Versatile Commercial Space in
For Sale
$549,900
Pending
14 Lakes Road, Monroe, NY 10950
Commercial property suitable for retail or office use in Monroe.
Property Size2,204 SF
Days on Market580
Property Features for 14 Lakes Road
General Information
Standard status
Pending
Size
2,204 SF
Taxes and HOA fees
Annual Taxes
$13,400
Amenities
Central Air
Baseboard, Natural Gas
Electric Water Heater
Parking Lot
Building Details
Building Size
2,204 SF
Listing Agency:
Biagini Realty
Listed By:
Paul Biagini
(845) 238-8182
Source:
Evrealestate
Added: Mar 26, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:21PM
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 Biagini Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property in Monroe offers versatile space suitable for retail or office use. Situated in a high-traffic area, the property benefits from excellent visibility and ample parking. The surrounding community is thriving, presenting an investment opportunity for establishing a business presence in Monroe's growing commercial landscape.
Key Highlights
- High‑traffic location ensures excellent visibility.
- Ample parking available for customers and employees.
- Versatile space suitable for retail or office use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,826
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
$536.5K
Cap Rate 7%
$383,229
$383.2K
Cap Rate 9%
$298,067
$298.1K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$39.7K $18.00/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$38.3K $17.39/SF
− OpEx
−$11.5K −$5.22/SF
NOI
$26.8K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
Cap Rate 7%
$383,229
Cap Rate 9%
$298,067
Alternative Uses
Best Use
Retail
$383.2K
$335.3K – $447.1K
NOI $26,826 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,253 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Shops & Services 32%
Dining 6%
Electronics 4%
ShopRite
Groceries
43,613 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,632 visits/mo
0.5 miles
Dunkin' Donuts
Dining
4,545 visits/mo
0.5 miles
Verizon
Electronics
3,104 visits/mo
0.5 miles
M&T Bank
Shops & Services
2,743 visits/mo
0.3 miles
Demographics for 10950, NY
62,741
Population
17,531
Households
3.6
Avg Household Size
21
Median Age
26%
College-Educated
85%
High-School Grad
36.8 sq mi
ZIP Area
1,705
Density / Sq Mi
$77,123
Median Household Income
$38,496
Median Earnings
$1,693
Median Rent
$458,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property suitable for retail or office use in Monroe.
Where is this retail space located?
The property is located at 14 Lakes Road Monroe, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: High‑traffic location ensures **excellent visibility**.; Ample parking available for customers and employees.; Versatile space suitable for retail or office use.
