Showroom Property With Storage
New
For Sale
$1,600,000
2536 State Route 12b, Madison, NY 13346
Open showroom space is complemented by auxiliary pole barns and a fully paved site.
Property Size9,000 SF
Lot Size4.52 Acres
Days on Market2
Property Features for 2536 State Route 12b
General Information
Standard status
Active
Size
9,000 SF
Lot size
4.52 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,329
Building Details
Building Size
9,000 SF
Year Built
1993
Buildings
3
Stories
1
Listing Agency:
Chapin Real Estate
Listed By:
Douglas Rusch
(315) 439-0757
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 10:31AM
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 Chapin Real Estate
Investment Insights
Based on property information with market context.
Built in 1993, this showroom property includes 9,000 square feet of open main-building space that can be reconfigured for business requirements. Two additional pole barns provide storage, with dimensions of 20 x 40 and 40 x 60. The site includes two parcels totaling 4.52 acres and a completely paved area.
Located at 2536 State Route 12b in Madison, NY, the property has a Bike Score of 66, rated Bikeable, and a Walk Score of 53, rated Somewhat Walkable. The combination of showroom space, auxiliary storage buildings, and paved ground area supports a range of commercial layouts and operational needs.
Located at 2536 State Route 12b in Madison, NY, the property has a Bike Score of 66, rated Bikeable, and a Walk Score of 53, rated Somewhat Walkable. The combination of showroom space, auxiliary storage buildings, and paved ground area supports a range of commercial layouts and operational needs.
Key Highlights
- 9,000 square feet of open main showroom space
- Two parcels totaling 4.52 acres
- Two pole barns measuring 20 x 40 and 40 x 60
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,326,840
$2.3M
Cap Rate 7%
$1,662,029
$1.7M
Cap Rate 9%
$1,292,689
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$170.6K $18.96/SF
− Vacancy
−$4.4K −$0.49/SF
EGI
$166.2K $18.47/SF
− OpEx
−$49.9K −$5.54/SF
NOI
$116.3K $12.93/SF
Area
Madison County, NY
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,326,840
Cap Rate 7%
$1,662,029
Cap Rate 9%
$1,292,689
Alternative Uses
Best Use
Warehouse
$2.90M
$2.54M – $3.38M
NOI $202,832 @ 7.0% cap · market cap 12.68%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,342 @ 7.0% cap · market cap 7.27%
Theoretical Best
Industrial
$3.02M
$2.64M – $3.53M
NOI $211,582 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13346, NY
6,427
Population
2,261
Households
2.8
Avg Household Size
27
Median Age
46%
College-Educated
95%
High-School Grad
35.4 sq mi
ZIP Area
182
Density / Sq Mi
$65,391
Median Household Income
$10,719
Median Earnings
$1,099
Median Rent
$222,300
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?
Showroom - Open showroom space is complemented by auxiliary pole barns and a fully paved site.
Where is this showroom located?
The property is located at 2536 State Route 12b Madison, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 9,000 square feet of open main showroom space; Two parcels totaling 4.52 acres; Two pole barns measuring 20 x 40 and 40 x 60
