Building Details

Year Built 1976

Listing Agency: Lisiten Associates Inc

Listed By: Skip Warner · License #NY

Source: Crexi

Added: Aug 31, 2023 Changed: Sep 19 Last Checked: Sep 21 at 7:18AM

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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 Lisiten Associates Inc

Investment Insights

Based on property information with market context.

This multi-use designated property features a stand-alone home and separate facilities designed and built for a landscape, design, construction, and maintenance company. The facilities include offices and indoor and outdoor storage for vehicles, equipment, and inventory. The property is suitable for a company that works on both commercial and residential projects. The business is being sold with all its equipment included in the price. The building and property are for sale and are not included in the listed price for the business. The property totals 3950 square feet.

Key Highlights

• Established company with 45+ years of experience in diverse commercial and residential projects.
• Strong reputation for customer service, high‑quality work, and client satisfaction, leading to repeat business.
• Experienced and long‑tenured team of 16 employees, many with 25+ years with the company.

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

$256,647

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

6.04%

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%

$5,132,940 $5.1M

Cap Rate 7%

$3,666,386 $3.7M

Cap Rate 9%

$2,851,633 $2.9M

Market Conditions

NOI Build-Up for 3,950 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

$308.1K $78.00/SF

− Vacancy

−$6.2K −$1.56/SF

EGI

$301.9K $76.44/SF

− OpEx

−$45.3K −$11.47/SF

NOI

$256.6K $64.97/SF

Area

Genesee County, NY

Vacancy

2.00%

Lease Rate

$78.00 /SF/Yr

Expense Ratio

15.00%

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%

$5,132,940

Cap Rate 7%

$3,666,386

Cap Rate 9%

$2,851,633

Alternative Uses

Best Use

Warehouse

$3.67M

$3.21M – $4.28M (±1% cap)

NOI $256,647 @ 7.0% cap · market cap 6.04%

Second Best

Industrial

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,357 @ 7.0% cap · market cap 4.97%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 14416, NY

3,971

Population

1,620

Households

2.5

Avg Household Size

46

Median Age

30%

College-Educated

95%

High-School Grad

40.3 sq mi

ZIP Area

99

Density / Sq Mi

$80,298

Median Household Income

$44,320

Median Earnings

$868

Median Rent

$167,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Established company with multi-use property for sale.

Where is this mixed-use property located?

The property is located at Complete Landscape Design Construction and Maintenance Company Bergen, NY.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: Established company with 45+ years of experience in diverse commercial and residential projects.; Strong reputation for customer service, high‑quality work, and client satisfaction, leading to repeat business.; Experienced and long‑tenured team of 16 employees, many with 25+ years with the company.