Farm and Warehouse
41 Bierstine Ln Pine Island, NY 10969
41 Bierstine Ln, Pine Island, NY, 10969
$1,399,000
For Sale
$1,399,000
31+ acres with multiple buildings, including a steel warehouse and insulated office building.
Property Size11,014 SF
Lot Size31.00 Acres
Price / SF$127.02
Days on Market86
Property Features for 41 Bierstine Ln
General Information
- Standard status
- Active
- Size
- 11,014 SF
- Lot size
- 31.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
Century 21 Geba Realty
(845) 856-6629
Listed by
Donna M Geba · License #31GE0748279
(845) 856-6629
Source
Elliman
Added: Apr 28 Updated: Jul 22 at 1:17PM Checked: Jul 22 at 1:17PM
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 Geba Realty
Investment Insights
Based on property information with market context.
This versatile farm and warehouse property includes 31+ acres of agricultural land in Pine Island, NY, with a total of approximately 11,014 SF across three buildings. A large steel warehouse built in 1970 features 4 overhead garage doors and an 18’ ceiling height, along with 2 wells and newer electric. Also on site is a 1,008 SF office building from 1960 with insulation and electric baseboard heat, providing three rooms and a full bathroom. The third building is a 4,800 SF farm worker residential structure with multiple outfitted units, plus additional units that are partially done or need renovation, for a total of up to 7 units.
The property is level and includes a pond that may support irrigation or aquatic farming, along with approximately 20 acres described as black dirt. Improvements noted include a newer metal roof, newer siding, and newer windows.
With on-site water sources and a functional mix of warehouse, office, and residential space, the site is configured to support a wide range of multi-use operations within the parcel.
The property is level and includes a pond that may support irrigation or aquatic farming, along with approximately 20 acres described as black dirt. Improvements noted include a newer metal roof, newer siding, and newer windows.
With on-site water sources and a functional mix of warehouse, office, and residential space, the site is configured to support a wide range of multi-use operations within the parcel.
Key Highlights
- 31+ acres of agricultural land in Pine Island, Black Dirt County (approx. 20 acres of black dirt) with level terrain
- Total 11,014 SF across 3 buildings, including a 5,206 SF large steel warehouse (1970) with 4 overhead garage doors and 18' ceiling height
- Warehouse includes 2 wells and new electric; newer metal roof, newer siding, and newer windows
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.6k | $14.04 |
| − Vacancy | −$26.3k | −$2.39 |
| EGI | $128.3k | $11.65 |
| − OpEx | −$19.3k | −$1.75 |
| NOI | $109.1k | $9.91 |
11,014 SF · lease $14.04/SF/yr · vacancy 17.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.56M
$1.36M – $1.82M
NOI $109,096 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,122 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - 31+ acres with multiple buildings, including a steel warehouse and insulated office building.
Where is this agricultural land / farmland located?
The property is located at 41 Bierstine Ln Pine Island, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 31+ acres of agricultural land in Pine Island, Black Dirt County (approx. 20 acres of black dirt) with level terrain; Total 11,014 SF across 3 buildings, including a 5,206 SF large steel warehouse (1970) with 4 overhead garage doors and 18' ceiling height; Warehouse includes 2 wells and new electric; newer metal roof, newer siding, and newer windows
