Add Listing
    For Lease
    • 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

    125 Business Park Dr Utica, NY 13502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    First floor office suites in Utica Business Park for rent.

    Property size:
    15,000 SF
    Lot size:
    8.11 Acres

    Property Features for 125 Business Park Dr

    General Information

    Size
    15,000 SF
    Lot size
    8.11 Acres

    We can help!

    Listing Contact
    Dominic Pavia
    Dominic Pavia
    Source: Moodyscre

    Listing Agency: Pavia Real Estate Listing Agent: Dominic Pavia

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

    Learn more

    Property Insight Report

    Overview

    Utica Business Park Office Suites

    Located within the Utica Business Park, the available suites are situated on the first floor. The location offers close proximity to Slocum Dickson, St. Luke’s Hospital, and Utica University. The landlord is willing to subdivide the space and provide build-to-suit options. The property offers 15000 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laura Buschmann Physician Upstate Caring Partners Charitable Organization American Red Cross ... Training Center Orbcomm Corporate Office Angela Soja Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2867571
    Latitude
    43.0918056

    Nearby Similar for Lease

    • $800 /Mo
      5,088 SF

      Turn-Key Flex Space Available

      Professional flex space for lease with shared amenities in Utica.
      2219 Genesee St, Utica, NY 13501
      View Details
    • New
      $1,700 /Mo
      17,280 SF

      Bright Utica Commercial Space Available

      Spacious second-floor commercial space in Franklin Square, Utica.
      421 Seneca St, Utica, NY 13502
      View Details
    • $2,200 /Mo
      2,450 SF

      Utica Office Space For Rent

      Spacious office suite with high visibility and ample parking.
      2427 Chenango Rd, Utica, NY 13502
      View Details
    • $1,500 /Mo
      1,521 SF

      Downtown Utica Office Space For Rent

      Renovated office space in Utica's Downtown Arts District.
      505 Henry St, Utica, NY 13502
      View Details
    • $399,999
      3,292 SF

      Remodeled Office Building in Utica

      Remodeled office building in high-traffic area, suitable for various uses.
      320 Herkimer Rd, Utica, NY 13502
      View Details
    • $12 SF/Yr

      Commercial Space Near Wynn Hospital

      Commercial space for lease near Wynn Hospital in downtown Utica.
      288 Genesee St, Utica, NY 13502
      View Details
    • Contact for pricing
      1,726 SF

      Downtown Utica Office Space For Sale

      Office space in Downtown Utica, near courthouse and new hospital.
      610 Charlotte St, Utica, NY 13501
      View Details
    • Contact for pricing

      High-Visibility Showroom and Warehouse Space

      Showroom, warehouse, and office space at a high-traffic intersection.
      2222 Oriskany St W, Utica, NY 13502
      View Details
    • Contact for pricing
      5,900 SF

      Utica Business Park Flex Space

      Medical/office/flex space in Utica Business Park for rent.
      6 Rhoads Dr, Utica, NY 13502
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Professional office space for rent in Utica, New York.
      2717 Genesee St, Utica, NY 13501
      View Details
    • Contact for pricing
      45,000 SF

      New Retail Space Available

      Class A retail spaces in a high-traffic location.
      1707 Oriskany St W, Utica, NY 13502
      View Details
    • Contact for pricing
      35,000 SF

      Class A Office/Lab Space

      70,000 SF available for lease in Utica, NY.
      131147 Genesee St, Utica, NY 13501
      View Details

    FAQs

    What type of property is this?
    Office units - First floor office suites in Utica Business Park for rent.
    Where is this office units located?
    The property is located at 125 Business Park Dr Utica, NY.
    What are key features of this property?
    This property features: - First-floor suites offer convenient accessibility.; - Located within the established Utica Business Park.; - Close proximity to Slocum Dickson, St. Luke’s Hospital, and Utica University.
    (315) 736-1555 Call to check price and availability
    Request Owner's contact information
    125 Business Park Dr Utica, NY 13502
    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.
    125 Business Park Dr
    Utica, NY 13502
    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
    125 Business Park Dr Utica, NY 13502
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dominic Pavia
    Dominic Pavia
    Real Estate License ID: 49PA1151344
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!