Monticello Retail/Warehouse
For Sale
$1,295,000
184-186 E Broadway, Monticello, NY 12701
Spacious retail/warehouse property with high visibility and ample parking.
Property Size9,444 SF
Lot Size1.00 Acre
Price / SF$137.12
Days on Market730
Property Features for 184-186 E Broadway
General Information
Standard status
Active
Size
9,444 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Building Details
Year Built
1972
Listing Agency:
Malek Properties
(845) 583-6333
Listed By:
Carol Malek · License #31MA1121533
(845) 583-6333
Source:
Exitrealty
Added: Aug 1, 2024
Changed: Jul 6
Last Checked: Jul 31 at 3:40AM
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 Malek Properties
Investment Insights
Based on property information with market context.
This property, located in a busy area of Monticello, offers substantial space and extensive parking. Currently used as a furniture retail store and warehouse, the property has previously served as an auction house, used car sales lot, and tire business. It comprises two connected buildings with three-phase electric. One building, a Morton building with a pitched roof, was constructed in 1980. The other is a block building with a flat roof that was replaced in 2012, and was built in 1972. Stairs lead to a loft space, adding significant square footage on the second story. An additional unit, connected to the larger building, features a separate entrance and a second story. A large cold storage area at the back provides further storage capacity. Ceiling heights reach 18+/- feet in one section and exceed 20 feet in another. The property benefits from high visibility and easy highway access, and is visible from NYS Route 17 (Interstate-86). The property offers many possible uses.
Key Highlights
- High visibility location with easy highway access from NYS Route 17 (Interstate‑86).
- Two separate buildings connected with three‑phase electric, suitable for various business uses.
- Ample parking space in a busy area.
Financial Insights For Retail
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 | $170.0k | $18.00 |
| − Vacancy | −$7.1k | −$0.76 |
| EGI | $162.9k | $17.24 |
| − OpEx | −$48.9k | −$5.17 |
| NOI | $114.0k | $12.07 |
9,444 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,997 @ 7.0% cap · market cap 8.80%
Second Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,063 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,325 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
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?
Retail space - Spacious retail/warehouse property with high visibility and ample parking.
Where is this retail space located?
The property is located at 184-186 E Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: High visibility location with easy highway access from NYS Route 17 (Interstate‑86).; Two separate buildings connected with three‑phase electric, suitable for various business uses.; Ample parking space in a busy area.
