Building Details

Buildings 1

Listing Agency: Pavia Real Estate

Listed By: John Jweid · License #NY 10301208997 Show Phone

Source: Crexi

Added: Apr 29 Changed: Oct 10 Last Checked: Oct 14 at 9:54PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pavia Real Estate

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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 / Yr

$15,020

Cap Rate

7.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$300,400 $300.4K

Cap Rate 7%

$214,571 $214.6K

Cap Rate 9%

$166,889 $166.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

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 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 7.55%

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 18.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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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

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 $199,000.

What are key features of this property?

This property features: Currently used as a warehouse; BP – Business Park zoning; Minutes from Route 12