Property profile

524 Rte 303 Orangeburg, NY 10962

OFF-MARKET
Manufacturing properties
Property ID
US63-3906415
6,068 SF 8.3 ac lot Built 1963
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 61,000-square-foot industrial and office building presents a significant investment opportunity in Orangeburg, NY. Situated on a generous 8.3-acre lot, the single-level structure boasts a robust steel frame and masonry construction, ensuring durability and longevity. The building is currently fully occupied by two tenants, providing immediate cash flow. However, one tenant's lease expires in November 2024, freeing up approximately 27,821 square feet of space. This presents a unique opportunity for the new owner to either lease this space to generate additional income or utilize it for expansion or internal operations. The existing building layout includes approximately 6,400 square feet of well-maintained office space, complementing the substantial industrial area. The property's floor load capacity is rated at 15 tons, accommodating a wide range of industrial uses. Its strategic location in Orangeburg offers excellent access to major transportation routes, making it an ideal location for distribution, manufacturing, or warehousing operations. This property is being offered at $15,900,000 and represents a compelling investment prospect with strong potential for future growth and profitability. Further specifics and details are available upon request.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Total area 6,068 SF
Lot 8.3 ac (361,548 SF)
Zoning code LO
APN 392489 70.19-1-44
UPID US63-3906415

Cap rate & NOI

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

Location

524 Rte 303 Orangeburg, NY 10962-1309
Orangeburg metro Census 13002 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.14M

Owner & transaction history

since 2019
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2019
$5.8M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LO · Orangeburg, NY
Top alternative use upside
Commercial (general) $2.2M +23.1%
Warehouse, storage $2.2M +20.7%
Neighborhood: shopping center $1.9M +3.7%

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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