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    Property profile & analytics
    OFF-MARKET Estimated value $1,430,000
    Manufacturing properties

    524 Rte 303, Orangeburg, NY 10962-1309

    6,068 SF 8.3 ac lot Built 1963
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US63-3906415
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.14M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.33M
    Blend (final) Blend
    $1.43M
    Owner & transaction history
    300 N Main LLC · 7 yrs held
    300 N Main LLC
    since 2019
    7 recorded transactions
    2023
    2022
    2020
    2019
    $5.8M
    1969
    1969
    1969
    Zoning & alternative use
    LO · Orangeburg, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.2M +23.1%
    Warehouse, storage $2.2M +20.7%
    Neighborhood: shopping center $1.9M +3.7%
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