1135 Toggenburg Rd, Fabius, NY 13063

Listing Agency: Canaan Realty c***@alltel.net

Listed By: Allen T. Olmsted · License NY 37OL0750434 Show Phone

Source: Exprealty

Added: Jul 15, 2024 Changed: Aug 8 Last Checked: Aug 19 at 12:51PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property presents an opportunity as a ski resort, featuring lifts, a lodge, and snow-making equipment. Alternatively, the property could serve as a rural event center or wedding venue, offering substantial acreage and a retreat venue spanning over 22,000 square feet, complemented by parking for over 300 vehicles. The solid block, free-span building construction, outbuildings, and scenery support the creation of a four-season destination or a remote hub for various ventures. The property could also be converted into glamping sites with a main lodge for events.

Key Highlights

• Fully available ski resort with lifts, lodge, and snow‑making equipment ready for operation.
• Potential for use as a rural event center or wedding venue with ample acreage and a 22,000+ sq ft retreat venue.
• Parking available for over 300 cars.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$155,651

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,113,020 $3.1M

Cap Rate 7%

$2,223,586 $2.2M

Cap Rate 9%

$1,729,456 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,000 SF

Gross rent

$377.5K $17.16/SF

− Vacancy

−$49.8K −$2.27/SF

EGI

$327.7K $14.89/SF

− OpEx

−$172.0K −$7.82/SF

NOI

$155.7K $7.08/SF

Area

Onondaga County, NY

Vacancy

13.20%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,113,020

Cap Rate 7%

$2,223,586

Cap Rate 9%

$1,729,456

Alternative Uses

Best Use

Hotel Hospitality

$2.22M

$1.95M – $2.59M (±1% cap)

NOI $155,651 @ 7.0% cap · market cap 7.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.82M

$3.35M – $4.46M (±1% cap)

NOI $267,633 @ 7.0% cap · market cap 13.42%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Skating rinks

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Food Market Law Firm Farmer's Market Department Store

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

10

Businesses Nearby

Explore this area Business Placement

Demographics for 13063, NY

1,902

Population

810

Households

2.3

Avg Household Size

43

Median Age

29%

College-Educated

95%

High-School Grad

36.6 sq mi

ZIP Area

52

Density / Sq Mi

$80,250

Median Household Income

$55,391

Median Earnings

$852

Median Rent

$216,000

Median Home Value

Frequently Asked Questions

What type of property is this?

Skating rink - Ski resort, event center, or wedding venue opportunity.

Where is this skating rink located?

The property is located at 1135 Toggenburg Rd Fabius, NY.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Fully available ski resort with lifts, lodge, and snow‑making equipment ready for operation.; Potential for use as a rural event center or wedding venue with ample acreage and a 22,000+ sq ft retreat venue.; Parking available for over 300 cars.