Building Details

Year Built 1960

Listing Agency: Howard Hanna o***@howardhanna.com Show Phone

Listed By: Igor Valoshka · License #40VA1084613 Show Phone

Source: Prestigefamilyrealty

Added: Sep 16 Changed: Nov 1 Last Checked: Nov 1 at 1:48AM

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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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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1960 warehouse at 165 S Platt Street in Albion includes 34,344 square feet of property space. The building has 1,200 square feet of private office area with bathrooms, upgraded LED lighting, and ceiling heights ranging from 12 to 24 feet.

Loading access includes two docks and three drive-in doors, measuring 8x7, 10x12, and 10x14. The combination of warehouse area, office space, and multiple loading points defines the property’s physical configuration.

Key Highlights

• 34,344 square feet of property space
• Two loading docks and three drive‑in doors
• Drive‑in door sizes: 8x7, 10x12, and 10x14

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$425,345

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,506,900 $8.5M

Cap Rate 7%

$6,076,357 $6.1M

Cap Rate 9%

$4,726,056 $4.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 34,344 SF

Gross rent

$535.8K $15.60/SF

− Vacancy

−$35.4K −$1.03/SF

EGI

$500.4K $14.57/SF

− OpEx

−$75.1K −$2.19/SF

NOI

$425.3K $12.38/SF

Area

Orleans County, NY

Vacancy

6.60%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,506,900

Cap Rate 7%

$6,076,357

Cap Rate 9%

$4,726,056

Alternative Uses

Best Use

Warehouse

$6.08M

$5.32M – $7.09M (±1% cap)

NOI $425,345 @ 7.0% cap · market cap 14,178,166.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$9.41M

$8.23M – $10.98M (±1% cap)

NOI $658,581 @ 7.0% cap · market cap 21,952,700.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Helena Chemical Co Chemical Plant Dubby's Tailgate Restaurant LibertyX Bitcoin ATM Atm Sanmor Inc Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Electrical Service Skin Care Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24 ft

Clear height

2

Dock-high doors

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

427

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 14411, NY

13,334

Population

5,683

Households

2.3

Avg Household Size

41

Median Age

12%

College-Educated

85%

High-School Grad

112.7 sq mi

ZIP Area

118

Density / Sq Mi

$53,626

Median Household Income

$35,681

Median Earnings

$888

Median Rent

$108,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

• Crimson Heights Mini Storage — 345 Crimson Dr, Albion, NY 14411

Frequently Asked Questions

What type of property is this?

Warehouse - Private office space with bathrooms complements the warehouse’s substantial storage area.

Where is this warehouse located?

The property is located at 165 S Platt Street Albion, NY.

What are key features of this property?

This property features: 34,344 square feet of property space; Two loading docks and three drive‑in doors; Drive‑in door sizes: 8x7, 10x12, and 10x14