Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    801 Hatch St Elmira, NY 14901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    22,100 SF warehouse with offices and 11 loading docks.

    Type:Industrial
    Property size:
    22,100 SF
    Added:
    Nov 9, 2022
    Days on Market:
    1244
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 801 Hatch St

    General Information

    Standard status
    Active
    Size
    22,100 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 801 Hatch St Contact us

    Available space 1 $3 /Mo

    Size
    4,300 SF
    Type
    Industrial
    Contact us

    Available Space $3 /Mo

    Size
    22,100 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Michael J. Manzari

    Listing agent Michael J. Manzari License #NY 30MA0862846

    Listing office Cushman & Wakefield Pyramid Brokerage Company - Corning, New York

    Listing date Nov 9, 2022

    Source Crexi

    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 Cushman & Wakefield Pyramid Brokerage Company - Corning, New York

    Overview

    Warehouse Space in Opportunity Zone

    Located in a Federal Opportunity Zone, this property features 22,100 square feet on the first floor, encompassing both office and warehouse areas. The warehouse section offers a 20-foot clear height. The space includes former cooler/freezer sections; however, the equipment has been removed. The property is equipped with 11 loading docks. A two-story section of the building provides an additional 4,300 square feet on the second floor, along with a full basement. A freight elevator connects all three levels, though it is currently not operational. The building is equipped with 800 amp 3-phase electric.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Advanced Storage Technology — 200 William St #207, Elmira, NY 14901

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.810273
    Latitude
    42.0988605

    Nearby Similar for Lease

    • Contact for pricing

      Elmira Office Space Available

      Clean, ready-to-go office spaces in Elmira, NY for lease.
      170 E 14th Street, Elmira, NY 14903
      View Details
    • Contact for pricing

      Elmira Commercial Space For Rent

      Commercial space on a high traffic, visible corner in Elmira.
      642 W water st, Elmira, NY 14905
      View Details
    • Contact for pricing

      Elmira Industrial/Manufacturing Warehouse

      29,000 sq ft warehouse on 5 acres for lease.
      145 Philo Road W, Elmira, NY 14903
      View Details
    • Contact for pricing

      Modern Office Space in Elmira

      Office space for rent featuring reception, offices, and storage.
      170 North Park Lane, Elmira, NY 14903
      View Details
    • Contact for pricing

      Professional Office Space in Elmira

      Professional 5-room office suite in Commerce Center Building.
      400 E Church Street, Elmira, NY 14901
      View Details
    • $16/mo

      Freestanding Retail Building with Drive-Thru

      Former pharmacy with drive-thru, suitable for retail or restaurant.
      119 W Second Street, Elmira, NY 14901
      View Details
    • Contact for pricing

      Former Fridays Restaurant Sublease Opportunity

      Turnkey restaurant space available in a high-traffic retail center.
      830 County Rd 64, Elmira, NY 14903
      View Details
    • Contact for pricing

      Retail Center with Redevelopment Potential

      574,215 SF retail center with excellent visibility and access.
      830 County Route 64, Elmira, NY 14814
      View Details
    • Contact for pricing

      Retail Space in Big Flats

      Retail space available in a large shopping center.
      831-845 County Rd 64, Elmira, NY
      View Details
    • Contact for pricing

      Retail Center Space Available

      Retail spaces for lease in a high-traffic shopping center.
      830 County Rd 64, Elmira, NY 14903
      View Details
    • Contact for pricing

      Retail Space Near Arnot Mall

      Inline retail spaces available in busy shopping complex.
      950 County Rd 64, Elmira, NY
      View Details
    • Contact for pricing

      Downtown Elmira Retail Space Available

      Retail space in a neighborhood shopping center with high visibility.
      303 N Main St, Elmira, NY 14901
      View Details

    FAQs

    What type of property is this?
    Warehouse - 22,100 SF warehouse with offices and 11 loading docks.
    Where is this warehouse located?
    The property is located at 801 Hatch St Elmira, NY.
    What are key features of this property?
    This property features: Located in Federal Opportunity Zone; 22,100sf on first floor with offices and warehouse area featuring 20' clear height; Benefit from 11 Loading Docks
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael J. Manzari
    Real Estate License ID: NY 30MA0862846
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!