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Property profile & analytics
FOR LEASE
Office buildings

85 Crystal Run Rd Middletown, NY 10941

170,000 SF 20.6 ac lot Built 1989
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-3009200
Property summary
AI-generated overview

This premier Class A, four-story medical office building, totaling 164,070 square feet, offers 87,461 square feet of immediately available space in multiple suites ranging from 3,500 to 42,631 contiguous square feet. Located in the Crystal Run Corporate Park in Orange County, New York, this property boasts a highly desirable location at the intersection of I-84 and Route 17, providing exceptional access to a large workforce pool. Built in 1990 and extensively renovated in 2022, the building features a 14-foot ceiling height, 2000 KVA power capacity (11.5 watts/sf), and elevators. The 20.6-acre site offers ample parking with a generous 4.9 spaces per 1,000 square feet. The property is zoned O/R and includes 807 parking spaces. Turnkey suites are available, accommodating over 500 employees with existing furniture in place. This exceptional opportunity presents a unique chance to secure high-quality office space in a thriving commercial and medical corridor within one of New York State's fastest-growing counties. The building has five total suites. Virtual tours are available for several suites.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 170,000 SF
Lot 20.6 ac (897,336 SF)
Zoning code O/R
APN 335200 60-1-50.21
UPID US63-3009200
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
  • ACCES-VR Rehabilitation Center
  • Elevance Health Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.62M
Blend (final) Blend
$17.78M
Owner & transaction history
Albert Crystal Run 85 LLC · 20 yrs held
Albert Crystal Run 85 LLC
since 2006
2 recorded transactions
2023
Price N/A
2006
$25.2M
Zoning & alternative use
O/R · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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