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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
    Off-Market
    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 type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This ±17,216 square foot industrial flex building, located at 4265 N Main St, Hemlock, NY 14466, presents a unique owner-user opportunity. The property, situated on a 2.75-acre lot, offers a blend of manufacturing and office space, ideal for businesses seeking a versatile workspace. Built in 1947 and renovated in 2014, the building features 2,000 square feet of office space, including seven offices, a conference room, and two bathrooms. The remaining 15,216 square feet comprises a warehouse/manufacturing area with a break room, storage rooms, and a grade-level overhead door. Ceiling heights range from 12 to 14 feet. The office area is climate-controlled with heating and air conditioning, while the warehouse area is heated. The property boasts a 600A electrical service and is zoned for industrial use. The asking price is $450,000, translating to $26.14 per square foot. This vacant property offers a chance to establish a business in a peaceful, rural setting while benefiting from ample space and modern amenities. The property's APN is 243489 76.18-1-7.1. This is an exceptional opportunity for a business seeking a combination of office and warehouse/manufacturing space in a desirable location.

    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
    -77.6099
    Latitude
    42.8078

    Comparable in this City

    • Value Estimation by Request
      17,216 SF

      4265 Main St

      Flex space
      4265 Main St, Hemlock, NY 14466
      View Details
    • Value Estimation by Request
      4,160 SF

      5400 Curtis Rd

      DISTRIBUTION WAREHOUSE
      5400 Curtis Rd, Hemlock, NY 14466
      View Details
    • Value Estimation by Request
      3,840 SF

      9649 Us Rte 20a

      LUMBERYARD, BUILDING MATERIALS
      9649 Us Rte 20a, Hemlock, NY 14466
      View Details
    • Value Estimation
      $820,000
      25,344 SF

      4705 Main St

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

      4822 Main St

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

      4666 Main St

      SHOW ROOM, WAREHOUSE
      4666 Main St, Hemlock, NY 14466-9723
      View Details
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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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