Retail Storefront with
New
For Sale
$245,000
8088 State Route 12, Barneveld, NY 13304
Flexible two-level commercial building with multiple rooms, on-site parking, signage visibility, and a rear accessible entrance.
Property Size1,520 SF
Price / SF$161.18
Days on Market7
Property Features for 8088 State Route 12
General Information
Standard status
Active
Size
1,520 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,496
Amenities
covered front porch
hardwood floors
handicap-accessible ramp
Building Details
Buildings
2
Stories
2
Tenancy
Single
Listing Agency:
Benn Realty-Main Office
(315) 831-5061
Listed By:
Natalie Roth · License #10491207624
(315) 240-3443
Source:
Exprealty
Added: Sep 2
Changed: Sep 7
Last Checked: Sep 8 at 7:22AM
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 Benn Realty-Main Office
Investment Insights
Based on property information with market context.
This commercial storefront is arranged across two levels, with five first-floor rooms, two half baths, hardwood flooring, and a covered front porch framed by stone columns. The upper level adds two rooms and a landing for storage, work, or office functions. A detached outbuilding provides additional space for inventory, storage, or workshop use, while a rear handicap-accessible ramp supports convenient entry. The building has a cedar-shake style exterior and a rustic character suited to its current retail configuration.
The property fronts NYS Route 12 in Barneveld, with road exposure, visible signage, easy access, and a large on-site parking area. Mature trees and neighboring fields extend behind the property. The building was converted from a prior living-quarters configuration to commercial use around 2018; any residential or mixed-use application would require zoning and municipal approval. The sale includes the real estate and building only.
The property fronts NYS Route 12 in Barneveld, with road exposure, visible signage, easy access, and a large on-site parking area. Mature trees and neighboring fields extend behind the property. The building was converted from a prior living-quarters configuration to commercial use around 2018; any residential or mixed-use application would require zoning and municipal approval. The sale includes the real estate and building only.
Key Highlights
- Five first‑floor rooms, two half baths, and hardwood floors
- Second floor includes two rooms and a landing
- Detached outbuilding adds storage, inventory, or workshop space
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
$15,290
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
6.24%
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%
$305,800
$305.8K
Cap Rate 7%
$218,429
$218.4K
Cap Rate 9%
$169,889
$169.9K
Market Conditions
NOI Build-Up for 1,520 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
$22.8K $15.00/SF
− Vacancy
−$958 −$0.63/SF
EGI
$21.8K $14.37/SF
− OpEx
−$6.6K −$4.31/SF
NOI
$15.3K $10.06/SF
Area
Oneida County, NY
Vacancy
4.20%
Lease Rate
$15.00 /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%
$305,800
Cap Rate 7%
$218,429
Cap Rate 9%
$169,889
Alternative Uses
Best Use
Retail
$218.4K
$191.1K – $254.8K
NOI $15,290 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.6K
$350.5K – $467.3K
NOI $28,039 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
51k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 26%
Apparel 4%
Sunoco
Shops & Services
15,040 visits/mo
0.3 miles
Circle K
Shops & Services
12,813 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,345 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,118 visits/mo
0.4 miles
Super Lube
Shops & Services
2,203 visits/mo
0.2 miles
Demographics for 13304, NY
1,573
Population
796
Households
2
Avg Household Size
47
Median Age
48%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
89
Density / Sq Mi
$105,313
Median Household Income
$55,607
Median Earnings
$1,264
Median Rent
$254,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible two-level commercial building with multiple rooms, on-site parking, signage visibility, and a rear accessible entrance.
Where is this storefront property located?
The property is located at 8088 State Route 12 Barneveld, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Five first‑floor rooms, two half baths, and hardwood floors; Second floor includes two rooms and a landing; Detached outbuilding adds storage, inventory, or workshop space
