Building Details

Year Built 1920

Listing Agency: Keller Williams Upstate NY Properties k***@kw.com Show Phone

Listed By: Joy Giannicchi · License #10401376334 Show Phone

Source: Prestigefamilyrealty

Added: Oct 16 Changed: Nov 1 Last Checked: Nov 1 at 1:41AM

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Investment Insights

Based on property information with market context.

This 1,000-square-foot mixed-use property in Hamden has two large rooms, a private bathroom, and a kitchenette. A wood stove serves the interior, while two sets of double French doors open onto a deck. The building dates to 1920, and the property is described as having multi-use zoning. The space has been identified as suitable for offices, retail, creative studios, wellness services, and specialty shops.

On-street parking is available beside the property. Nearby businesses include a bar and restaurant, a general store, and a tattoo shop. The address is 35813 State Highway 10, Hamden, NY 13782.

Key Highlights

• 1,000 square feet with two large rooms
• Private bathroom and kitchenette
• Wood stove in the interior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,660

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,200 $193.2K

Cap Rate 7%

$138,000 $138.0K

Cap Rate 9%

$107,333 $107.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$16.8K $16.80/SF

− Vacancy

−$1.3K −$1.34/SF

EGI

$15.5K $15.46/SF

− OpEx

−$5.8K −$5.80/SF

NOI

$9.7K $9.66/SF

Area

Delaware County, NY

Vacancy

8.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,200

Cap Rate 7%

$138,000

Cap Rate 9%

$107,333

Alternative Uses

Best Use

Retail

$241.4K

$211.2K – $281.7K (±1% cap)

NOI $16,899 @ 7.0% cap · market cap 1,877.67%

Second Best

Mixed Use

$138.0K

$120.8K – $161.0K (±1% cap)

NOI $9,660 @ 7.0% cap · market cap 1,073.33%

Theoretical Best

Office A

$490.6K

$429.3K – $572.4K (±1% cap)

NOI $34,344 @ 7.0% cap · market cap 3,816.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Butcher Grocery & Convenience Store Food Market Spa & Massage Center Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Explore this area Business Placement

Demographics for 13782, NY

642

Population

643

Households

1

Avg Household Size

52

Median Age

25%

College-Educated

86%

High-School Grad

35.9 sq mi

ZIP Area

18

Density / Sq Mi

$51,719

Median Household Income

$35,417

Median Earnings

$873

Median Rent

$237,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A two-room layout includes a kitchenette, private bathroom, wood stove, and outdoor deck.

Where is this mixed-use property located?

The property is located at 35813 State Highway 10 Hamden, NY.

What are key features of this property?

This property features: 1,000 square feet with two large rooms; Private bathroom and kitchenette; Wood stove in the interior