Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    88 N Plank Rd Newburgh, NY 12550

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease.

    Type:Retail
    Added:
    Feb 22, 2022
    Days on Market:
    1517
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 88 N Plank Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 88 N Plank Rd Contact us

    We can help!

    Listing Contact
    Jeffrey Nable

    Listing agent Jeffrey Nable License #749846

    Listing office Ripco Real Estate Connecticut

    Listing date Feb 22, 2022

    Source Crexi

    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 Ripco Real Estate Connecticut

    Overview

    Retail Space For Lease

    This property is available for lease as retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Garden Restaurant Domino's Pizza Take-out & Catering Ocean State Job ... Discount Store V N Nails ... Nail Salon Subway Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.032628
    Latitude
    41.5276314

    Nearby Similar for Lease

    • Contact for pricing

      Newburgh Commercial Space For Lease

      Turnkey commercial space in Newburgh's thriving historic district.
      41 Liberty Street, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Office Space For Lease

      Second-floor office suite in prime Newburgh location available for lease.
      231 S Plank Rd, #4,5,6, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Executive Offices For Rent

      Executive offices for rent with utilities included and flexible terms.
      5020 Route 9W, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Office Space For Rent

      Class A office space available in Newburgh, NY.
      5020 US ROUTE 9W, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Remodeled Office/Retail Space Available

      Newly remodeled office/retail/artist space in Newburgh, NY for rent.
      119 Broadway, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Commercial Space on Broadway

      Large open space suitable for retail, office, or professional services.
      245 Broadway, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Restaurant/Retail Space in Newburgh

      Restaurant/retail property for lease or sale in Newburgh, NY.
      150 Route 17K, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Office Suite For Lease

      Five-room office suite in a well-established Newburgh business complex.
      337 Fullerton Ave, 2nd Floor, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Office with Dental Setup

      Office space with existing dental infrastructure for rent.
      468 Gidney Avenue, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Broadway Retail/Office Space Available

      Highly visible retail, office, or professional space for rent.
      247 Broadway, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Newburgh Creative Work/Live Space

      Spacious 2400+ SF creative space with 11' ceilings.
      119 Broadway, Newburgh, NY 12550
      View Details
    • Contact for pricing

      Industrial Loft Creative Space

      Inspiring 1,000 sqft loft, ideal for creative professionals.
      240 Broadway, Newburgh, NY 12550
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease.
    Where is this retail space located?
    The property is located at 88 N Plank Rd Newburgh, NY.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeffrey Nable
    Real Estate License ID: 749846
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!