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    4265 Main St Hemlock, NY 14466
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    4265 Main St Hemlock, NY 14466

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    • Warehouses
    • 17,216 SF
    • 2.75 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    Hemlock Industrial Facility For Lease
    $5 SF/Yr

    Hemlock Industrial Facility

    17,216 SF Flex Space For Lease

    4265 Main St, Hemlock, NY 14466
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ledco Inc / Marketing & Advertising

    Property Details for 4265 Main St

    Year built
    1947
    Lot size
    2.75 lot acres
    Property size
    17,216 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This versatile 17,216-square-foot industrial building in Hemlock, NY, offers a unique blend of manufacturing and warehouse space. Situated on a 2.75-acre lot at 4265 N Main St, this single-tenant property boasts 15,216 square feet of warehouse/manufacturing area and approximately 2,000 square feet of office space. The office area includes seven individual offices, a conference room, and two bathrooms, all climate-controlled for year-round comfort (heating in warehouse and office, air conditioning in office). The manufacturing area features a break room, storage rooms, and a grade-level overhead door, complemented by ceiling heights ranging from 12 to 14 feet. Built in 1947 and renovated in 2014, the property is zoned for industrial use and benefits from a 600A electrical service. The property's location offers a peaceful, rural setting while providing ample space for a variety of business operations. This is an exceptional opportunity to establish or expand your business in a well-maintained, adaptable facility. The property's APN is 243489 76.18-1-7.1. The building is currently vacant and ready for immediate occupancy. This property combines the tranquility of a rural location with the functionality of a modern industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hemlock
    County
    Livingston
    State
    New York
    Longitude
    -77.61
    Latitude
    42.8075

    Comparable in this City

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      4265 Main St

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      4,160 SF

      5400 Curtis Rd

      DISTRIBUTION WAREHOUSE • 4,160 SF
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      3,840 SF

      9649 Us Rte 20a

      LUMBERYARD, BUILDING MATERIALS • 3,840 SF
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    • Value Estimation
      $820,000
      25,344 SF

      4705 Main St

      OFFICE BUILDING • 25,344 SF
      4705 Main St, Hemlock, NY 14466
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    • Value Estimation by Request
      2,220 SF

      4822 Main St

      AUTO REPAIR, GARAGE • 2,220 SF
      4822 Main St, Hemlock, NY 14466-9714
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    • Value Estimation by Request
      3,238 SF

      4666 Main St

      SHOW ROOM, WAREHOUSE • 3,238 SF
      4666 Main St, Hemlock, NY 14466-9723
      View Details
    View Listing
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    Hemlock, NY 14466
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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