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    105 Hand Avenue Elizabethtown, NY 12932

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    Claim this Listing
    For Sale
    $199,000

    COMMERCIAL - Elizabethtown, NY

    Property size:
    12,416 SF
    Lot size:
    0.40 Acres
    Added:
    Mar 9, 2024
    Days on Market:
    770
    Last Refresh:
    Apr 18 at 5:06 pm

    Property Features for 105 Hand Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    4
    Parking features
    Carport
    Interior features
    High Ceilings, High Speed Internet, Storage
    Exterior features
    Storage
    Standard status
    Active
    APN
    55.84-4-8.120
    Size
    12,416 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3364

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1955
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Frame, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Corey Iaria Purcell

    Listing agent Corey Iaria Purcell

    Listing office Four Seasons Sotheby's International Realty 1496 State Route 9, Lake Placid, NY

    Listing date Mar 9, 2024

    MLS# 201430

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Buildings in Elizabethtown

    Located in the county seat of Essex County, within the Adirondacks and near the Interstate, this commercial property features two buildings suitable for versatile use. One building is currently used for light manufacturing, while the other serves as a spacious warehouse with garage access. The property offers over 12,000 square feet of combined space, multiple driveways, a large lift, and three-phase power that can be utilized separately. Included in the sale are high-value pieces of equipment, such as a large CNC router, vacuum pump, and inverted pin router. The property is situated on a 0.4-acre lot. Potential uses include manufacturing, storage, logistics, event space, artist studios, retail, tech development, research and development, or residential conversion. The location is less than two hours from Montreal, Albany, and Burlington, Vermont. The property is located in Elizabethtown, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Hair Salon Big Box & Wholesale Store Dental Office Nail Salon Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Essex
    State
    New York
    Longitude
    -73.591818
    Latitude
    44.214224

    Nearby Similar for Sale

    • $145,000
      1,272 SF

      Commercial Property on Corner Lot

      Commercial property with high exposure and rental income potential.
      222 Water Street, Elizabethtown, NY 12932
      View Details
    • $145,000
      1,272 SF

      Corner Lot Mixed-Use Property

      Mixed-use property on a busy corner lot with great exposure.
      222 Water St Unit 222, Elizabethtown, NY 12932
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Two buildings ideal for manufacturing, storage, retail, or residential conversion.
    Where is this manufacturing property located?
    The property is located at 105 Hand Avenue Elizabethtown, NY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime location in Essex County, Adirondacks, close to Interstate, and under two hours from Montreal, Albany, and Burlington.; Two buildings totaling over 12,000 sq ft suitable for versatile use including manufacturing, storage, retail, or residential conversion.; Includes valuable equipment: **CNC router, vacuum pump, and inverted pin router.**
    (518) 524-6608
    We can help!
    Listing Contact
    Corey Iaria Purcell
    Learn More
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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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