Property profile

565 Charcoal Rd Stamford, NY 12167

OFF-MARKET
Distribution centers
Property ID
US63-4195235
8,400 SF 4.93 ac lot Built 2006
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 44-unit self-storage facility situated on a 5-acre lot in Stamford, New York. The property boasts 10,000 square feet of net rentable space housed within three single-story buildings, currently generating a net operating income (NOI) of $38,000. The property is zoned for mixed use, offering significant expansion potential. The current owner is motivated to sell and is open to assisting with the transition. All existing inventory, including tow trucks, plow trucks, and salvaged vehicles, is included in the sale price (or can be removed at the same price). All necessary permits are transferable to the new owner. The property also includes a two-bay garage with a lift, capable of accommodating six vehicles, and several additional outbuildings. This turnkey operation presents a unique opportunity to acquire a profitable self-storage business with additional income streams, potentially from automotive repair and towing services. The property's rural location offers spectacular views and is conveniently located near a major state road, between Stamford village and Grand Gorge, neighboring DEP land and agricultural businesses. The asking price for this remarkable property is $389,000.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2006
Total area 8,400 SF
Lot 4.93 ac (214,751 SF)
Zoning code 01 - NOT ZONED
APN 124800 55.-2-12.11
UPID US63-4195235

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
  • Auto Repair Shop
  • Storage Facility

Location

565 Charcoal Rd Stamford, NY 12167-1776
Stamford metro Census 971100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$827k
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

01 - NOT ZONED · Stamford, NY
Top alternative use upside
Office building $985,000 +67.6%
Commercial (general) $930,000 +58.7%
Restaurant $875,000 +49.3%

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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