Building Details

Buildings 1

Listing Agency: Pavia Real Estate j***@paviarealestate.com Show Phone

Listed By: John Jweid · License #NY 10301208997

Source: Crexi

Added: Apr 29 Changed: Aug 30 Last Checked: Aug 30 at 6:53AM

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Investment Insights

Based on property information with market context.

This property is currently used as a warehouse and falls within BP – Business Park zoning. The asset is located at 10001 Mulaney Road in Marcy, New York.

The property is minutes from Route 12 and the NYS Thruway, with nearby access to SUNY Polytechnic Institute and the Marcy Nanocenter.

Key Highlights

• Currently used as a warehouse
• BP – Business Park zoning
• Minutes from Route 12

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

$15,020

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

6.01%

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%

$300,400 $300.4K

Cap Rate 7%

$214,571 $214.6K

Cap Rate 9%

$166,889 $166.9K

Market Conditions

NOI Build-Up for 2,000 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

$19.0K $9.48/SF

− Vacancy

−$1.3K −$0.64/SF

EGI

$17.7K $8.84/SF

− OpEx

−$2.7K −$1.33/SF

NOI

$15.0K $7.51/SF

Area

Oneida County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

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%

$300,400

Cap Rate 7%

$214,571

Cap Rate 9%

$166,889

Alternative Uses

Best Use

Warehouse

$214.6K

$187.8K – $250.3K (±1% cap)

NOI $15,020 @ 7.0% cap · market cap 6.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$527.0K

$461.2K – $614.9K (±1% cap)

NOI $36,893 @ 7.0% cap · market cap 14.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply Kitchen & Bath Showroom HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13403, NY

6,844

Population

2,082

Households

3.3

Avg Household Size

40

Median Age

19%

College-Educated

79%

High-School Grad

27.8 sq mi

ZIP Area

246

Density / Sq Mi

$100,060

Median Household Income

$55,885

Median Earnings

$1,209

Median Rent

$207,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse property within BP Business Park zoning near major regional routes and institutional destinations.

Where is this warehouse located?

The property is located at 10001 Mulaney Road Marcy, 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: Currently used as a warehouse; BP – Business Park zoning; Minutes from Route 12