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    Property profile & analytics

    20 Industrial Dr Middletown, NY 10941-1614

    • Automotive properties
    • 7,254 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2023
    $1,384,500
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2036264
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • NYSS Home Theater / Home Theater Store
    • New York Security Systems Inc / Security System Supplier
    • Pitingaro & Doetsch Consulting Engineers, P.C. / Engineer

    Property Details for 20 Industrial Dr

    Year built
    1981
    Lot size
    1.50 lot acres
    Property size
    7,254 SF
    Zone code
    ENT-L
    Property type
    Automotive properties
    APN
    335200 41-1-86.2
    APU
    335200411862

    Description

    This 5,200-square-foot warehouse space is part of a larger 12,750-square-foot industrial building located at 20 Industrial Drive in Middletown, New York (zip code 10941). The property sits on a 1.5-acre lot and offers convenient access to Route 17 (less than one mile away). Built in 1981 and renovated in 1990, this Class B building features 13-foot ceilings and is zoned ENT-L, allowing for a variety of uses including light manufacturing, production, research, service and repair, warehousing, self-storage, and wholesale. The available space is located on the lower level and offers rear access. Features include three drive-in doors (two at 11 feet and one at 13 feet), one loading dock, and ample parking for trucks and trailers. The space itself comprises open areas, three offices, garage space, and a bulk storage area. Utilities include natural gas, municipal water, and sewer. The building has a total of 25 parking spaces. Property taxes are $1.25 per square foot. The building has two suites in total.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,265,000
      ML approach
      $1,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,671,000
      Market price range: $645k - $1.87M
      AI Estimate
      $999,000
      Market price range: $266k - $1.18M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3738
    Latitude
    41.4698
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $22,500
    $174,800
    $197,300
    -
    $155,174
    $1,205,526
    $1,360,700

    Comparable in this City

    • Value Estimation
      $495,000
      33,380 SF

      520 Rte 211th E

      VEHICLE SALES, RENTALS • 33,380 SF
      520 Rte 211th E, Middletown, NY 10941-1716
      View Details
    • Value Estimation
      $315,000
      2,400 SF

      333 Tower Dr

      SERVICE STATION WITH FOOD MART • 2,400 SF
      333 Tower Dr, Middletown, NY 10941-2049
      View Details
    • Value Estimation
      $630,000
      1,460 SF

      2543 Rte 302

      GAS STATION • 1,460 SF
      2543 Rte 302, Middletown, NY 10941-3226
      View Details
    • Value Estimation
      $315,000
      4,363 SF

      2 Ben Gilman Way

      SERVICE STATION WITH FOOD MART • 4,363 SF
      2 Ben Gilman Way, Middletown, NY 10941-4075
      View Details
    • Value Estimation
      $305,000
      3,880 SF

      3941 Ballard Rd

      AUTO REPAIR, GARAGE • 3,880 SF
      3941 Ballard Rd, Middletown, NY 10941
      View Details
    • Value Estimation
      $320,000
      2,555 SF

      530 Rte 211th E

      GAS STATION • 2,555 SF
      530 Rte 211th E, Middletown, NY 10941-1716
      View Details

    Similar Nearby for Sale

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      Middletown Development Site For Sale

      17.7-acre development site near Galleria Mall and Route 211.
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    • $500,000
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      Middletown Land Approved Development

      Approved land for office/day care development in Wallkill, Middletown.
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    • Contact for pricing
      72,000 SF

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      Development site with water and sewer access near Galleria Mall.
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    Similar Nearby for Lease

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      Adaptable commercial property in high-traffic area, ideal for various businesses.
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    • $22 SF/Yr
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      Retail Space Available For Lease

      6,500 SF retail space for lease in Scotchtown, NY.
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      View Details
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    Middletown, NY 10941-1614
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    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
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