Mahopac Contractors Yard For
16 Ernest Ln Mahopac, NY 10541
16 Ernest Ln, Mahopac, NY, 10541
Contact for pricing
For Sale
Contact for pricing
Contractors yard with garage, residences, and outbuildings on 12+ acres.
Property Size4,800 SF
Lot Size12.00 Acres
Price / SF$281.25
Days on Market1894
Property Features for 16 Ernest Ln
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 12.00 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1975
Listing agency
McGrath Realty Inc
(845) 896-5444
Listed by
Mike Fitzgerald · License #NY 10401228039
Source
Crexi
Added: May 15, 2021 Updated: Jul 6 at 7:49AM Checked: Jul 20 at 6:49AM
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 McGrath Realty Inc
Investment Insights
Based on property information with market context.
This property in Mahopac features an existing contractors yard with garage buildings, two single-family residences, and additional outbuildings. The property spans over 12 acres and has a pre-existing legal use. It is currently rented to contractors on a month-to-month basis. The property includes 4,800 square feet of space.
Key Highlights
- 12+ acre property
- Existing contractors yard with pre‑existing legal use
- Garage buildings provide ample storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $24.00 |
| − Vacancy | −$4.0k | −$0.84 |
| EGI | $111.2k | $23.16 |
| − OpEx | −$33.4k | −$6.95 |
| NOI | $77.8k | $16.21 |
4,800 SF · lease $24.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$972.7K – $1.30M
NOI $77,818 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$973.6K
$851.9K – $1.14M
NOI $68,149 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,156 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Contractors yard with garage, residences, and outbuildings on 12+ acres.
Where is this commercial land located?
The property is located at 16 Ernest Ln Mahopac, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 12+ acre property; Existing contractors yard with pre‑existing legal use; Garage buildings provide ample storage
