Property profile

218 S Caroline St Herkimer, NY 13350

FOR SALE
Flex space
Property ID
US63-Q001913
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Property summary

AI-generated overview

The property is a flex-style commercial building that combines retail space at the front with warehouse space at the rear. The retail portion totals over 5,000 square feet and is configured to be divisible into two sides: a smaller side of approximately 1,064 square feet with separate utilities (heat, lighting, and water) and a half-bath area, and a larger retail portion that includes multiple half baths, an office area, a conference room, and central air. The rear warehouse area is approximately 1,665 square feet and includes an 11x11 overhead door. The building has a 200-amp, 3-phase electrical service with sub-feeds. The property is located in a high-traffic area with accessibility to the NYS Thruway, State Route 5, and State Route 5S, supporting customer access and deliveries.

Property profile

Verified
Property type Flex space
UPID US63-Q001913

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
  • Carpet & Flooring Store

Location

218 S Caroline St Herkimer, NY 13350
Herkimer metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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