Flex Retail and Warehouse
218 S Caroline Street Herkimer, NY 13350
218 S Caroline Street, Herkimer, NY, 13350
$499,000
For Sale
$499,000
SINGLE_FAMILY - Herkimer, NY
Property Size6,696 SF
Lot Size0.30 Acres
Price / SF$74.52
Days on Market63
Property Features for 218 S Caroline Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- 484
- Parking
- 10
- 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
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block, Concrete
- Roof type
- Rubber, Membrane
Listing agency
Accent Brokerage, Inc.
(315) 219-5990
Listed by
Rebecca Smith · License #10311200694
(315) 868-3098
Added: May 21 Updated: Jul 17 at 5:54PM Checked: Jul 22 at 7:06PM
MLS# S1683848
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 flex-style commercial building offers a flexible floor plan designed around a large retail area with supporting office and warehouse space. The retail portion can be split into two spaces if desired, with the larger retail area including office and conference space, along with two half baths. A smaller retail-side option is approximately 1,064 square feet and features separate heat, lights, and water, plus a half bath area.
Out back, the property includes a warehouse space with an 11x11 overhead door. Electrical service includes a 200-amp, 3-phase system with sub feeds.
Located at 218 S Caroline Street in Herkimer, New York, the property is positioned for convenient regional access, centrally located to the NYS Thruway, State Route 5, and State Route 5S.
Out back, the property includes a warehouse space with an 11x11 overhead door. Electrical service includes a 200-amp, 3-phase system with sub feeds.
Located at 218 S Caroline Street in Herkimer, New York, the property is positioned for convenient regional access, centrally located to the NYS Thruway, State Route 5, and State Route 5S.
Key Highlights
- Over 5,000 SF retail space that can be split into two areas for rental or in‑store use (approx. 1,064 SF smaller side).
- Smaller side includes separate utilities (heat, lights, and water) plus a half bath area.
- Main retail area with central air plus office and conference room, and two half baths.
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 - Flexible retail building with an 11x11 overhead door and central air.
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: Over 5,000 SF retail space that can be split into two areas for rental or in‑store use (approx. 1,064 SF smaller side).; Smaller side includes separate utilities (heat, lights, and water) plus a half bath area.; Main retail area with central air plus office and conference room, and two half baths.
