Building Details

Building Size 9,000 SF

Year Built 1993

Buildings 3

Stories 1

Listing Agency: Chapin Real Estate

Listed By: Douglas Rusch Show Phone

Source: Elliman

Added: Sep 18 Changed: Nov 1 Last Checked: Nov 3 at 7:35AM

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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.

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 / Yr

$116,342

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,326,840 $2.3M

Cap Rate 7%

$1,662,029 $1.7M

Cap Rate 9%

$1,292,689 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,000 SF

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 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 (±1% cap)

NOI $202,832 @ 7.0% cap · market cap 12.68%

Second Best

Retail

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,342 @ 7.0% cap · market cap 7.27%

Theoretical Best

Industrial

$3.02M

$2.64M – $3.53M (±1% cap)

NOI $211,582 @ 7.0% cap · market cap 13.22%

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

Property Analytics

Current Use

Showrooms

Suggested Use

Top Pick Electrical Service Building Supply Veterinary Clinic Grocery & Convenience Store Pet Store & Service Food Market

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

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

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?

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