Flex Space with Multiple
For Sale
$300,000
6336 State Route 9, Chestertown, NY 12817
Multiple covered structures support storage, workshop, equipment, and vehicle needs.
Property Size3,775 SF
Lot Size1.60 Acres
Price / SF$79.47
Days on Market140
Property Features for 6336 State Route 9
General Information
Standard status
Active
Size
3,775 SF
Lot size
1.60 Acres
Taxes and HOA fees
Annual Taxes
$2,289
Listing Agency:
Hunt ERA
(215) 219-6769
Listed By:
Barbara Kearney · License #10301222510
(215) 219-6769
Source:
Exprealty
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 8:19PM
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 Hunt ERA
Investment Insights
Based on property information with market context.
This flex-space property includes a 3,775-square-foot main garage building, a detached 1,540-square-foot garage, and two additional canopies measuring 528 square feet and 70 square feet. The improvements provide a range of enclosed and covered areas for storage, workshop activities, equipment, vehicles, or materials.
The property encompasses 1.6 acres at 6336 State Route 9 in Chestertown, New York. Its in-town setting and direct State Route 9 address provide convenient access, while the site offers room for storage, expansion, or future reconfiguration. The combination of multiple structures and open land supports a variety of commercial, recreational, contractor, and hobbyist applications.
The property encompasses 1.6 acres at 6336 State Route 9 in Chestertown, New York. Its in-town setting and direct State Route 9 address provide convenient access, while the site offers room for storage, expansion, or future reconfiguration. The combination of multiple structures and open land supports a variety of commercial, recreational, contractor, and hobbyist applications.
Key Highlights
- 3,775 sq ft main garage building
- Detached 1,540 sq ft garage
- Two canopies measuring 528 sq ft and 70 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,940
$466.9K
Cap Rate 7%
$333,529
$333.5K
Cap Rate 9%
$259,411
$259.4K
Market Conditions
NOI Build-Up for 3,775 SF
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.
Gross rent
$35.8K $9.48/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$33.4K $8.84/SF
− OpEx
−$10.0K −$2.65/SF
NOI
$23.3K $6.18/SF
Area
Warren County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,940
Cap Rate 7%
$333,529
Cap Rate 9%
$259,411
Alternative Uses
Best Use
Flex RnD
$700.4K
$612.8K – $817.1K
NOI $49,026 @ 7.0% cap · market cap 16.34%
Second Best
Warehouse
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$1.13M
$988.7K – $1.32M
NOI $79,094 @ 7.0% cap · market cap 26.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12817, NY
2,142
Population
2,115
Households
1
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
42
Density / Sq Mi
$90,469
Median Household Income
$37,425
Median Earnings
$876
Median Rent
$304,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multiple covered structures support storage, workshop, equipment, and vehicle needs.
Where is this flex space located?
The property is located at 6336 State Route 9 Chestertown, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,775 sq ft main garage building; Detached 1,540 sq ft garage; Two canopies measuring 528 sq ft and 70 sq ft
