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 Market533
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: Sep 8
Last Checked: Sep 9 at 5:51AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
