3161 Union St, North Chili, NY
Well-located office building with long-standing tenant and value-add opportunity.
- Added:
- Oct 31, 2023
- Days on Market:
- 955
- Last Refresh:
- May 19 at 9:57 pm
Property Features for 3161 Union St
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Lot size
- 1.03 Acres
- Property subtype
- OFFICE
Listing agent Stephen Moore
Listing office Moore Corporate Real Estate (585) 546-4170
Listing date Oct 31, 2023
Source Moodyscre
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 Moore Corporate Real Estate
HighLights
- Well‑located professional office building
- Long standing major tenant
- Opportunity for value‑add
- Separate utilities
- Gross plus utilities lease structure
Overview
Local 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 | $123.6k | $14.04 |
| − Vacancy | −$35.2k | −$4.00 |
| EGI | $88.3k | $10.04 |
| − OpEx | −$22.1k | −$2.51 |
| NOI | $66.2k | $7.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Chili
- County
- Monroe
- State
- New York
- Longitude
- -77.8073
- Latitude
- 43.1222
