$2.4M
Cap Rate 9%
$1,859,200
$1.9M
Market Conditions
NOI Build-Up for 10,000 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
$268.8K $26.88/SF
− Vacancy
−$45.7K −$4.57/SF
EGI
$223.1K $22.31/SF
− OpEx
−$55.8K −$5.58/SF
NOI
$167.3K $16.73/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$26.88 /SF/Yr
Expense Ratio
25.00%
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%
$3,346,560
Cap Rate 7%
$2,390,400
Cap Rate 9%
$1,859,200
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,328 @ 7.0% cap · market cap 7.61%
Second Best
Flex RnD
$1.67M
$1.46M – $1.94M
NOI $116,582 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,082 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
4
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Balanced warehouse and office areas support industrial operations, distribution, and administrative functions.
Where is this flex space located?
The property is located at 87 Taft Avenue Newburgh, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6.10‑acre site with room for additional development; 10,000‑square‑foot building split between 5,000 square feet of warehouse and 5,000 square feet of office space; Four loading docks with 14‑foot overhead doors
