Historic Renovated Barn For
101 River Street Warrensburg, NY 12885
For Sale
$721,999
Pending
Restored barn with modern amenities, suitable for offices or warehousing.
Property Size5,888 SF
Lot Size0.28 Acres
Days on Market781
Property Features for 101 River Street
General Information
- Standard status
- Pending
- Size
- 5,888 SF
- Lot size
- 0.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing Agency:
KW PLATFORM
(518) 724-5800
Listed By:
ELIZABETH PAGE · License #10401333541
Source:
Corcoran
Added: Jun 5, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:52AM
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 KW PLATFORM
Investment Insights
Based on property information with market context.
This property is a historic renovated barn structure that has been fully restored and equipped with modern amenities, wood-finish interiors, central air, and security systems. It is ADA compliant and offers a versatile space suitable for corporate offices, warehousing, or commercial ventures. The property has undergone a tremendous number of custom alterations to house corporate offices and a recreation area. It features more than 50 parking spots. The interior is well-suited for continued office use or adaptive reuse of the space, based on zoning. The property includes two adjacent vacant land parcels that are approximately 3 acres, which can be used for parking, building, or other uses. The building could also be converted into residential or shared habitat. The property size is 5888 square feet.
Key Highlights
- Historic renovated barn structure with versatile space.
- Includes two adjacent vacant land parcels (approximately 3 acres) for parking, building, or other uses.
- More than 50 parking spots available.
Financial Insights For Warehouse
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 | $55.8k | $9.48 |
| − Vacancy | −$3.8k | −$0.64 |
| EGI | $52.0k | $8.84 |
| − OpEx | −$7.8k | −$1.33 |
| NOI | $44.2k | $7.51 |
5,888 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,146 @ 7.0% cap · market cap 12.62%
Second Best
Warehouse
$631.7K
$552.7K – $737.0K
NOI $44,219 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,365 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lotus Analytics
Business To Business Service
Lotus Group of Companies, ...
Business Administration Service
Lotus Healthcare Staffing
Employment Agency
TEF BRAID
Hair Salon
FAQs
What type of property is this?
Office building - Restored barn with modern amenities, suitable for offices or warehousing.
Where is this office building located?
The property is located at 101 River Street Warrensburg, NY.
What is the asking price?
The asking price for this property is $721,999.
What are key features of this property?
This property features: Historic renovated barn structure with versatile space.; Includes two adjacent vacant land parcels (approximately 3 acres) for parking, building, or other uses.; More than 50 parking spots available.
