Building Details

Building Size 11,340 SF

Listing Agency: Matthews Real Estate Investment Services - Orange County

Listed By: Conrad Sarreal · License #01982875 (CA) Show Phone

Source: Matthews

Added: Aug 10 Changed: Sep 14 Last Checked: Oct 11 at 2:58AM

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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 Matthews Real Estate Investment Services - Orange County

Investment Insights

Based on property information with market context.

This 11,340-square-foot retail property is associated with Kinney Pharmacy, a tenant with a history spanning approximately a century. The asset is identified as a drug store and retail property, offering a focused commercial profile for pharmacy-oriented occupancy.

The property is located at 20 Forgham St in Lyons, New York 14489.

Key Highlights

• 11,340‑square‑foot retail property
• Associated with Kinney Pharmacy
• Tenant history spanning approximately a century

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$150,571

Cap Rate

4.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,011,420 $3.0M

Cap Rate 7%

$2,151,014 $2.2M

Cap Rate 9%

$1,673,011 $1.7M

Market Conditions

NOI Build-Up for 11,340 SF

Gross rent

$209.6K $18.48/SF

− Vacancy

−$8.8K −$0.78/SF

EGI

$200.8K $17.70/SF

− OpEx

−$50.2K −$4.43/SF

NOI

$150.6K $13.28/SF

Area

Wayne County, NY

Vacancy

4.20%

Lease Rate

$18.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,011,420

Cap Rate 7%

$2,151,014

Cap Rate 9%

$1,673,011

Alternative Uses

Best Use

Specialty Retail

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,571 @ 7.0% cap · market cap 4.66%

Second Best

Retail

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,069 @ 7.0% cap · market cap 3.53%

Theoretical Best

Office A

$3.05M

$2.67M – $3.56M (±1% cap)

NOI $213,836 @ 7.0% cap · market cap 6.62%

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

Property Analytics

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Current Use

Jessica A. Kulis, PharmD Pharmacy Castle Amy E Pharmacy Western Union Bank Kinney Drugs Pharmacy Kinney Drugs Pharmacy Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Law Firm Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

340

Businesses Nearby

52k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 38% Shops & Services 36% Groceries 27%

McDonald's Dining

16,816 visits/mo 0.2 miles

Aldi Groceries

13,917 visits/mo 0.4 miles

Kwik Fill Shops & Services

8,422 visits/mo 0.2 miles

Dollar General Shops & Services

7,734 visits/mo 0.1 miles

SUBWAY Dining

3,048 visits/mo 0.2 miles

Demographics for 14489, NY

7,347

Population

3,065

Households

2.4

Avg Household Size

44

Median Age

19%

College-Educated

83%

High-School Grad

69.6 sq mi

ZIP Area

106

Density / Sq Mi

$67,169

Median Household Income

$36,415

Median Earnings

$966

Median Rent

$101,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Jessica A. Kulis, PharmD — 20 Forgham St, Lyons, NY 14489
• Castle Amy E — 20 Forgham St, Lyons, NY 14489
• Kinney Drugs Pharmacy — 20 Forgham St, Lyons, NY 14489
• Dobbins Drugs — 52 William St, Lyons, NY 14489

Frequently Asked Questions

What type of property is this?

Drug store - Retail property associated with Kinney Pharmacy and a long-established tenant presence.

Where is this drug store located?

The property is located at 20 Forgham Street Lyons, NY.

What is the asking price?

The asking price for this property is $3,228,731.

What are key features of this property?

This property features: 11,340‑square‑foot retail property; Associated with Kinney Pharmacy; Tenant history spanning approximately a century