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    Property profile & analytics

    115 Industrial Loop Staten Island, NY 10309

    • Warehouses
    • 7,150 SF
    • 0.36 lot acres
    For Lease
    View listing
    $288 SF/Yr
    Value Estimations
    $440,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2365144
    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

    • ACS Metals Inc. / Welding / Railing Contractor
    • SLATER ASSOCIATES INC. / Construction Company
    • Beach, Please! / Beach Clothing Store
    • BalloonsFast.com / Party Store
    • Next Level Performance / Personal Trainer

    Property Details for 115 Industrial Loop

    Year built
    1996
    Lot size
    0.36 lot acres
    Property size
    7,150 SF
    Zone code
    M3-1
    Property type
    Warehouses
    APN
    07206-0269
    APU
    72060269

    Description

    This single-story, 7,500 square foot manufacturing building at 115 Industrial Loop, Staten Island, NY 10309, offers a 1,450 square foot bay immediately available for lease. Built in 1996 and renovated the same year, the property features a total of five suites within a single building, situated on a 7,500 square foot lot with 104 feet of frontage. The minimum divisible space is 1,450 square feet, which is also the maximum contiguous space currently available. An additional 1,450 square foot bay will become available February 1, 2023. The building has a floor area ratio (FAR) of 2. Annual property taxes are $32,039. This is a great opportunity for a manufacturer seeking a well-maintained space in a convenient Staten Island location. The asking rent for the immediately available space is $2,900 per month gross. Lease terms are open to negotiation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $474,000
      Market price range: $239k - $719k

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.2299
    Latitude
    40.5491
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
    2024
    $30,028
    $108,900
    $190,260
    $299,160
    -
    $242,000
    $388,000
    $630,000

    Comparable in this City

    • Value Estimation
      $280,000
      1,800 SF

      3007 Arthur Kill Rd

      WAREHOUSE, STORAGE • 1,800 SF
      3007 Arthur Kill Rd, Staten Island, NY 10309-1106
      View Details
    • Value Estimation
      $230,000
      1,800 SF

      3009 Arthur Kill Rd

      WAREHOUSE, STORAGE • 1,800 SF
      3009 Arthur Kill Rd, Staten Island, NY 10309-1106
      View Details
    • Value Estimation
      $245,000
      2,500 SF

      79 Storer Ave

      WAREHOUSE, STORAGE • 2,500 SF
      79 Storer Ave, Staten Island, NY 10309-1420
      View Details
    • Value Estimation
      $2,535,000
      15,000 SF

      178 Industrial Loop

      WAREHOUSE, STORAGE • 15,000 SF
      178 Industrial Loop, Staten Island, NY 10309-1145
      View Details
    • Value Estimation
      $390,000
      16,536 SF

      135 Johnson St

      WAREHOUSE, STORAGE • 16,536 SF
      135 Johnson St, Staten Island, NY 10309-1114
      View Details
    • Value Estimation
      $3,645,000
      5,100 SF

      114 Kreischer St

      WAREHOUSE, STORAGE • 5,100 SF
      114 Kreischer St, Staten Island, NY 10309-1308
      View Details

    Similar Nearby for Sale

    • $7,995,000
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      Staten Island Multi-Use Investment

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      Staten Island Warehouse For Sale

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    • $2,590,000
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      Staten Island Industrial Building

      7,531 SF Manufacturing Space, $2.59M
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    • $2,000,000

      Staten Island Industrial Land for Sale

      23,727 sq ft vacant lot, ready for development.
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    • $2,600,000
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      Staten Island Industrial Property

      146,200 SF Manufacturing Facility, 100% Occupied
      115 Industrial Loop, Staten Island, NY 10309
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    • $1,999,999

      Prime Land for Development

      45,000+ sq ft M1-1 land ideal for retail/hotel development.
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    Similar Nearby for Lease

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      Warehouse/Storefront on Arthur Kill Road

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    • $6,000 /Mo
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      Staten Island Warehouse with High Ceilings

      3000 SF warehouse with 24' ceilings for lease.
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    • $6,000 /Mo
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      Staten Island Warehouse Space Available

      3000 SF warehouse with 24' ceilings and drive-in door.
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      View Details
    • $6,000 /Mo
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      Warehouse with Office Space

      3,200 SF warehouse with office space for rent.
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    • $28 SF/Yr
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      Staten Island Industrial Manufacturing Space

      10,000 sq ft, New Construction, Excellent Access
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      View Details
    • $5 SF/Yr
      65,000 SF

      519 -521 Industrial Loop Staten Is

      Manufacturing properties
      519 -521 Industrial Loop Staten Is, Staten Island, NY 10309
      View Details
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    115 Industrial Loop
    Staten Island, NY 10309
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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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