Warehouse with Outdoor
For Sale
Contact for pricing
3493 Southside Road, Frankfort, NY 13340
Industrial/agricultural-zoned warehouse property with substantial exterior area for equipment, vehicles, and materials.
Property Size4,320 SF
Lot Size4.00 Acres
Price / SF$127.75
Days on Market57
Property Features for 3493 Southside Road
General Information
Standard status
Active
Size
4,320 SF
Total Parking Spaces
100
Lot size
4.00 Acres
Property subtype
Industrial, Mixed Use, Self Storage
Zoning
Industrial/Agricultural
Investment Type
Owner/User
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1997
Buildings
1
Units
1
Building Size
4,320 SF
Listing Agency:
Leone Real Estate
Listed By:
Joseph Leone · License #00000
Source:
Crexi
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 12 at 6:08PM
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 Leone Real Estate
Investment Insights
Based on property information with market context.
This warehouse property includes a commercial building constructed in 1997 and approximately 4 acres of land. The improvements provide warehouse and storage functionality, while the surrounding outdoor area can accommodate equipment, vehicles, and materials. The property’s configuration also supports a variety of commercial applications.
Located on Southside Road in Frankfort, the site carries Industrial/Agricultural zoning. Its combination of enclosed warehouse space and exterior area offers practical flexibility for storage-oriented operations and businesses requiring room beyond the building.
Located on Southside Road in Frankfort, the site carries Industrial/Agricultural zoning. Its combination of enclosed warehouse space and exterior area offers practical flexibility for storage-oriented operations and businesses requiring room beyond the building.
Key Highlights
- Approximately 4 acres of property
- Commercial warehouse and storage building
- Outdoor area for equipment, vehicles, and materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,211
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,220
$764.2K
Cap Rate 7%
$545,871
$545.9K
Cap Rate 9%
$424,567
$424.6K
Market Conditions
NOI Build-Up for 5,088 SF
Gross rent
$48.2K $9.48/SF
− Vacancy
−$3.3K −$0.64/SF
EGI
$45.0K $8.84/SF
− OpEx
−$6.7K −$1.33/SF
NOI
$38.2K $7.51/SF
Area
Herkimer County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,220
Cap Rate 7%
$545,871
Cap Rate 9%
$424,567
Alternative Uses
Best Use
Flex RnD
$938.9K
$821.5K – $1.10M
NOI $65,721 @ 7.0% cap · market cap 10.11%
Second Best
Warehouse
$545.9K
$477.6K – $636.9K
NOI $38,211 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,010 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13340, NY
7,652
Population
3,427
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
127
Density / Sq Mi
$69,928
Median Household Income
$44,464
Median Earnings
$872
Median Rent
$143,900
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial/agricultural-zoned warehouse property with substantial exterior area for equipment, vehicles, and materials.
Where is this warehouse located?
The property is located at 3493 Southside Road Frankfort, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 4 acres of property; Commercial warehouse and storage building; Outdoor area for equipment, vehicles, and materials
