Medical Office
For Sale
$259,900
4912 W Genesee Street, Camillus, NY 13031
CommercialSale, Camillus, NY
Property Size2,186 SF
Lot Size0.19 Acres
Price / SF$118.89
Days on Market261
Property Features for 4912 W Genesee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Zoning description
Commercial
Rooms
Basement
Parking
10
Lot features
Rectangular, Rectangular Lot
High school
West Genesee Senior High
Elementary school district
West Genesee
Middle school district
West Genesee
High school district
West Genesee
Directions
Take I-690 West to NY-695 West (Exit 6 toward Route 5 Auburn). From NY-695 West, merge onto NY-5 W. W Genesee Street toward Camillus. Stay on W Genesee Street (US-20) heading west into Camillus. 4912 will be on your right.
Subdivision
Camillus-312089
Standard status
Active
APN
312089-041-000-0001-059-000-0000
Size
2,186 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
7639
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Zoned, Natural Gas
Cooling system
Zoned
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Linoleum, Hardwood, Vinyl, Varies, Carpet
Roof type
Shingle
Listing Agency:
Candy Costa Real Estate LLC
(315) 505-6609
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Added: Dec 28, 2025
Changed: Sep 12
Last Checked: Sep 15 at 2:06AM
MLS# S1655114
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property at 4912 W Genesee Street includes 2,186 square feet on a 0.186-acre parcel. The building dates to 1975 and is currently occupied by a podiatry practice. Interior finishes include linoleum, hardwood, vinyl, and carpet, with a basement also present.
Building systems include zoned electric and natural gas heating, zoned cooling, a shingle roof, and public sewer service. The property is located in Camillus, Onondaga County, within the 13031 postal area. COMM zoning is identified for the site.
Building systems include zoned electric and natural gas heating, zoned cooling, a shingle roof, and public sewer service. The property is located in Camillus, Onondaga County, within the 13031 postal area. COMM zoning is identified for the site.
Key Highlights
- 2,186‑square‑foot medical office building
- 0.186‑acre parcel in Camillus, NY
- Currently occupied by a podiatry practice
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,080
$461.1K
Cap Rate 7%
$329,343
$329.3K
Cap Rate 9%
$256,156
$256.2K
Market Conditions
NOI Build-Up for 2,186 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.4K $16.20/SF
− Vacancy
−$4.7K −$2.14/SF
EGI
$30.7K $14.06/SF
− OpEx
−$7.7K −$3.52/SF
NOI
$23.1K $10.55/SF
Area
Onondaga County, NY
Vacancy
13.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,080
Cap Rate 7%
$329,343
Cap Rate 9%
$256,156
Alternative Uses
Best Use
Office B
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 8.87%
Second Best
Healthcare Medical
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,593 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13031, NY
16,335
Population
7,414
Households
2.2
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
24.3 sq mi
ZIP Area
672
Density / Sq Mi
$92,687
Median Household Income
$56,024
Median Earnings
$1,281
Median Rent
$207,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VCA Fairmount Animal Hospital — 4101 W Genesee St, Syracuse, NY 13219
- Passantino Lauren DVM — 4101 Genesee St, Syracuse, NY 13219
- Dr. Sarah Guest — 4101 Genesee St, Syracuse, NY 13219
- Fairmount Animal Hospital: Behrens Losito Suzanne DVM — 3705 W Genesee St, Syracuse, NY 13219
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established professional office property with existing podiatry use and access to public sewer service.
Where is this medical office space located?
The property is located at 4912 W Genesee Street Camillus, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2,186‑square‑foot medical office building; 0.186‑acre parcel in Camillus, NY; Currently occupied by a podiatry practice
