Mixed-Use Investment Opportunity in
For Sale
$289,900
3749 Main Street, Warrensburg, NY 12885
Income-producing mixed-use property with retail and residential units.
Property Size2,376 SF
Price / SF$122.01
Days on Market156
Property Features for 3749 Main Street
General Information
Standard status
Active
Size
2,376 SF
Total Parking Spaces
1
Taxes and HOA fees
Annual Taxes
$3,320
Building Details
Buildings
1
Listing Agency:
New Scotland Realty
Listed By:
Michael Rizk · License #10401379639
(518) 810-7289
Source:
Capmarkrealty
Added: May 14
Changed: Oct 13
Last Checked: Oct 16 at 6:14AM
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 New Scotland Realty
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Investment Insights
Based on property information with market context.
This mixed-use property is located in a high-visibility, high-traffic area on the main road in Warrensburg, directly across from Dollar Tree. The property features a retail storefront currently operating as a smoke shop, and a residential apartment above. Both units are currently rented on month-to-month leases. The retail storefront is rented for $1,500 per month, and the residential apartment is also generating $1,500 per month. The property includes one parking space in the rear along with a garage. The property benefits from strong exposure in a busy commercial corridor. The property is currently operating as mixed use but is not formally zoned, presenting potential future opportunities. The property size is 2376 square feet.
Key Highlights
- High‑visibility location on the main road in Warrensburg.
- Income‑producing property with existing retail and residential tenants.
- Current total rental income of $3,000/month.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,952
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,040
$459.0K
Cap Rate 7%
$327,886
$327.9K
Cap Rate 9%
$255,022
$255.0K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$35.6K $15.00/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$32.8K $13.80/SF
− OpEx
−$9.8K −$4.14/SF
NOI
$23.0K $9.66/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,040
Cap Rate 7%
$327,886
Cap Rate 9%
$255,022
Alternative Uses
Best Use
Mixed Use
$421.6K
$368.9K – $491.8K
NOI $29,510 @ 7.0% cap · market cap 10.18%
Second Best
Retail
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$711.2K
$622.3K – $829.7K
NOI $49,782 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
Cumberland Farms
Shops & Services
8,389 visits/mo
0.3 miles
Dollar General
Shops & Services
7,352 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,798 visits/mo
0.4 miles
Sunoco
Shops & Services
2,282 visits/mo
0.1 miles
TD Bank
Shops & Services
1,955 visits/mo
0.5 miles
Demographics for 12885, NY
4,371
Population
2,724
Households
1.6
Avg Household Size
46
Median Age
17%
College-Educated
84%
High-School Grad
80.3 sq mi
ZIP Area
54
Density / Sq Mi
$65,454
Median Household Income
$49,245
Median Earnings
$1,042
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 3749 Main Street Warrensburg, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: High‑visibility location on the main road in Warrensburg.; Income‑producing property with existing retail and residential tenants.; Current total rental income of $3,000/month.
