Building Details

Year Built 2010

Listing Agency: Brannock Properties LLC

Listed By: James Wells Show Phone

Source: Signatureonerealtygroup

Added: Jul 13 Changed: Oct 25 Last Checked: Oct 24 at 9:12PM

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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 Brannock Properties LLC

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Investment Insights

Based on property information with market context.

This off-lake marina property in Hague, New York, provides 65 boat storage spots along with a 28 x 28 garage area and crane lift. A double-wide structure with an attached garage adds enclosed space that can serve as living quarters or rental space.

The property is located within 1/4 mile of a free boat launch, providing convenient access for boat storage users. Built in 2010, the property carries mixed zoning and combines storage, lifting, garage, and residential-style improvements in one operating location.

Key Highlights

• 65 boat storage spots
• Within 1/4 mile of a free boat launch
• 28 x 28 garage space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,374

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$187,480 $187.5K

Cap Rate 7%

$133,914 $133.9K

Cap Rate 9%

$104,156 $104.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$14.4K $14.40/SF

− Vacancy

−$1.0K −$1.01/SF

EGI

$13.4K $13.39/SF

− OpEx

−$4.0K −$4.02/SF

NOI

$9.4K $9.37/SF

Area

Warren County, NY

Vacancy

7.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$187,480

Cap Rate 7%

$133,914

Cap Rate 9%

$104,156

Alternative Uses

Best Use

Self Storage

$133.9K

$117.2K – $156.2K (±1% cap)

NOI $9,374 @ 7.0% cap · market cap 3.13%

Second Best

Warehouse

$107.3K

$93.9K – $125.2K (±1% cap)

NOI $7,510 @ 7.0% cap · market cap 2.50%

Theoretical Best

Office A

$299.3K

$261.9K – $349.2K (±1% cap)

NOI $20,952 @ 7.0% cap · market cap 6.99%

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

Property Analytics

Current Use

Marinas

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 12836, NY

528

Population

729

Households

0.7

Avg Household Size

61

Median Age

33%

College-Educated

93%

High-School Grad

43.5 sq mi

ZIP Area

12

Density / Sq Mi

$81,875

Median Household Income

$46,172

Median Earnings

$592

Median Rent

$350,000

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

Frequently Asked Questions

What type of property is this?

Marina - Mixed zoning, a crane lift, and nearby boat-launch access support marina storage operations.

Where is this marina located?

The property is located at 25/26 Sunset Hill Hague, NY.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 65 boat storage spots; Within 1/4 mile of a free boat launch; 28 x 28 garage space