44 State Route 28N, Johnsburg, NY 12853

Building Details

Year Built 1950 More

Buildings 1 More

Listing Agency: Hunt ERA

Listed By: Travis Scarincio · License #10401304815 Show Phone

Source: Capmarkrealty

Added: Oct 24 Changed: Nov 6 Last Checked: Nov 6 at 2:03PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The 2,675-square-foot commercial storefront was built in 1950 and was previously arranged for laundromat use. Improvements include a replacement roof, heating systems and overhead door, along with updated electrical service. The property also has on-site parking and a view of a ski lift.

Located at 44 State Route 28N in Johnsburg, the 2.5-acre parcel has North Creek along its rear boundary. Gore Mountain, Tannery Pond Community Center, the Hudson River and North Creek’s business district are described as minutes away.

Key Highlights

• 2,675‑square‑foot commercial storefront on 2.5 acres
• Previously configured for laundromat use
• New heating systems, roof and overhead door; updated electrical

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,841

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,820 $516.8K

Cap Rate 7%

$369,157 $369.2K

Cap Rate 9%

$287,122 $287.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,675 SF

Gross rent

$40.1K $15.00/SF

− Vacancy

−$3.2K −$1.20/SF

EGI

$36.9K $13.80/SF

− OpEx

−$11.1K −$4.14/SF

NOI

$25.8K $9.66/SF

Area

Warren County, NY

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,820

Cap Rate 7%

$369,157

Cap Rate 9%

$287,122

Alternative Uses

Best Use

Retail

$369.2K

$323.0K – $430.7K (±1% cap)

NOI $25,841 @ 7.0% cap · market cap 8.62%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$800.7K

$700.6K – $934.1K (±1% cap)

NOI $56,047 @ 7.0% cap · market cap 18.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Computer & Electronic Repair Nail Salon Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

7k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 100%

Tops Friendly Markets Groceries

7,442 visits/mo 0.3 miles

Demographics for 12853, NY

1,489

Population

1,070

Households

1.4

Avg Household Size

54

Median Age

22%

College-Educated

88%

High-School Grad

79.9 sq mi

ZIP Area

19

Density / Sq Mi

$58,850

Median Household Income

$32,264

Median Earnings

$938

Median Rent

$199,000

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Warren County, NY

$159 Jul

$191 Aug

$180 Sep

$172 Oct

Properties on Market for Storefront properties in Warren County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A former laundromat on a 2.5-acre commercial parcel includes updated building systems and ample parking.

Where is this storefront property located?

The property is located at 44 State Route 28N Johnsburg, NY.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 2,675‑square‑foot commercial storefront on 2.5 acres; Previously configured for laundromat use; New heating systems, roof and overhead door; updated electrical