Flex Retail and Warehouse
218 S Caroline Street Herkimer, NY 13350
218 S Caroline Street, Herkimer, NY, 13350
$499,000
For Sale
$499,000
COMMERCIAL - Herkimer, NY
Property Size6,696 SF
Lot Size0.30 Acres
Price / SF$74.52
Days on Market57
Property Features for 218 S Caroline Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- BlacktopDriveway
- Standard status
- Active
- APN
- 213001-120-032-0001-056-000-0000
- Size
- 6,696 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16739
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Roof type
- Rubber, Membrane
Listing agency
Accent Brokerage, Inc.
(315) 219-5990
Listed by
Rebecca Smith · License #10311200694
(315) 868-3098
Added: May 27 Updated: Jul 12 at 9:35AM Checked: Jul 22 at 10:06PM
MLS# S1684999
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale flex property includes retail space and a warehouse area located out back, offering a flexible floor plan. The retail portion is described as over 5,000 square feet and can be split into two sides for separate use. One smaller side is approximately 1,064 square feet and has separate heat, lights, and water, plus a half bath area. The main retail space includes two half baths, an office and conference room, and central air.
A warehouse space of approximately 1,665 square feet is accessed via an 11x11 overhead door. The property also includes a 200 Amp, 3-phase electric service with sub feeds.
The building is centrally located with access to the NYS Thruway and State Route 5 and 5S.
A warehouse space of approximately 1,665 square feet is accessed via an 11x11 overhead door. The property also includes a 200 Amp, 3-phase electric service with sub feeds.
The building is centrally located with access to the NYS Thruway and State Route 5 and 5S.
Key Highlights
- Retail/warehouse building built in 1983 with flexible floor plan in a high‑traffic area
- Retail space over 5,000 SF; can be split into two sides, including an approx. 1,064 SF smaller retail portion
- Smaller side has separate heat, lights, and water, plus half bath area; utilities separated for independent use
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $9.48 |
| − Vacancy | −$4.3k | −$0.64 |
| EGI | $59.2k | $8.84 |
| − OpEx | −$17.7k | −$2.65 |
| NOI | $41.4k | $6.18 |
6,696 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,568 @ 7.0% cap · market cap 21.96%
Second Best
Flex RnD
$1.24M
$1.08M – $1.44M
NOI $86,491 @ 7.0% cap · market cap 17.33%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,514 @ 7.0% cap · market cap 27.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John's Floorcovering Company, ...
Carpet & Flooring Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - This for-sale flex building combines retail space with warehouse access through an 11x11 overhead door.
Where is this flex space located?
The property is located at 218 S Caroline Street Herkimer, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Retail/warehouse building built in 1983 with flexible floor plan in a high‑traffic area; Retail space over 5,000 SF; can be split into two sides, including an approx. 1,064 SF smaller retail portion; Smaller side has separate heat, lights, and water, plus half bath area; utilities separated for independent use
