Treed-Lot
New
For Sale
$250,000
941 Akron Road, Corfu, NY 14036
Residential, Corfu, NY
Property Size1,992 SF
Lot Size0.85 Acres
Price / SF$125.50
Days on Market1
Property Features for 941 Akron Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1
Interior features
CeilingFans, BedroomOnMainLevel
Exterior features
PropaneTankLeased
Appliances
ElectricWaterHeater
Lot features
Agricultural, Rectangular, Rectangular Lot, Wooded
Elementary school district
Pembroke
Middle school district
Pembroke
High school district
Pembroke
Directions
Rt77 to Akron Rd
Subdivision
Pembroke-184289
Standard status
Active
APN
184289-009-000-0001-070-001
Size
1,992 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Annual Amount
5113
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating), Forced Air, Oil
Water source
Well
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate, Vinyl, Varies
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Berkshire Hathaway Homeservices Zambito Realtors
(585) 798-9898
Listed By:
Rita A Zambito · License #10491202903
(585) 317-8513
Added: Oct 1
Last Checked: Oct 1 at 10:06PM
MLS# B1719112
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 1,992-square-foot duplex ranch, built in 1952, sits on a 0.85-acre parcel with mature trees. Interior work includes updated flooring and fresh paint, and the furnace is three years old. The property is served by a private well and septic system.
Route 77 and the New York State Thruway are accessible within a stated two-minute drive. The property is located in Corfu, New York.
Route 77 and the New York State Thruway are accessible within a stated two-minute drive. The property is located in Corfu, New York.
Key Highlights
- Duplex ranch with 1,992 square feet of building area
- 0.85‑acre parcel with mature trees
- Furnace is three years old
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
$18,292
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
7.32%
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%
$365,840
$365.8K
Cap Rate 7%
$261,314
$261.3K
Cap Rate 9%
$203,244
$203.2K
Market Conditions
NOI Build-Up for 1,992 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
$27.5K $13.80/SF
− Vacancy
−$1.4K −$0.68/SF
EGI
$26.1K $13.12/SF
− OpEx
−$7.8K −$3.94/SF
NOI
$18.3K $9.18/SF
Area
Genesee County, NY
Vacancy
4.94%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$365,840
Cap Rate 7%
$261,314
Cap Rate 9%
$203,244
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,292 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,953 @ 7.0% cap · market cap 6.38%
Theoretical Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,428 @ 7.0% cap · market cap 51.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 14036, NY
4,931
Population
2,521
Households
2
Avg Household Size
46
Median Age
19%
College-Educated
95%
High-School Grad
53.6 sq mi
ZIP Area
92
Density / Sq Mi
$91,806
Median Household Income
$46,506
Median Earnings
$923
Median Rent
$184,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recent interior updates and a newer furnace complement this two-unit ranch property.
Where is this duplex located?
The property is located at 941 Akron Road Corfu, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex ranch with 1,992 square feet of building area; 0.85‑acre parcel with mature trees; Furnace is three years old
