218 S Caroline Street Herkimer, NY 13350
COMMERCIAL - Herkimer, NY
- Added:
- May 27, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 12 at 6:06 am
Property Features for 218 S Caroline Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- BlacktopDriveway
- Standard status
- Active
- APN
- 213001-120-032-0001-056-000-0000
- Size
- 6,696 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16739
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Roof type
- Membrane, Rubber
Listing agent Rebecca Smith License #10311200694 (315) 868-3098
Listing office Accent Brokerage, Inc. 28 W Main St, Mohawk, NY (315) 219-5990
Listing date May 27, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A warehouse space of approximately 1,665 square feet is accessed via an 11x11 overhead door. The property also includes a 200 Amp, 3-phase electric service with sub feeds.
The building is centrally located with access to the NYS Thruway and State Route 5 and 5S.
Key Highlights
- Retail/warehouse building built in 1983 with flexible floor plan in a high‑traffic area
- Retail space over 5,000 SF; can be split into two sides, including an approx. 1,064 SF smaller retail portion
- Smaller side has separate heat, lights, and water, plus half bath area; utilities separated for independent use
Local Financial Insights For Industrial
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 | $63.5k | $9.48 |
| − Vacancy | −$4.3k | −$0.64 |
| EGI | $59.2k | $8.84 |
| − OpEx | −$17.7k | −$2.65 |
| NOI | $41.4k | $6.18 |
