Flex Property with
For Sale
$2,500,000
3120 Lexington Avenue, Mohegan Lake, NY 10547
A showroom and high-clearance warehouse provide distinct commercial spaces with loading access.
Property Size15,120 SF
Price / SF$165.34
Days on Market137
Property Features for 3120 Lexington Avenue
General Information
Standard status
Active
Size
15,120 SF
Property subtype
Commercial
Zoning
CC
Warehouse & Industrial
Clear Height
30 ft
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Mixed-Use Components
retail, warehouse
Taxes and HOA fees
Annual Taxes
$42,364
Building Details
Building Size
15,120 SF
Buildings
2
Stories
1
Listing Agency:
Coldwell Banker Realty
(914) 997-0097
Listed By:
Charles Whang · License #40WH1046960
(917) 297-0914
Source:
Croninreale
Added: Jun 10
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes two commercial buildings on a 1.4-acre parcel, along with a separate 1.35-acre undeveloped parcel. The approximately 7,500-square-foot showroom building has 12-foot ceilings. The warehouse offers 25- to 30-foot ceiling heights, a loading dock, and two grade-level doors. Recent building and site work included HVAC, a backup generator, bathrooms, flooring, overhead doors, roofing, and blacktop paving.
Zoned CC, the property includes on-site parking for 20 or more vehicles. Uses identified for the site include contractor office operations, indoor vehicle parking, sports training, and a cannabis grow facility.
Zoned CC, the property includes on-site parking for 20 or more vehicles. Uses identified for the site include contractor office operations, indoor vehicle parking, sports training, and a cannabis grow facility.
Key Highlights
- Two commercial buildings on a 1.4‑acre parcel, plus a separate 1.35‑acre undeveloped parcel
- Approximately 7,500 SF showroom with 12' ceilings
- Warehouse ceilings range from 25' to 30'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,324
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,566,480
$4.6M
Cap Rate 7%
$3,261,771
$3.3M
Cap Rate 9%
$2,536,933
$2.5M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$399.2K $26.40/SF
− Vacancy
−$47.9K −$3.17/SF
EGI
$351.3K $23.23/SF
− OpEx
−$122.9K −$8.13/SF
NOI
$228.3K $15.10/SF
Area
Westchester County, NY
Vacancy
12.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,566,480
Cap Rate 7%
$3,261,771
Cap Rate 9%
$2,536,933
Alternative Uses
Best Use
Retail
$4.57M
$4.00M – $5.33M
NOI $319,705 @ 7.0% cap · market cap 12.79%
Second Best
Warehouse
$3.31M
$2.90M – $3.86M
NOI $231,706 @ 7.0% cap · market cap 9.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
30 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10547, NY
7,293
Population
2,956
Households
2.5
Avg Household Size
44
Median Age
52%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
1,488
Density / Sq Mi
$155,295
Median Household Income
$69,058
Median Earnings
$2,363
Median Rent
$479,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A showroom and high-clearance warehouse provide distinct commercial spaces with loading access.
Where is this flex space located?
The property is located at 3120 Lexington Avenue Mohegan Lake, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two commercial buildings on a 1.4‑acre parcel, plus a separate 1.35‑acre undeveloped parcel; Approximately 7,500 SF showroom with 12' ceilings; Warehouse ceilings range from 25' to 30'
