Remodeled Office
For Sale
Contact for pricing
136 Main Street, Morris, NY 13808
Updated professional space with a private entrance, restroom, and separate egress door on Main Street.
Property Size588 SF
Price / SF$1.70
Days on Market84
Property Features for 136 Main Street
General Information
Standard status
Active
Size
588 SF
Property subtype
CommercialLease
Amenities
private restroom
private entrance
separate egress door
Listing Agency:
Howard Hanna
(607) 336-8080
Listed By:
Michelle Collins
(607) 222-2647
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 16 at 8:28AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This recently remodeled office unit at 136 Main Street provides an updated professional setting for office and service-oriented operations. Improvements include a private restroom, dedicated entrance, and separate egress door. The configuration can accommodate reception, private offices, meeting areas, or client-facing functions.
The property is located on Main Street in Morris, New York, with direct street visibility and convenient access. Supported uses described for the space include legal, accounting, insurance, real estate, consulting, counseling, wellness, bookkeeping, home healthcare, and nonprofit office operations.
The property is located on Main Street in Morris, New York, with direct street visibility and convenient access. Supported uses described for the space include legal, accounting, insurance, real estate, consulting, counseling, wellness, bookkeeping, home healthcare, and nonprofit office operations.
Key Highlights
- Recently remodeled office unit at 136 Main Street
- Private restroom added as part of the updates
- Dedicated private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,430
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,600
$148.6K
Cap Rate 7%
$106,143
$106.1K
Cap Rate 9%
$82,556
$82.6K
Market Conditions
NOI Build-Up for 588 SF
Gross rent
$12.7K $21.60/SF
− Vacancy
−$2.8K −$4.75/SF
EGI
$9.9K $16.85/SF
− OpEx
−$2.5K −$4.21/SF
NOI
$7.4K $12.64/SF
Area
Otsego County, NY
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,600
Cap Rate 7%
$106,143
Cap Rate 9%
$82,556
Alternative Uses
Best Use
Office B
$106.1K
$92.9K – $123.8K
NOI $7,430 @ 7.0% cap · market cap 743.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$162.1K
$141.8K – $189.1K
NOI $11,346 @ 7.0% cap · market cap 1,134.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 13808, NY
1,583
Population
751
Households
2.1
Avg Household Size
50
Median Age
37%
College-Educated
91%
High-School Grad
36.7 sq mi
ZIP Area
43
Density / Sq Mi
$60,682
Median Household Income
$37,760
Median Earnings
$673
Median Rent
$157,000
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Updated professional space with a private entrance, restroom, and separate egress door on Main Street.
Where is this office units located?
The property is located at 136 Main Street Morris, NY.
What are key features of this property?
This property features: Recently remodeled office unit at 136 Main Street; Private restroom added as part of the updates; Dedicated private entrance
