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    155 Vineyard Ave Highland, NY 12528

    Sponsored
    For Sale
    $2,900,000

    95,000 SF Warehouse, 9% Cap Rate, Redevelopment Potential

    Property size:
    95,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 95,000 square foot industrial property, located at 155 Vineyard Ave, Highland, NY 12528, presents a compelling redevelopment or operational opportunity. Situated on a 2.9-acre lot in Ulster County, this Class C property boasts two buildings, each two stories high, with a permitted LI zoning designation. Built in 1926 and renovated in 1968, the property features 4 loading docks and 4 dock-high doors, along with an impressive 18-foot ceiling height. Currently operating at 10% occupancy (as of March 31, 2023), this multi-tenant property offers significant upside potential. The asking price is $2,900,000, representing a price per square foot of $30.53 and a land value of $38 per square foot. The property is offered as a Net Lease and is owned by an LLC. Its prime location in a rapidly growing area makes it ideal for conversion to self-storage, residential, senior housing, or assisted living facilities. Alternatively, it can serve as a cost-effective warehouse and distribution center. This is a unique opportunity to acquire a substantial industrial property with significant redevelopment potential at an attractive price point and a 9% cap rate.

    Property Features for 155 Vineyard Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    95,000 SF
    Class
    C
    Lot Size
    126,324 SF

    Building Details

    Year Built/Renovated
    1926/1968
    Buildings
    2
    Stories
    2

    HighLights

    • $2,900,000 asking price for a 95,000 square foot industrial property.
    • 9% cap rate with 10% occupancy as of March 31, 2023.
    • Located at 155 Vineyard Ave, Highland, NY 12528, on a 2.9‑acre lot.
    • Features two buildings, two stories, 18' ceilings, four loading docks, and four dock‑high doors.
    • Class C property built in 1926, renovated in 1968, with LI zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Ulster
    State
    New York
    Longitude
    -73.9731773
    Latitude
    41.7140256

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    FAQs

    What type of property is this?
    Retirement home - 95,000 SF Warehouse, 9% Cap Rate, Redevelopment Potential
    Where is this retirement home located?
    The property is located at 155 Vineyard Ave Highland, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 asking price for a 95,000 square foot industrial property.; 9% cap rate with 10% occupancy as of March 31, 2023.; Located at 155 Vineyard Ave, Highland, NY 12528, on a 2.9-acre lot.
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    Realmo Value Estimation

    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.

    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.

    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
    155 Vineyard Ave Highland, NY 12528
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