Mahopac Contractors Yard For
For Sale
Contact for pricing
16 Ernest Ln, Mahopac, NY 10541
Contractors yard with garage, residences, and outbuildings on 12+ acres.
Property Size4,800 SF
Lot Size12.00 Acres
Price / SF$281.25
Days on Market1985
Property Features for 16 Ernest Ln
General Information
Standard status
Active
Size
4,800 SF
Lot size
12.00 Acres
Property subtype
Special Purpose
Zoning
R
Occupancy
50%
Building Details
Year Built
1975
Buildings
3
Stories
2
Units
5
Listing Agency:
McGrath Realty Inc Hopewell Junction
Listed By:
Ryan McGrath · License #NY 10401313731
(845) 896-5444
Source:
Crexi
Added: May 15, 2021
Changed: Oct 20
Last Checked: Oct 20 at 5:49PM
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 Hopewell Junction
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,818
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,360
$1.6M
Cap Rate 7%
$1,111,686
$1.1M
Cap Rate 9%
$864,644
$864.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$115.2K $24.00/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$111.2K $23.16/SF
− OpEx
−$33.4K −$6.95/SF
NOI
$77.8K $16.21/SF
Area
Putnam County, NY
Vacancy
3.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,360
Cap Rate 7%
$1,111,686
Cap Rate 9%
$864,644
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 10541, NY
25,651
Population
9,614
Households
2.7
Avg Household Size
43
Median Age
43%
College-Educated
93%
High-School Grad
24.8 sq mi
ZIP Area
1,034
Density / Sq Mi
$133,929
Median Household Income
$58,450
Median Earnings
$1,967
Median Rent
$472,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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
