Flex Building with Loading
For Sale
$1,795,000
87 Taft Avenue, Newburgh, NY 12550
A mixed office and warehouse layout is supported by three-phase power, sprinkler protection, and truck-oriented site capacity.
Property Size10,025 SF
Lot Size6.10 Acres
Price / SF$179.05
Days on Market104
Property Features for 87 Taft Avenue
General Information
Standard status
Active
Size
10,025 SF
Class
A
Total Parking Spaces
30
Lot size
6.10 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
5,000 SF
Office Build-Out
5,000 SF
Dock-High Doors
4
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$33,000
Building Details
Building Size
10,025 SF
Year Built
1978
Buildings
1
Stories
1
Units
2
Listing Agency:
John J Lease REALTORS Inc
(845) 565-2800
Listed By:
Kathryn M DeCrosta · License #KEY37287
(845) 590-1474
Source:
Croninreale
Added: Jul 13
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 John J Lease REALTORS Inc
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Investment Insights
Based on property information with market context.
The 6.10-acre property includes a flex building with office and warehouse areas. Warehouse features include four loading docks with 14-foot overhead doors, a full sprinkler system, and newly installed 480-volt, three-phase electrical service. The office portion has a reception and waiting area, glass-enclosed conference room, private offices, cubicle workstations, a kitchen, and multiple restrooms. The building was constructed in 1978.
At 87 Taft Avenue in Newburgh, the site is a short drive from Interstate 84 and the New York State Thruway. On-site parking accommodates more than 30 cars, with additional space for tractor-trailers, commercial trucks, and equipment. Municipal water is available, and municipal sewer is located at the site corner.
At 87 Taft Avenue in Newburgh, the site is a short drive from Interstate 84 and the New York State Thruway. On-site parking accommodates more than 30 cars, with additional space for tractor-trailers, commercial trucks, and equipment. Municipal water is available, and municipal sewer is located at the site corner.
Key Highlights
- 6.10‑acre site at 87 Taft Avenue, Newburgh, NY 12550
- Four loading docks with 14‑foot overhead doors
- New 480‑volt, three‑phase electrical service and a full sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,873
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,460
$2.3M
Cap Rate 7%
$1,669,614
$1.7M
Cap Rate 9%
$1,298,589
$1.3M
Market Conditions
NOI Build-Up for 10,025 SF
Gross rent
$188.9K $18.84/SF
− Vacancy
−$9.1K −$0.90/SF
EGI
$179.8K $17.94/SF
− OpEx
−$62.9K −$6.28/SF
NOI
$116.9K $11.66/SF
Area
Orange County, NY
Vacancy
4.80%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,460
Cap Rate 7%
$1,669,614
Cap Rate 9%
$1,298,589
Alternative Uses
Best Use
Flex RnD
$1.67M
$1.46M – $1.95M
NOI $116,873 @ 7.0% cap · market cap 6.51%
Second Best
Warehouse
$1.42M
$1.24M – $1.66M
NOI $99,300 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,674 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A mixed office and warehouse layout is supported by three-phase power, sprinkler protection, and truck-oriented site capacity.
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 $1,795,000.
What are key features of this property?
This property features: 6.10‑acre site at 87 Taft Avenue, Newburgh, NY 12550; Four loading docks with 14‑foot overhead doors; New 480‑volt, three‑phase electrical service and a full sprinkler system
