Renovated Office
For Sale
Contact for pricing
414 Carroll St #7, Elmira, NY 14901
Office unit with kitchen, half bath, private exterior access, and parking in a shared lot.
Property Size260 SF
Price / SF$1.38
Days on Market54
Property Features for 414 Carroll St #7
General Information
Standard status
Active
Size
260 SF
Amenities
common area
full kitchen
half bath
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Jeremy Drake · License #10401361665
(607) 207-7611
Source:
Nicholcityrealty
Added: Sep 13
Changed: Oct 26
Last Checked: Nov 4 at 1:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office unit at 414 Carroll St #7 includes a dedicated office area, common space, a full kitchen, and a half bath. The suite has its own exterior entrance, providing direct access separate from the common areas.
Off-street parking is available in a shared lot. The property is situated in downtown Elmira within the Central Business District, placing the office in an established commercial setting.
Off-street parking is available in a shared lot. The property is situated in downtown Elmira within the Central Business District, placing the office in an established commercial setting.
Key Highlights
- Renovated office unit at 414 Carroll St #7, Elmira City, NY 14901
- Full kitchen, half bath, and common area included
- Private exterior entrance for direct access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,471
Suggested Prices Based on Cap Rates
Cap Rate 5%
$49,420
$49.4K
Cap Rate 7%
$35,300
$35.3K
Cap Rate 9%
$27,456
$27.5K
Market Conditions
NOI Build-Up for 260 SF
Gross rent
$3.7K $14.40/SF
− Vacancy
−$449 −$1.73/SF
EGI
$3.3K $12.67/SF
− OpEx
−$824 −$3.17/SF
NOI
$2.5K $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%
$49,420
Cap Rate 7%
$35,300
Cap Rate 9%
$27,456
Alternative Uses
Best Use
Office B
$35.3K
$30.9K – $41.2K
NOI $2,471 @ 7.0% cap · market cap 688.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.37M
$2.07M – $2.76M
NOI $165,675 @ 7.0% cap · market cap 46,149.03%
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
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with kitchen, half bath, private exterior access, and parking in a shared lot.
Where is this office unit located?
The property is located at 414 Carroll St #7 Elmira, NY.
What are key features of this property?
This property features: Renovated office unit at 414 Carroll St #7, Elmira City, NY 14901; Full kitchen, half bath, and common area included; Private exterior entrance for direct access
