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    Professional Office Suite with Parking Title is generated by Realmo AI

    1130 Corporate Drive, Auburn, NY 13021

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    For Lease
    $1,640/Mo $17 SF/Yr (calc)

    COMMERCIAL - Auburn, NY

    Type:Office
    Property size:
    1,125 SF
    Lot size:
    0.87 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for 1130 Corporate Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    HC
    Parking
    4
    Standard status
    Active
    APN
    050100-109-065-0001-002-013-0000
    Size
    1,125 SF
    Lot size
    0.87 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Building materials
    BlownInInsulation
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Susan M. Riordan

    Listing agent Susan M. Riordan License #10371200212

    Listing office Riordan Realty 15 State Street, Auburn, NY

    Listing date Jun 2, 2026

    MLS# R1686745

    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.

    HighLights

    • Approximately 1,125 SF one‑story professional office space built in 1990
    • Features five private offices plus a restroom and kitchenette
    • Private entrance and exterior security
    • 4 dedicated parking spaces
    • Heating: forced air (natural gas); cooling: central air; roof: asphalt
    • Utilities, lawn maintenance, and snow plowing included; served by public sewer

    Overview

    This well-maintained, one-story commercial office building offers approximately 1,125 square feet of professionally suited space. The layout includes five private offices, a private entrance, a restroom, and a kitchenette, creating a functional environment for client-facing work and internal teams. The property also provides exterior security for added onsite protection.

    Located at 1130 Corporate Drive in Auburn, NY, the building includes four dedicated parking spaces. The listing notes that all utilities are included, along with lawn maintenance and snow plowing, which can reduce day-to-day property-related responsibilities.

    Designed for a variety of professional uses, the space provides separation through its private office configuration and convenience through its on-site amenities like a kitchenette. With a private entrance and restroom on site, the suite supports both focused work and regular meetings with clients or prospects, while the included utilities and exterior maintenance can help simplify operations for the right tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hospice of the Finger Lakes Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.543222
    Latitude
    42.949459

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    FAQs

    What type of property is this?
    Office units - Turnkey one-story office with five private offices, private entrance, kitchenette, and four dedicated parking spaces.
    Where is this office units located?
    The property is located at 1130 Corporate Drive Auburn, NY.
    What is the lease rate?
    The lease rate is $1,640 /Mo.
    What are key features of this property?
    This property features: Approximately 1,125 SF one‑story professional office space built in 1990; Features five private offices plus a restroom and kitchenette; Private entrance and exterior security
    (315) 730-8974
    We can help!
    Listing Contact
    Susan M. Riordan
    Real Estate License ID: 10371200212
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    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.

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