Heated
For Sale
$225,000
11539 State Route 28, Forestport, NY 13338
A heated, insulated building with a concrete floor and bathroom supports storage or workspace needs.
Property Size1,728 SF
Price / SF$86.54
Days on Market12
Property Features for 11539 State Route 28
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$260,000
Building Details
Building Size
1,728 SF
Year Built
1975
Stories
2
Listed By:
Robert J. Lawless
(315) 724-7474
Source:
Elliman
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 28 at 9:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert J. Lawless
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Investment Insights
Based on property information with market context.
Built in 1975, this warehouse measures 40' x 65' and has a concrete floor. Heating and insulation are in place, along with a bathroom equipped with a shower and sink. Water is supplied from the main house.
The building offers space for storage or work activities, with any use subject to local regulations and buyer verification.
The building offers space for storage or work activities, with any use subject to local regulations and buyer verification.
Key Highlights
- 40' x 65' warehouse building
- Heated and insulated
- Concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,526
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,520
$390.5K
Cap Rate 7%
$278,943
$278.9K
Cap Rate 9%
$216,956
$217.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$24.6K $9.48/SF
− Vacancy
−$1.7K −$0.64/SF
EGI
$23.0K $8.84/SF
− OpEx
−$3.4K −$1.33/SF
NOI
$19.5K $7.51/SF
Area
Oneida County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,520
Cap Rate 7%
$278,943
Cap Rate 9%
$216,956
Alternative Uses
Best Use
Warehouse
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.2K
$599.5K – $799.4K
NOI $47,961 @ 7.0% cap · market cap 21.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13338, NY
1,187
Population
1,495
Households
0.8
Avg Household Size
54
Median Age
26%
College-Educated
90%
High-School Grad
229.1 sq mi
ZIP Area
5
Density / Sq Mi
$58,393
Median Household Income
$44,013
Median Earnings
$611
Median Rent
$156,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - A heated, insulated building with a concrete floor and bathroom supports storage or workspace needs.
Where is this warehouse located?
The property is located at 11539 State Route 28 Forestport, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 40' x 65' warehouse building; Heated and insulated; Concrete floor
