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Property profile

17 Midland Dr Norwich, NY 13815

OFF-MARKET
Warehouses
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42,817 SF 0.7 ac lot

Property summary

AI-generated overview

This exceptional industrial property, located at 17 Midland Drive, Norwich, NY 13815, presents a unique investment opportunity. The property encompasses a substantial 42,817 square feet of space, strategically divided to maximize functionality. The building features a blend of flex, manufacturing, and warehouse space, catering to diverse operational needs. The layout includes approximately 27,515 square feet of industrial space with varying ceiling heights ranging from 10 to 19 feet, providing ample room for various equipment and processes. In addition, there is 15,000 square feet of office space, with 8,500 square feet on the first floor (renovated in 2012) and 6,500 square feet on the second floor, offering comfortable and modern administrative areas. The property boasts two loading docks for efficient material handling, an elevator connecting the floors, and a large cafeteria and lobby area. The building is fully sprinklered and the first floor is air-conditioned. Electrical service is robust, featuring 800 amps, 240 volts, and 3-phase power. The property sits on a lot ranging from 0.7 to 2.29 acres, including approximately 0.7 acres of additional parking located at 110 Main Street. The property is zoned for industrial use and has APN numbers 136.5-5-10

Property profile

Verified
Property type Warehouses
Total area 42,817 SF
Lot 0.7 ac (30,492 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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