Wholesale Warehouse Distributor For
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Major Cash & Carry Wholesale Warehouse Distributor, New York, NY 10451
55,000 sq ft warehouse with diverse inventory and loyal clientele.
Property Size55,000 SF
Price / SF$263.64
Days on Market1086
Property Features for Major Cash & Carry Wholesale Warehouse Distributor
General Information
Standard status
Active
Size
55,000 SF
Property subtype
Retail, Industrial
Building Details
Year Built
1992
Listing Agency:
Lisiten Associates Inc
Listed By:
Skip Warner · License #NY
Source:
Crexi
Added: Aug 31, 2023
Changed: Aug 12
Last Checked: Aug 18 at 11:28PM
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 Lisiten Associates Inc
Investment Insights
Based on property information with market context.
This 55,000 square foot warehouse is organized as a traditional warehouse club with signage, products, and inventory displayed on metal racked shelves. The facility is filled from floor to ceiling with a wide assortment of non-perishable food items, over-the-counter drugs, beauty aids, and other dry goods. The company stocks over 6,000 different bar-coded items purchased by a loyal customer base from all over the region. The company carries many items that no other competitor has. All purchases are recorded on the point of sale system, and the facility is monitored by security cameras. The company owns 5 trucks used for deliveries. The distributors core clientele are owners of regional supermarkets, convenience stores, bodegas and other small stores.
Key Highlights
- Established distribution business with a loyal customer base.
- Large 55,000 sq ft warehouse**, well‑organized and fully stocked with over 6,000 different items.
- Unique inventory includes many items not offered by competitors.
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
$970,165
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
6.69%
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%
$19,403,300
$19.4M
Cap Rate 7%
$13,859,500
$13.9M
Cap Rate 9%
$10,779,611
$10.8M
Market Conditions
NOI Build-Up for 55,000 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
$1.21M $21.96/SF
− Vacancy
−$66.4K −$1.21/SF
EGI
$1.14M $20.75/SF
− OpEx
−$171.2K −$3.11/SF
NOI
$970.2K $17.64/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$19,403,300
Cap Rate 7%
$13,859,500
Cap Rate 9%
$10,779,611
Alternative Uses
Best Use
Specialty Retail
$136.90M
$119.79M – $159.72M
NOI $9,583,200 @ 7.0% cap · market cap 66.09%
Second Best
Retail
$110.57M
$96.75M – $129.00M
NOI $7,739,849 @ 7.0% cap · market cap 53.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,639
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 55,000 sq ft warehouse with diverse inventory and loyal clientele.
Where is this warehouse located?
The property is located at Major Cash & Carry Wholesale Warehouse Distributor New York, NY.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Established distribution business with a loyal customer base.; Large 55,000 sq ft warehouse**, well‑organized and fully stocked with over 6,000 different items.; Unique inventory includes many items not offered by competitors.
