Renovated Office
For Sale
Contact for pricing
414 Carroll St #4, Elmira, NY 14901
Renovated office unit with an exterior entrance, shared common area, kitchen, half bath, and common-lot parking.
Property Size134 SF
Price / SF$1.38
Days on Market56
Property Features for 414 Carroll St #4
General Information
Standard status
Active
Size
134 SF
Additional Details
Office Units
1
Amenities
common area
full kitchen
half bath
Building Details
Tenancy
Single
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Jeremy Drake · License #10401361665
(607) 207-7611
Source:
Nicholcityrealty
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 4 at 1:06PM
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 renovated office unit provides a compact professional workspace with its own exterior entrance. The property includes access to a common area, a full kitchen, and a half bath, supporting day-to-day office use without adding unsupported assumptions about layout or occupancy.
Off-street parking is available in a shared lot. The unit is located in Elmira’s Central Business District at 414 Carroll St #4.
Off-street parking is available in a shared lot. The unit is located in Elmira’s Central Business District at 414 Carroll St #4.
Key Highlights
- Renovated office unit
- Exterior entrance
- Common area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,480
$25.5K
Cap Rate 7%
$18,200
$18.2K
Cap Rate 9%
$14,156
$14.2K
Market Conditions
NOI Build-Up for 134 SF
Gross rent
$1.9K $14.40/SF
− Vacancy
−$232 −$1.73/SF
EGI
$1.7K $12.67/SF
− OpEx
−$425 −$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%
$25,480
Cap Rate 7%
$18,200
Cap Rate 9%
$14,156
Alternative Uses
Best Use
Office B
$18.2K
$15.9K – $21.2K
NOI $1,274 @ 7.0% cap · market cap 688.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,387 @ 7.0% cap · market cap 46,155.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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 - Renovated office unit with an exterior entrance, shared common area, kitchen, half bath, and common-lot parking.
Where is this office unit located?
The property is located at 414 Carroll St #4 Elmira, NY.
What are key features of this property?
This property features: Renovated office unit; Exterior entrance; Common area included
