Remodeled Office Building with
44 HERKIMER RD Utica, NY 13502
For Sale
$249,900
Remodeled two-floor office building with furnished units and a one-bedroom apartment on the second level.
Property Size2,236 SF
Price / SF$111.76
Days on Market237
Property Features for 44 HERKIMER RD
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing Agency:
(315) 525-7600
Listed By:
Coldwell Banker Faith Properties
(315) 525-7600
Source:
Xome
Added: Nov 29, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:08AM
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 Coldwell Banker Faith Properties
Investment Insights
Based on property information with market context.
This remodeled, multi-use office building was converted from a dental office into versatile office space across two floors. Furniture on both floors will remain, providing a convenient, move-in-ready setup. The second floor includes a one-bedroom apartment, adding residential income potential to the property’s commercial layout.
Located at 44 Herkimer Rd, Utica, NY 13502, the building sits in a busy commercial area near the North Utica Shopping Center, Aldi, and Byrne Dairy.
The property offers flexible configuration for office use while maintaining a separate residential component on the upper level, making it suitable for owners or occupants looking for both workspace and living or rental space within the same building.
Located at 44 Herkimer Rd, Utica, NY 13502, the building sits in a busy commercial area near the North Utica Shopping Center, Aldi, and Byrne Dairy.
The property offers flexible configuration for office use while maintaining a separate residential component on the upper level, making it suitable for owners or occupants looking for both workspace and living or rental space within the same building.
Key Highlights
- Remodeled two‑floor office building converted from a dental office into versatile office space
- Second floor includes a one‑bedroom apartment
- Furnished units on both floors will remain
Financial Insights For Apartment 5plus
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 | $36.2k | $16.20 |
| − Vacancy | −$2.4k | −$1.06 |
| EGI | $33.8k | $15.14 |
| − OpEx | −$15.2k | −$6.81 |
| NOI | $18.6k | $8.32 |
2,236 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%
Alternative Uses
Best Use
Office B
$402.5K
$352.2K – $469.6K
NOI $28,174 @ 7.0% cap · market cap 11.27%
Second Best
Apartment 5plus
$265.9K
$232.7K – $310.2K
NOI $18,614 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$589.2K
$515.6K – $687.4K
NOI $41,246 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Benincasa Bridget
Dental Office
Thomas James w ...
Dental Office
FAQs
What type of property is this?
Office building - Remodeled two-floor office building with furnished units and a one-bedroom apartment on the second level.
Where is this office building located?
The property is located at 44 HERKIMER RD Utica, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Remodeled two‑floor office building converted from a dental office into versatile office space; Second floor includes a one‑bedroom apartment; Furnished units on both floors will remain
