11 Town Shed Road Horicon, NY 12815
Full-service marine business for sale in the Adirondacks.
Property Features for 11 Town Shed Road
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 12.32 Acres
- Property subtype
- Commercial
Listing office EXP REALTY (888) 276-0630
Listing date May 20, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Established, profitable, full‑service marine business with 25+ years of operation and a strong reputation.
- Strategically located in the Adirondacks near multiple popular boating destinations.
- Substantial property: Over 12 commercially zoned acres with over 30,000 square feet of well‑maintained improvements.
Local Financial Insights For Retail
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 | $450.0k | $15.00 |
| − Vacancy | −$36.0k | −$1.20 |
| EGI | $414.0k | $13.80 |
| − OpEx | −$124.2k | −$4.14 |
| NOI | $289.8k | $9.66 |