Renovated Office
For Sale
Contact for pricing
414 Carroll St #1, Elmira, NY 14901
Private workspace with shared amenities, a separate exterior entry, and common-lot parking.
Property Size139 SF
Price / SF$1.36
Days on Market49
Property Features for 414 Carroll St #1
General Information
Standard status
Active
Size
139 SF
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Jeremy Drake · License #10401361665
(607) 207-7611
Source:
Nicholcityrealty
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 4 at 12:46PM
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 Signature Properties
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Investment Insights
Based on property information with market context.
This office unit provides a dedicated workspace within a renovated commercial setting. The suite includes access to a common area, a full kitchen, and a half bath, supporting day-to-day office use without relying solely on shared building facilities.
A separate exterior entrance provides direct access to the unit. Off-street parking is available in the common lot, and the property is situated within Elmira’s Central Business District at 414 Carroll St #1.
A separate exterior entrance provides direct access to the unit. Off-street parking is available in the common lot, and the property is situated within Elmira’s Central Business District at 414 Carroll St #1.
Key Highlights
- Single office unit in Elmira’s Central Business District
- Renovated commercial space with common area access
- Full kitchen and half bath included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,321
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,420
$26.4K
Cap Rate 7%
$18,871
$18.9K
Cap Rate 9%
$14,678
$14.7K
Market Conditions
NOI Build-Up for 139 SF
Gross rent
$2.0K $14.40/SF
− Vacancy
−$240 −$1.73/SF
EGI
$1.8K $12.67/SF
− OpEx
−$440 −$3.17/SF
NOI
$1.3K $9.50/SF
Area
Chemung County, NY
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,420
Cap Rate 7%
$18,871
Cap Rate 9%
$14,678
Alternative Uses
Best Use
Office B
$18.9K
$16.5K – $22.0K
NOI $1,321 @ 7.0% cap · market cap 698.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,573 @ 7.0% cap · market cap 46,864.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
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Business Placement
Demographics for 14901, NY
14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Private workspace with shared amenities, a separate exterior entry, and common-lot parking.
Where is this office unit located?
The property is located at 414 Carroll St #1 Elmira, NY.
What are key features of this property?
This property features: Single office unit in Elmira’s Central Business District; Renovated commercial space with common area access; Full kitchen and half bath included
