Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    934 Lackawanna Ave Horseheads, NY 14845

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000
    Property size:
    8,400 SF

    Property Features for 934 Lackawanna Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    8,400 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Michael Barry

    Listing Agency: Pyramid Brokerage Company - Co Listing Agent: Michael Barry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bildan & Precision Manufacturing ... Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Horseheads
    County
    Chemung
    State
    New York
    Longitude
    -76.83279
    Latitude
    42.15815

    Nearby Similar for Sale

    • $199,000
      1,736 SF

      Versatile Commercial Property on Main

      High-visibility commercial property suitable for automotive or retail businesses.
      3322 S Main St, Horseheads, NY 14845
      View Details
    • $99,500
      2,660 SF

      Horseheads Commercial Opportunity Awaits

      Unique commercial property with endless possibilities in Horseheads, NY.
      69 Sullivanville Rd, Horseheads, NY 14845
      View Details
    • $1,950,000
      149,079 SF

      Former Ames Plaza Investment Opportunity

      Versatile storefronts with rental potential and established land lease.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • New
      $189,000
      1,937 SF

      Commercial Building with Apartment, Horseheads

      Commercial building with apartment and high-traffic exposure in Horseheads, NY.
      10 Ridge Rd, Horseheads, NY 14845
      View Details
    • Contact for pricing
      21,689 SF

      Staten Island Industrial Property

      21,689 SF industrial property with development potential.
      150 Lynhurst Ave, Horseheads, NY 14845
      View Details
    • $5,500,000
      70,000 SF

      Aviation Facility with Tarmac Access

      70,000 SF aviation facility with direct tarmac access.
      17 Aviation Dr, Horseheads, NY 14845
      View Details
    • $5,500,000
      70,000 SF

      Aviation Facility with Tarmac Access

      70,000 SF aviation facility with direct tarmac access.
      41 Aviation Dr, Horseheads, NY 14845
      View Details
    • Contact for pricing
      50,000 SF

      Arnot Mall Retail Space Available

      Prime Retail Space, Horseheads, NY
      3300 Chambers Rd, Horseheads, NY 14845
      View Details
    • New
      $999,999
      5,076 SF

      Versatile Commercial Building in Horseheads

      Meticulously maintained building with space, flexibility, and excellent business exposure.
      226 Colonial Dr, Horseheads, NY 14845
      View Details
    • New
      $155,000
      2,156 SF

      Commercial Building in Premium Location

      Versatile building suitable for various business ventures in Horseheads, NY.
      1874 Grand Central Ave, Horseheads, NY 14845
      View Details
    • $475,000
      14,225 SF

      High-Traffic Retail Investment Property

      Investment property on high-traffic area with long-term tenants.
      701-705 S Main St, Horseheads, NY 14845
      View Details
    • $199,000
      Pending

      Turnkey Commercial Property in Horseheads

      Standalone commercial property with excellent visibility and easy highway access.
      829 W Broad St, Horseheads, NY 14845
      View Details

    FAQs

    Where is this industrial property located?
    The property is located at 934 Lackawanna Ave Horseheads, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (607) 937-9720
    Request Owner's contact information
    934 Lackawanna Ave Horseheads, NY 14845
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    934 Lackawanna Ave
    Horseheads, NY 14845
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    934 Lackawanna Ave Horseheads, NY 14845
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Barry
    (607) 937-9720
    Learn more
    Google sign-in failed. Please try again or use another login method.