Flex Space with On-Site
359 Trombly Lane, Chazy, NY 12921
For Sale
$219,000
A 3,024-square-foot facility has electricity and multiple heating sources.
Property Size3,024 SF
Price / SF$72.42
Days on Market13
Property Features for 359 Trombly Lane
General Information
Standard status
Size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Utilities to Site
Automotive Uses
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
multiple heating sources
electricity
onsite plumbing
Listing Agency:
Century 21 The One
(518) 563-7350
Listed By:
Alec Currier · License #10401307273
(518) 534-4948
Source:
Exprealty
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 2:37PM
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 The One
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Investment Insights
Based on property information with market context.
This 3,024-square-foot flex space is currently used as a woodworking shop. The building has electricity, on-site plumbing, and multiple heating sources, providing basic infrastructure for its existing operation and other commercial or industrial applications.
The property is located at 359 Trombly Lane in Chazy, New York. A barndominium-style residential conversion is also identified as a possibility, subject to zoning and approvals.
The property is located at 359 Trombly Lane in Chazy, New York. A barndominium-style residential conversion is also identified as a possibility, subject to zoning and approvals.
Key Highlights
- 3,024‑square‑foot flex space currently used as a woodworking shop
- Electricity, on‑site plumbing, and multiple heating sources
- Residential conversion would require applicable zoning and approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,663
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,260
$373.3K
Cap Rate 7%
$266,614
$266.6K
Cap Rate 9%
$207,367
$207.4K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$28.7K $9.48/SF
− Vacancy
−$2.0K −$0.66/SF
EGI
$26.7K $8.82/SF
− OpEx
−$8.0K −$2.64/SF
NOI
$18.7K $6.17/SF
Area
Clinton County, NY
Vacancy
7.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,260
Cap Rate 7%
$266,614
Cap Rate 9%
$207,367
Alternative Uses
Best Use
Flex RnD
$564.1K
$493.6K – $658.1K
NOI $39,485 @ 7.0% cap · market cap 18.03%
Second Best
Industrial
$266.6K
$233.3K – $311.1K
NOI $18,663 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$833.6K
$729.4K – $972.5K
NOI $58,351 @ 7.0% cap · market cap 26.64%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12921, NY
2,270
Population
1,313
Households
1.7
Avg Household Size
44
Median Age
31%
College-Educated
95%
High-School Grad
31.7 sq mi
ZIP Area
72
Density / Sq Mi
$100,500
Median Household Income
$59,405
Median Earnings
$968
Median Rent
$195,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A 3,024-square-foot facility has electricity and multiple heating sources.
Where is this flex space located?
The property is located at 359 Trombly Lane Chazy, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3,024‑square‑foot flex space currently used as a woodworking shop; Electricity, on‑site plumbing, and multiple heating sources; Residential conversion would require applicable zoning and approvals
