Office Unit with Private
For Sale
Contact for pricing
2 Lakes Road Suite #8, Monroe, NY 10950
The second-floor workspace is near restaurants and transportation in Monroe.
Property Size9,830 SF
Price / SF$0.12
Days on Market29
Property Features for 2 Lakes Road Suite #8
General Information
Standard status
Active
Size
9,830 SF
Property subtype
Office
Additional Details
Floor
2
Property Use
Office
Amenities
semi-private entrance
Listing Agency:
Orange NY Homes
(800) 294-7967
Listed By:
James E Ferraro · License #10491207105
(845) 381-9189
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Nov 5
Last Checked: Nov 5 at 9:07AM
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 Orange NY Homes
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Investment Insights
Based on property information with market context.
This 9,830-square-foot office unit occupies the second floor and has a semi-private entrance. It is located at 2 Lakes Road, Suite 8, in Monroe, New York.
Restaurants and transportation are close to the property, placing everyday services and travel options within the surrounding area.
Restaurants and transportation are close to the property, placing everyday services and travel options within the surrounding area.
Key Highlights
- 9,830‑square‑foot office unit
- Second‑floor space with a semi‑private entrance
- At 2 Lakes Road, Suite 8, Monroe, NY 10950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,483
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,660
$3.3M
Cap Rate 7%
$2,349,757
$2.3M
Cap Rate 9%
$1,827,589
$1.8M
Market Conditions
NOI Build-Up for 9,830 SF
Gross rent
$264.2K $26.88/SF
− Vacancy
−$44.9K −$4.57/SF
EGI
$219.3K $22.31/SF
− OpEx
−$54.8K −$5.58/SF
NOI
$164.5K $16.73/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$26.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,660
Cap Rate 7%
$2,349,757
Cap Rate 9%
$1,827,589
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.74M
NOI $164,483 @ 7.0% cap · market cap 13,706.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $233,051 @ 7.0% cap · market cap 19,420.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Orange County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor workspace is near restaurants and transportation in Monroe.
Where is this office unit located?
The property is located at 2 Lakes Road Suite #8 Monroe, NY.
What are key features of this property?
This property features: 9,830‑square‑foot office unit; Second‑floor space with a semi‑private entrance; At 2 Lakes Road, Suite 8, Monroe, NY 10950
