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Property profile

21 Plank Rd Newburgh, NY 12550

OFF-MARKET
Office buildings
Property ID
US63-4536063
View Sample
1.2 ac lot
Entity Owned 19-yr Hold Free & Clear

Property summary

AI-generated overview

This two-story Class C office building offers immediate occupancy in multiple suites, perfectly situated off I-84's Newburgh exit. The building features a convenient split-level design with various office spaces ranging from 100 square feet to smaller units on the lower level. Utilities are included, encompassing heat, water, electricity, building maintenance, and snow removal. Shared amenities include a waiting area, restrooms, and a parking lot with 20 spaces, along with a handicap-accessible ramp. The building's central location makes it easily accessible for clients and employees. This is an ideal setting for a variety of professional services, such as accounting or therapy practices. Available spaces are ready for immediate move-in. Lease terms require first month's rent and a one-month security deposit upon signing.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 1.2 ac (52,272 SF)
APN 334600 75-1-14
UPID US63-4536063

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Physician
  • Employment Agency
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2006
3 recorded transactions
2006
$660,000
2002
$280,000
2002
$270,060

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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