Office Building with Expansion
28 N MAIN ST Norfolk, NY 13667
For Sale
$395,000
Office building with ample parking, upgraded systems, and 200-amp electrical service, offered for sale or lease.
Property Size1,100 SF
Price / SF$359.09
Days on Market358
Property Features for 28 N MAIN ST
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1971
Listing Agency:
Yelle Realty, LLC
(315) 705-2400
Listed By:
Brittany Bush
Source:
Xome
Added: Aug 1, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:14PM
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 Yelle Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained office building is offered for sale or lease and includes a 200-amp electrical entrance. The property has been upgraded with a new roof, windows, insulation, and central air. The business has operated as an office for many years, and the space could also support other ventures.
The building is located on the main highway with ample parking and room to expand. The property is being surveyed, and 1.75 acres will come with the business. A separate parcel behind the building will be kept and will have road access.
Overall, the combination of upgrades, on-site parking, and additional accessible land makes the property a practical fit for operators seeking a ready-to-run facility with room for growth.
The building is located on the main highway with ample parking and room to expand. The property is being surveyed, and 1.75 acres will come with the business. A separate parcel behind the building will be kept and will have road access.
Overall, the combination of upgrades, on-site parking, and additional accessible land makes the property a practical fit for operators seeking a ready-to-run facility with room for growth.
Key Highlights
- Commercial office building for sale or lease with 8 parking spaces
- 200‑amp electrical entrance and central air (cooling) with heating system noted
- Upgrades include new roof, windows, and insulation
Financial Insights For Office B
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 | $24.8k | $22.56 |
| − Vacancy | −$5.6k | −$5.10 |
| EGI | $19.2k | $17.46 |
| − OpEx | −$4.8k | −$4.37 |
| NOI | $14.4k | $13.10 |
1,100 SF · lease $22.56/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.8K
$180.1K – $240.1K
NOI $14,406 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.9K
$238.8K – $318.4K
NOI $19,103 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harrison A Rogers Agency ...
Insurance Agency
FAQs
What type of property is this?
Office building - Office building with ample parking, upgraded systems, and 200-amp electrical service, offered for sale or lease.
Where is this office building located?
The property is located at 28 N MAIN ST Norfolk, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Commercial office building for sale or lease with 8 parking spaces; 200‑amp electrical entrance and central air (cooling) with heating system noted; Upgrades include new roof, windows, and insulation
