Building Details

Building Size 4,000 SF

Year Built 1999

Stories 2

Listing Agency: Fiacco Realty, LLC f***@gmail.com

Listed By: Amanda Fiacco · License #10491212047 Show Phone

Source: Fiaccorealty

Added: Jun 15 Changed: Oct 25 Last Checked: Oct 23 at 1:12PM

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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 Fiacco Realty, LLC

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Investment Insights

Based on property information with market context.

This 4,000-square-foot flex property in Massena, New York, was built in 1999 and is zoned Commercial. The interior includes six offices, two handicap-accessible bathrooms, and a kitchen area measuring 17 feet by 8 feet 2 inches. A two-stall truck garage has two 12-by-12-foot remote-control doors, with radiant and gas heat serving the building.

The paved parking area is complemented by additional land that can support expansion. Space above the rear offices, measuring 39 by 35 feet, is identified as a potential area for additional office space.

Key Highlights

• 4,000 square feet; built in 1999
• Six offices and two handicap‑accessible bathrooms
• Two‑stall truck garage with two remote‑control 12‑by‑12‑foot doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,686

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$493,720 $493.7K

Cap Rate 7%

$352,657 $352.7K

Cap Rate 9%

$274,289 $274.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$37.9K $9.48/SF

− Vacancy

−$2.7K −$0.66/SF

EGI

$35.3K $8.82/SF

− OpEx

−$10.6K −$2.64/SF

NOI

$24.7K $6.17/SF

Area

St. Lawrence County, NY

Vacancy

7.00%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$493,720

Cap Rate 7%

$352,657

Cap Rate 9%

$274,289

Alternative Uses

Best Use

Flex RnD

$621.8K

$544.1K – $725.4K (±1% cap)

NOI $43,524 @ 7.0% cap · market cap 13.39%

Second Best

Industrial

$352.7K

$308.6K – $411.4K (±1% cap)

NOI $24,686 @ 7.0% cap · market cap 7.60%

Theoretical Best

Office A

$992.4K

$868.3K – $1.16M (±1% cap)

NOI $69,466 @ 7.0% cap · market cap 21.37%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Auto Parts Store Big Box & Wholesale Store Hair Salon

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

Lease Details

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

71

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 13662, NY

15,814

Population

7,785

Households

2

Avg Household Size

44

Median Age

24%

College-Educated

89%

High-School Grad

89.2 sq mi

ZIP Area

177

Density / Sq Mi

$56,987

Median Household Income

$38,535

Median Earnings

$712

Median Rent

$118,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Six offices and a two-stall garage support a range of commercial configurations.

Where is this flex space located?

The property is located at 9 Commerce Drive Massena, NY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 4,000 square feet; built in 1999; Six offices and two handicap‑accessible bathrooms; Two‑stall truck garage with two remote‑control 12‑by‑12‑foot doors