Commercial Building with High
For Sale
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1192 Manitou Rd, Hilton, NY 14468
5200 SF commercial building with high traffic and great exposure.
Property Size5,136 SF
Price / SF$146.03
Days on Market717
Property Features for 1192 Manitou Rd
General Information
Standard status
Active
Size
5,136 SF
Class
A
Property subtype
Office, Retail
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Blain Realty Inc.
(585) 244-8980
Listed By:
Robert Blain
Source:
Crexi
Added: Sep 3, 2024
Changed: Aug 14
Last Checked: Aug 18 at 8:01AM
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 Blain Realty Inc.
Investment Insights
Based on property information with market context.
This 5200 square foot commercial building, zoned for commercial use, offers an open concept layout and paved parking. The property benefits from a signal light at the corner, ensuring high traffic count and great exposure. Previously used as a brewery and formerly as a day care, the building presents multiple opportunities for various businesses. It is ideally suited for retail, office, medical office, brewery, restaurant, daycare, or urgent care facilities. The property includes the potential for a drive-up window and is available for immediate occupancy. The building is available for sale or lease.
Key Highlights
- High‑traffic location with great exposure and signal light access.
- Versatile 5200 sq ft open‑concept building suitable for various commercial uses.
- Zoned commercial with paved parking and room for a drive‑up window.
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
$49,883
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
6.65%
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%
$997,660
$997.7K
Cap Rate 7%
$712,614
$712.6K
Cap Rate 9%
$554,256
$554.3K
Market Conditions
NOI Build-Up for 5,136 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
$77.0K $15.00/SF
− Vacancy
−$5.8K −$1.13/SF
EGI
$71.3K $13.88/SF
− OpEx
−$21.4K −$4.16/SF
NOI
$49.9K $9.71/SF
Area
Monroe County, NY
Vacancy
7.50%
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%
$997,660
Cap Rate 7%
$712,614
Cap Rate 9%
$554,256
Alternative Uses
Best Use
Retail
$712.6K
$623.5K – $831.4K
NOI $49,883 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$552.3K
$483.3K – $644.4K
NOI $38,663 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$986.0K
$862.7K – $1.15M
NOI $69,017 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 14468, NY
19,174
Population
7,245
Households
2.6
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
52.6 sq mi
ZIP Area
365
Density / Sq Mi
$97,476
Median Household Income
$50,399
Median Earnings
$1,160
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 5200 SF commercial building with high traffic and great exposure.
Where is this retail space located?
The property is located at 1192 Manitou Rd Hilton, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑traffic location with great exposure and signal light access.; Versatile 5200 sq ft open‑concept building suitable for various commercial uses.; Zoned commercial with paved parking and room for a drive‑up window.
