New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Automotive properties
20 Industrial Dr, Middletown, NY 10941-1614
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2036264
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1981
Total area
7,254 SF
Lot
1.5 ac (65,340 SF)
Zoning code
ENT-L
APN
335200 41-1-86.2
UPID
US63-2036264
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
NYSS Home Theater Electronics & Wireless Store
-
New York Security Systems Inc Security Service
-
Pitingaro & Doetsch Consulting Engineers, P.C. Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.39M
Owner & transaction history
20 Industrial Dr Grp LLC · 2 yrs held
20 Industrial Dr Grp LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
ENT-L · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+84.4%
Retail stores
$1.5M
+23.6%
Office building
$1.4M
+14.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,265,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,210,000
Current use
RESTAURANT
$2,235,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$1,495,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,380,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,170,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.38M (Dec 29 2023)
Last sale anchor
$1.38M
Dec 29 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$192 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$197,300
Assessed 2023
Previous assessed
$197,300
+0.0% YoY
Assessed land
$22,500
Assessed improvement
$174,800
Land market value
$155,174
Improvement market value
$1,205,526
Total market value
$1,360,700
Applied tax rate
332,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
1
Stories
1
Total area
7,254 SF
Lot
1.5 ac (65,340 SF)
Zoning code
ENT-L
APN
335200 41-1-86.2
UPID
US63-2036264
Jurisdiction
ORANGE
Zoning & alternative use
ENT-L · Middletown, NY
Zoning ENT-L · permitted uses
ENT-L · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Buildings
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
20 Industrial Dr Grp LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15 INDUSTRIAL DR, MIDDLETOWN, NY 10941-1693
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$1,384,500
20 Industrial Dr Grp LLC
20 Industrial Dr LLC
Deed
—
Apr 20, 2022
—
20 Industrial Drive LLC
—
Deed
related
$350,000 · Orange B&t Co
Feb 26, 2021
—
20 Industrial Drive LLC
Allan Markoff
Deed
—
Apr 30, 2018
—
Allan Markoff
—
Deed
related
$1,141,775 · Orange Bk&tr Co
—
—
Markoff,allan
—
Deed Of Trust
related
$411,031 · Orange Cnty Tr
—
—
Allan Markoff
—
Loan Modification
related
$1,280,000 · Orange Cnty Tr
—
—
Allan Markoff
—
Deed Of Trust
related
$500,000 · Orange County Trust Co
—
—
Allan Markoff
—
Loan Modification
related
$1,141,775 · Orange Bk&tr Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20 Industrial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
