Mahopac Contractors Yard For
For Sale
Contact for pricing
16 Ernest Ln, Mahopac, NY 10541
Contractors yard with garage, residences, and outbuildings on 12+ acres.
Property Size4,800 SF
Lot Size12.00 Acres
Price / SF$281.25
Days on Market1940
Property Features for 16 Ernest Ln
General Information
Standard status
Active
Size
4,800 SF
Lot size
12.00 Acres
Property subtype
Special Purpose
Zoning
R
Occupancy
50%
Building Details
Year Built
1975
Buildings
3
Stories
2
Units
5
Listing Agency:
McGrath Realty Inc Hopewell Junction
Listed By:
Ryan McGrath · License #NY 10401313731
(845) 896-5444
Source:
Crexi
Added: May 15, 2021
Changed: Sep 2
Last Checked: Sep 2 at 12:24AM
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 McGrath Realty Inc Hopewell Junction
Investment Insights
Based on property information with market context.
This property in Mahopac features an existing contractors yard with garage buildings, two single-family residences, and additional outbuildings. The property spans over 12 acres and has a pre-existing legal use. It is currently rented to contractors on a month-to-month basis. The property includes 4,800 square feet of space.
Key Highlights
- 12+ acre property
- Existing contractors yard with pre‑existing legal use
- Garage buildings provide ample storage
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
$77,818
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
5.76%
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%
$1,556,360
$1.6M
Cap Rate 7%
$1,111,686
$1.1M
Cap Rate 9%
$864,644
$864.6K
Market Conditions
NOI Build-Up for 4,800 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
$115.2K $24.00/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$111.2K $23.16/SF
− OpEx
−$33.4K −$6.95/SF
NOI
$77.8K $16.21/SF
Area
Putnam County, NY
Vacancy
3.50%
Lease Rate
$24.00 /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%
$1,556,360
Cap Rate 7%
$1,111,686
Cap Rate 9%
$864,644
Alternative Uses
Best Use
Retail
$1.11M
$972.7K – $1.30M
NOI $77,818 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$973.6K
$851.9K – $1.14M
NOI $68,149 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,156 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 10541, NY
25,651
Population
9,614
Households
2.7
Avg Household Size
43
Median Age
43%
College-Educated
93%
High-School Grad
24.8 sq mi
ZIP Area
1,034
Density / Sq Mi
$133,929
Median Household Income
$58,450
Median Earnings
$1,967
Median Rent
$472,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Contractors yard with garage, residences, and outbuildings on 12+ acres.
Where is this commercial land located?
The property is located at 16 Ernest Ln Mahopac, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 12+ acre property; Existing contractors yard with pre‑existing legal use; Garage buildings provide ample storage
