Flex Space with Front
1392 State Route 176 Granby, NY 13069
For Sale
$150,000
Flex space with parking for about 20 cars, 3-phase power, and on-demand hot water.
Property Size1,750 SF
Price / SF$85.71
Days on Market99
Property Features for 1392 State Route 176
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Integrated Real Estate Ser LLC
(315) 254-3557
Listed By:
Alan Lathrop
(315) 254-3557
Source:
Xome
Added: Apr 17
Changed: Jul 23
Last Checked: Jul 24 at 5:03AM
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 Integrated Real Estate Ser LLC
Investment Insights
Based on property information with market context.
This flex space is equipped with 3-phase power and on-demand hot water. The roof and windows are described as like new, and there is parking for about 20 cars in front of the building. The property includes an outdoor area at the rear, which is currently overgrown with thimble berry bushes, along with two sheds.
Located just outside city limits on State Route 176, the property is positioned in a high-traffic area with nearby businesses and a school, with access to stores, a church, and other amenities.
The owner is also offering to hold paper with $45,000 down at 8% interest for five straight years with no balloon.
Located just outside city limits on State Route 176, the property is positioned in a high-traffic area with nearby businesses and a school, with access to stores, a church, and other amenities.
The owner is also offering to hold paper with $45,000 down at 8% interest for five straight years with no balloon.
Key Highlights
- Flex space with parking for about 20 cars on site
- 3‑phase power and on‑demand hot water
- Roof and windows reported as like new
Financial Insights For Industrial
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 | $16.6k | $9.48 |
| − Vacancy | −$1.1k | −$0.64 |
| EGI | $15.5k | $8.84 |
| − OpEx | −$4.6k | −$2.65 |
| NOI | $10.8k | $6.18 |
1,750 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 15.07%
Second Best
Industrial
$154.6K
$135.3K – $180.4K
NOI $10,823 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$349.1K
$305.4K – $407.2K
NOI $24,434 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex space with parking for about 20 cars, 3-phase power, and on-demand hot water.
Where is this flex space located?
The property is located at 1392 State Route 176 Granby, NY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Flex space with parking for about 20 cars on site; 3‑phase power and on‑demand hot water; Roof and windows reported as like new
