Flex Space With Four
For Sale
$799,900
3520 State Route 42, Monticello, NY 12701
Office areas on two levels and an insulated attic complement the building’s vehicle and equipment access.
Property Size3,400 SF
Lot Size1.25 Acres
Price / SF$235.26
Days on Market214
Property Features for 3520 State Route 42
General Information
Standard status
Active
Size
3,400 SF
Lot size
1.25 Acres
Property subtype
Commercial
Zoning
AR
Additional Details
Automotive Uses
auto repair, vehicle storage
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$4,750
Building Details
Building Size
3,400 SF
Buildings
1
Stories
2
Units
1
Construction
block
Listing Agency:
Century 21 Country Realty
Listed By:
Anna Milucky · License #10401364655
(845) 791-5280
Source:
Croninreale
Added: Mar 25
Changed: Oct 23
Last Checked: Oct 23 at 3:53PM
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 Century 21 Country Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The flex property has a block exterior, three bay doors across the main facade, and a fourth door on the side. Office space is arranged on the ground and second floors, with a fully insulated attic above. The 1.25-acre site is zoned AR.
Key Highlights
- 1.25‑acre lot zoned AR
- Four bay doors: three at the front and one on the side
- Office space on the ground and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,675
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,500
$933.5K
Cap Rate 7%
$666,786
$666.8K
Cap Rate 9%
$518,611
$518.6K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$81.6K $24.00/SF
− Vacancy
−$9.8K −$2.88/SF
EGI
$71.8K $21.12/SF
− OpEx
−$25.1K −$7.39/SF
NOI
$46.7K $13.73/SF
Area
Sullivan County, NY
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,500
Cap Rate 7%
$666,786
Cap Rate 9%
$518,611
Alternative Uses
Best Use
Flex RnD
$666.8K
$583.4K – $777.9K
NOI $46,675 @ 7.0% cap · market cap 5.84%
Second Best
Retail
$586.3K
$513.0K – $684.0K
NOI $41,041 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$932.6K
$816.0K – $1.09M
NOI $65,280 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
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 - Office areas on two levels and an insulated attic complement the building’s vehicle and equipment access.
Where is this flex space located?
The property is located at 3520 State Route 42 Monticello, NY.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 1.25‑acre lot zoned AR; Four bay doors: three at the front and one on the side; Office space on the ground and second floors
