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    45 Turner Dr Middletown, NY 10941
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    Property profile & analytics

    45 Turner Dr, Middletown, NY 10941

    View on Map
    • Distribution centers
    • 161,896 SF
    • 10.40 lot acres
    For Lease
    $10,500,000
    View Listing →
    Industrial Warehouse Space in Middletown For Lease
    $10,500,000
    27,500 SF

    Industrial Warehouse Space in Middletown

    27,500 SF industrial warehouse space available for rent.

    45 Turner Dr, Middletown, NY
    View Listing
    Property ID
    US63-3295899
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southern Wine & Spirits / Big Box & Wholesale Store / Distribution Center
    • Frito Lay / Warehouse & Storage
    • Applied Medical, Middletown, NY / Corporate Office
    • BFY Better for your brands / Warehouse & Storage
    • MMI Agriculture / Industrial Manufacturer / Production Facility

    Property Details for 45 Turner Dr

    Year built
    2003
    Lot size
    10.40 lot acres
    Zone code
    ENT-L
    Property type
    Distribution centers
    APN
    335200 40-1-71
    APU
    33520040171

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2021 — Joan Rojas — Deed · related $231k · Mr Cooper
    May 17, 2007 — Wallkill Seven 45 Turner Drive LLC Grant Deed · related —
    — — 45 Turner Drive LLC — Deed Of Trust · related $507k · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,638,000
      Market price range: $6.69M - $24.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $14,010,000
      Current use
      INDUSTRIAL (GENERAL)
      $15,280,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3805
    Latitude
    41.4665
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 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
    2021
    $0.00
    $78,000
    $1,578,700
    $1,656,700
    -
    $537,930
    $10,887,570
    $11,425,500

    Comparable in this City

    • Value Estimation
      $3,860,000
      54,052 SF

      54 Turner Dr

      DISTRIBUTION WAREHOUSE
      54 Turner Dr, Middletown, NY 10941-2046
      View Details
    • Value Estimation
      $1,520,000
      20,000 SF

      195 Tower Dr

      DISTRIBUTION WAREHOUSE
      195 Tower Dr, Middletown, NY 10941-2034
      View Details
    • Value Estimation
      $5,155,000
      78,670 SF

      103 Tower Dr

      DISTRIBUTION WAREHOUSE
      103 Tower Dr, Middletown, NY 10941-2034
      View Details
    • Value Estimation by Request
      3,564 SF

      24 Bahrenburg Rd

      DISTRIBUTION WAREHOUSE
      24 Bahrenburg Rd, Middletown, NY 10941
      View Details
    • Value Estimation by Request
      72,000 SF

      53 Smith Rd

      Life science properties
      53 Smith Rd, Middletown, NY 10941
      View Details
    • Value Estimation by Request
      14,904 SF

      681 Rte 211th E

      TRUCK TERMINAL (MOTOR FREIGHT)
      681 Rte 211th E, Middletown, NY 10941-1717
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      57,000 SF industrial building in Middletown, renovated in 2001.
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      Hudson Valley Land Opportunity

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      43+ acre property with pond, ideal for recreation.
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      View Details
    • $250,000
      23.50 Acres

      Agricultural Land with I-84 Visibility

      23.5 acres of agricultural land near Middletown and Montgomery.
      18 Ohaire Rd, Middletown, NY 10941
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Middletown Warehouse Space Available

      20,000 sq ft warehouse space for lease.
      21 Wes Warren Dr, Middletown, NY 10941
      View Details
    • Contact for pricing
      27,500 SF

      Industrial Warehouse Space in Middletown

      27,500 SF industrial warehouse space available for rent.
      45 Turner Dr, Middletown, NY 10941
      View Details
    • $10 SF/Yr

      Middletown Industrial Warehouse For Lease

      Industrial warehouse space available for lease in Middletown, NY.
      2618 Route 302, Middletown, NY 10941
      View Details
    • $3,800 /Mo
      178,596 SF

      Versatile Commercial Space on Route 17K

      Flexible warehouse and office space available for lease in Middletown.
      2824 State Route 17K, Middletown, NY 10941
      View Details

    Property Visit Statistics

    • Visits by month
      884
    • Visitors by month
      285
    • Avg Time on site
      43 min
    View Listing
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    Middletown, NY 10941
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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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