Steel Storage
For Sale
$75,000
Pending
159 Ferguson Dr, Hilton, NY 14468
Steel storage building with a concrete floor, overhead doors, and utility service available for connection.
Property Size864 SF
Days on Market13
Property Features for 159 Ferguson Dr
General Information
Standard status
Pending
Size
864 SF
Property subtype
Land
Warehouse & Industrial
Warehouse Space
864 SF
Heavy Power
No
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,699
Building Details
Year Built
2012
Buildings
1
Construction
steel
Listing Agency:
Collichio Builders Inc.
(585) 748-7480
Listed By:
Karen M Collichio
(585) 748-7480
Source:
Exprealty
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 7:38AM
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 Collichio Builders Inc.
Investment Insights
Based on property information with market context.
The property includes a 36x24 steel storage structure completed in 2012. Interior features include a concrete floor, two 10x8 overhead doors, and a separate man-door. The building currently has no power connection and has minor roof damage near the man-door.
Water, gas, electric, cable, and sewer are available at the property. Sewer service is provided through the new Lakefront Sewer District and uses an EF1 pump station; connection must be completed by an approved contractor. The lot has Town of Parma Planning Board approval and the required documents. The property is outside the flood zone and is located at 159 Ferguson Dr in Hilton, NY.
Water, gas, electric, cable, and sewer are available at the property. Sewer service is provided through the new Lakefront Sewer District and uses an EF1 pump station; connection must be completed by an approved contractor. The lot has Town of Parma Planning Board approval and the required documents. The property is outside the flood zone and is located at 159 Ferguson Dr in Hilton, NY.
Key Highlights
- 36x24 steel storage structure built in 2012
- Two 10x8 overhead doors plus a separate man‑door
- Concrete floor throughout the structure
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
$4,834
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
6.45%
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%
$96,680
$96.7K
Cap Rate 7%
$69,057
$69.1K
Cap Rate 9%
$53,711
$53.7K
Market Conditions
NOI Build-Up for 864 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
$5.9K $6.82/SF
− Vacancy
−$205 −$0.24/SF
EGI
$5.7K $6.58/SF
− OpEx
−$853 −$0.99/SF
NOI
$4.8K $5.60/SF
Area
Monroe County, NY
Vacancy
3.48%
Lease Rate
$6.82 /SF/Yr
Expense Ratio
15.00%
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%
$96,680
Cap Rate 7%
$69,057
Cap Rate 9%
$53,711
Alternative Uses
Best Use
Warehouse
$69.1K
$60.4K – $80.6K
NOI $4,834 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$165.9K
$145.1K – $193.5K
NOI $11,610 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14468, NY
19,174
Population
7,245
Households
2.6
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
52.6 sq mi
ZIP Area
365
Density / Sq Mi
$97,476
Median Household Income
$50,399
Median Earnings
$1,160
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Steel storage building with a concrete floor, overhead doors, and utility service available for connection.
Where is this warehouse located?
The property is located at 159 Ferguson Dr Hilton, NY.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 36x24 steel storage structure built in 2012; Two 10x8 overhead doors plus a separate man‑door; Concrete floor throughout the structure
