Mixed-Use Property on Broadway
11881 Broadway Street Alden, NY 14004
11881 Broadway Street, Alden, NY, 14004
$349,900
For Sale
$349,900
Mixed-use property with residential and commercial space on Broadway.
Property Size2,444 SF
Price / SF$143.17
Days on Market121
Property Features for 11881 Broadway Street
General Information
- Standard status
- Active
- Size
- 2,444 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1998
Listing Agency
Keller Williams Realty WNY
(716) 352-8679
Listed by
Dalton Reynolds · License #10401342408
(716) 352-8679
Source
Xome
Added: Mar 20 Checked: Jul 16 at 5:55 am
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This mixed-use property offers a combination of residential and commercial space. The property includes approximately 1,868 sq ft of residential living space and 576 sq ft of dedicated commercial space. The commercial portion features a lobby and two private rooms, currently configured as a chiropractic office, suitable for office, wellness, or service-based businesses. The residential space offers a spacious layout. The property is located on Broadway, providing visibility and accessibility to nearby amenities. The roof is approximately 3 years old. The property sits on a generous lot with strong curb appeal. This property is suited for owner-operators, small business owners, or investors seeking additional income potential.
Key Highlights
- Mixed‑use property: features 1,868 sq ft of residential space and 576 sq ft of commercial space.
- Prime Broadway location: offers excellent visibility and accessibility.
- Income potential: Ideal for owner‑operators, small business owners, or investors.
Local Financial Insights For Office B
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 | $49.9k | $20.40 |
| − Vacancy | −$9.0k | −$3.69 |
| EGI | $40.8k | $16.71 |
| − OpEx | −$10.2k | −$4.18 |
| NOI | $30.6k | $12.53 |
2,444 SF · lease $20.40/SF/yr · vacancy 18.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.5K
$382.8K – $510.4K
NOI $30,625 @ 7.0% cap · market cap 8.75%
Second Best
Healthcare Medical
$336.4K
$294.3K – $392.4K
NOI $23,545 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,399 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showalter Chiropractic | Chiropractor ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial space on Broadway.
Where is this mixed-use property located?
The property is located at 11881 Broadway Street Alden, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Mixed‑use property: features 1,868 sq ft of residential space and 576 sq ft of commercial space.; Prime Broadway location: offers excellent visibility and accessibility.; Income potential: Ideal for owner‑operators, small business owners, or investors.
