Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20 Industrial Pl Middletown, NY 10940
    Property profile & analytics

    20 Industrial Pl Middletown, NY 10940

    View on Map
    • Warehouses
    • 38,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 20 Industrial Pl

    Year built
    1958
    Property size
    38,500 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 38,500-square-foot industrial property in Middletown, NY, presents a significant opportunity. Located at 20 Industrial Place, this single-tenant building sits on a three-acre lot and offers a range of features ideal for manufacturing, warehousing, or distribution. Built in 1958, the one-story structure boasts high ceilings (13 & 14 feet), two existing loading docks with potential for expansion, and ample parking in a dedicated lot. The property benefits from high-power electrical service, making it suitable for energy-intensive operations. Zoned I-2 Heavy Industrial, the site allows for diverse uses including outside storage and truck terminals. Its convenient location near NY-17 provides easy access to major transportation routes. The property's substantial size and versatile zoning make it an attractive option for businesses seeking a significant footprint in a strategic location. The APN is 330900-003-000-0001-010.000-0000. The entire 38,500 square feet is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.4066
    Latitude
    41.4666

    Comparable in this City

    • Value Estimation by Request
      60,000 SF

      334 County Rd

      Distribution properties • 60,000 SF
      334 County Rd, Middletown, NY 10940
      View Details
    • Value Estimation by Request
      241,800 SF

      3303 Us-6

      Distribution properties • 241,800 SF
      3303 Us-6, Middletown, NY 10940
      View Details
    • Value Estimation by Request
      2.90 Acres

      8 Airport Rd

      Distribution properties • 2.90 Acres
      8 Airport Rd, Middletown, NY 10940
      View Details
    • Value Estimation by Request
      205,144 SF

      102-128 Dolson Ave

      Distribution properties • 205,144 SF
      102-128 Dolson Ave, Middletown, NY 10940
      View Details
    • Value Estimation
      $670,000
      5,992 SF

      173 Dosen Rd

      DISTRIBUTION WAREHOUSE • 5,992 SF
      173 Dosen Rd, Middletown, NY 10940-6370
      View Details
    • Value Estimation by Request
      1.00 Acre

      36 Low Ave

      DISTRIBUTION WAREHOUSE • 1.00 Acre
      36 Low Ave, Middletown, NY 10940
      View Details

    Similar Nearby for Sale

    • $3,500,000
      1.40 Acres

      Middletown Mixed-Use Warehouse Compound

      44000SF mixed-use warehouse on 1.4 acres with multiple entrances.
      14-20 Cottage St, Middletown, NY 10940
      View Details
    • $799,999
      Pending

      Middletown Commercial Building For Sale

      Highly visible building in Middletown, suitable for retail or warehouse.
      40 Dolson Ave, Middletown, NY 10940
      View Details
    • $1,100,000
      1.20 Acres

      Middletown Warehouse on 1.2 Acres

      Industrial warehouse with parking in Middletown, NY for sale.
      18 Stanton St, Middletown, NY 10940
      View Details
    • $2,300,000

      Industrial Warehouse in Middletown, NY

      Industrial warehouse on 26,000 sq ft lot, Middletown, NY.
      105 Sprague Ave, Middletown, NY 10940
      View Details
    • $2,300,000

      Industrial Warehouse in Middletown, NY

      Industrial warehouse for sale in Middletown, NY.
      105 Sprague Ave, Middletown, NY 10940
      View Details

    Similar Nearby for Lease

    • $6,800 /Mo

      Middletown Industrial Shell For Rent

      Versatile industrial space in Middletown's City Center with flexible zoning.
      8 John St, Middletown, NY 10940
      View Details
    • $7 SF/Yr

      Middletown Warehouse/Industrial Facility For Lease

      30,000 SF warehouse/industrial facility with drive-in doors and loading dock.
      368 Highland Ave Ext, Middletown, NY 10940
      View Details
    • $12 SF/Yr

      Middletown Light Industrial/Warehouse Space

      Light industrial/warehouse/office space available for lease.
      334 County Rte 49 Rte, Middletown, NY 10940
      View Details
    • $9 SF/Yr

      Industrial Warehouse in Middletown, NY

      Industrial warehouse for rent in Middletown, NY. Zoned I-2.
      105 Sprague Ave, Middletown, NY 10940
      View Details
    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.
    20 Industrial Pl
    Middletown, NY 10940
    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

    Thank You for Inquiry
    20 Industrial Pl, Middletown, NY, 10940
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!