Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N Drury Ln, NY

    • Distribution centers
    • 30,150 SF
    • 5.40 lot acres
    OFF-MARKET
    Value Estimations
    $2,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5076688
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for N

    Year built
    2022
    Lot size
    5.40 lot acres
    Property size
    30,150 SF
    Zone code
    RA2
    Property type
    Distribution centers
    APN
    334289 26-1-96
    APU
    33428926196

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,610,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,845,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Drury Ln
    County
    Orange
    State
    New York
    Longitude
    -74.1303
    Latitude
    41.5276
    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
    $198,000
    $600,000
    $798,000
    -
    $471,429
    $1,428,571
    $1,900,000

    Comparable in this City

    • Value Estimation
      $6,240,000
      59,920 SF

      S

      DISTRIBUTION WAREHOUSE • 59,920 SF
      S, Dow St, NY
      View Details
    • Value Estimation
      $1,135,000
      21,600 SF

      Henry Clay Blvd, NY

      DISTRIBUTION WAREHOUSE • 21,600 SF
      Henry Clay Blvd, NY
      View Details
    • Value Estimation by Request
      2,200 SF

      Rt 374, NY

      DISTRIBUTION WAREHOUSE • 2,200 SF
      4448, Rt 374, NY
      View Details
    • Value Estimation
      $17,180,000
      0.10 Acres

      Columbus Ave, NY

      DISTRIBUTION WAREHOUSE • 0.10 Acres
      Columbus Ave, NY
      View Details
    • Value Estimation by Request
      10,000 SF

      Rte 35

      DISTRIBUTION WAREHOUSE • 10,000 SF
      Rte 35, E, NY
      View Details
    • Value Estimation
      $1,470,000
      9,800 SF

      1928 Us Rt 9

      DISTRIBUTION WAREHOUSE • 9,800 SF
      1928 Us Rt 9, 9, NY
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Parcel Development Opportunity

      3.42-acre industrial parcel for development in Rockland County.
      555 Landmark Dr, Congers, NY
      View Details
    • $90,000
      10.03 Acres

      Brewster Commercial Land Opportunity

      10+ acres near I-84 and upcoming sports park.
      100 10 Acre Ln, Brewster, NY
      View Details
    • $4,500,000
      20,000 SF

      Freestanding Building For Sale/Lease

      Two-story, on-grade building suitable for wholesale, retail, and distribution.
      919 St W, Pelham, NY
      View Details
    • Contact for pricing
      7,500 SF

      7,500 SF Flex Space

      7,500 SF flex space with highway visibility.
      22672 County Rte, Watertown, NY
      View Details
    • Contact for pricing
      27,792 SF

      Cortland Warehouse on Route 11

      27,792 SF warehouse located near Interstate 81.
      3901 Us-11, Cortland, NY
      View Details
    • Contact for pricing
      300,000 SF

      Versatile Industrial Facility with Rail Access

      Large industrial complex with warehouses, workshops, and development land.
      5786 Ny-96, Romulus, NY
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,787 SF

      Henrietta Distribution Facility with Parking

      Distribution facility with ample parking and easy highway access.
      330 Clay Rd, Henrietta, NY
      View Details
    • Contact for pricing
      500,000 SF

      Spacious Distribution Warehouse for Lease

      Large 500,000 SF distribution warehouse with ample parking.
      896 County Rd, Johnstown, NY
      View Details
    • Contact for pricing
      146,075 SF

      146,075 SF Industrial Building

      146,075 SF industrial building with 36' ceilings.
      14 Moosilauke Dr, Montgomery, NY
      View Details
    • Contact for pricing
      20,000 SF

      Bergen Warehouse with Tax Abatement

      20,000 SF warehouse with high ceilings and tax abatement.
      8245 Roxbury Ln, Bergen, NY
      View Details
    • Contact for pricing
      65,143 SF

      Medford Warehouse with Loading Docks

      65,143 SF warehouse with loading docks and drive-ins.
      15 Way Donald's, Medford, NY
      View Details
    • Contact for pricing
      25,200 SF

      Industrial Building in Canandaigua

      25,200 SF industrial building in great condition for lease.
      5318 St N, Canandaigua, NY
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    N
    Drury Ln, NY
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!