Single-Story
For Sale
$2,900,000
125 Southern Avenue, Little Falls, NY 13365
Open interior space, tall ceilings and multiple loading docks support industrial redevelopment plans.
Property Size22,000 SF
Lot Size1.20 Acres
Price / SF$131.82
Days on Market24
Property Features for 125 Southern Avenue
General Information
Standard status
Active
Size
22,000 SF
Total Parking Spaces
20
Lot size
1.20 Acres
Zoning
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$32,059
Amenities
loading docks
Building Details
Year Built
2020
Buildings
1
Stories
1
Building Size
22,000 SF
Listing Agency:
River Hills Properties, LLC
Listed By:
Robin Mongeau · License #10491202123
(315) 868-6719
Source:
Capmarkrealty
Added: Oct 9
Changed: Oct 26
Last Checked: Nov 1 at 2:32AM
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 River Hills Properties, LLC
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Investment Insights
Based on property information with market context.
This 22,000-square-foot warehouse occupies 1.2 acres and has a single-story layout with mostly open floor area and high ceilings. Existing features include oversized openings, multiple loading docks, and gas, sewer and electric service. The property is zoned Commercial and is presented for redevelopment.
At 125 Southern Avenue in Little Falls, the site sits across the waterway from the Canal district, with direct water views. The surrounding district includes dining, taverns, antique shops, cafes, coffee shops, florists and specialty gift shops, as well as a venue for annual festivals.
At 125 Southern Avenue in Little Falls, the site sits across the waterway from the Canal district, with direct water views. The surrounding district includes dining, taverns, antique shops, cafes, coffee shops, florists and specialty gift shops, as well as a venue for annual festivals.
Key Highlights
- 22,000‑square‑foot building on 1.2 acres
- Single‑story layout with mostly open space and high ceilings
- Multiple loading docks and oversized openings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,221
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,420
$3.3M
Cap Rate 7%
$2,360,300
$2.4M
Cap Rate 9%
$1,835,789
$1.8M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$208.6K $9.48/SF
− Vacancy
−$14.2K −$0.64/SF
EGI
$194.4K $8.84/SF
− OpEx
−$29.2K −$1.33/SF
NOI
$165.2K $7.51/SF
Area
Herkimer 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%
$3,304,420
Cap Rate 7%
$2,360,300
Cap Rate 9%
$1,835,789
Alternative Uses
Best Use
Warehouse
$2.36M
$2.07M – $2.75M
NOI $165,221 @ 7.0% cap · market cap 5.70%
Second Best
Industrial
$1.94M
$1.70M – $2.27M
NOI $136,065 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,378 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13365, NY
8,448
Population
4,066
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
123.6 sq mi
ZIP Area
68
Density / Sq Mi
$60,458
Median Household Income
$44,317
Median Earnings
$800
Median Rent
$121,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Open interior space, tall ceilings and multiple loading docks support industrial redevelopment plans.
Where is this warehouse located?
The property is located at 125 Southern Avenue Little Falls, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 22,000‑square‑foot building on 1.2 acres; Single‑story layout with mostly open space and high ceilings; Multiple loading docks and oversized openings
