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

    9114 Hardys Corners Rd Cuba, NY 14727

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $59,999

    47,991 SF former school in Rushford, NY, on 4.55 acres.

    Property Features for 9114 Hardys Corners Rd

    General Information

    Zoning
    RC

    We can help!

    Listing Contact
    Rick Recckio
    Source: Recckio

    Listing Agent: Rick Recckio

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

    Learn more

    Overview

    Former School Building on 4.55 Acres

    Located in Rushford, NY, the property at 9114 County Road 7B is a former school building situated on approximately 4.55 acres. The expansive 47,991 SF structure, built in 1983, holds historical value to the town. The property is in disrepair, with a leaking roof, non-functional electrical and plumbing, and overall dilapidated condition. The owner hopes to see the building return to its roots as a school, educational center, or community-focused facility. The scenic parcel features open yard space and lightly wooded land, providing flexibility for future use, redevelopment, or outdoor expansion. The property is zoned RC, allowing for various potential uses. It is located minutes from Rushford Lake, offering privacy and a peaceful setting. Access to Route 19 and Route 98 are just outside of town, providing easy access to Pennsylvania and the New York border. The property is ideal for a special purpose or school investor and is being sold as-is.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Auto Parts Store Veterinary Clinic Pet Store Tailor Shop Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cuba
    County
    Allegany
    State
    New York
    Longitude
    -78.254085
    Latitude
    42.382722

    Nearby Similar for Sale

    • $299,000
      3,960 SF

      Two-Story Commercial Building in Cuba

      Versatile commercial building in Cuba, NY, with ample parking.
      6 Water St, Cuba, NY 14727
      View Details
    • $119,900
      508 SF

      Remodeled Cottage on Secluded Lot

      Cozy, remodeled cottage on 3.4 acres, perfect getaway or home.
      9240 Hoyett Rd, Cuba, NY 14727
      View Details
    • $629,000

      Established Medical Facility For Sale

      Well-maintained medical facility with potential for multiple uses.
      130 W Main St, Cuba, NY 14727
      View Details
    • $109,900

      Income Opportunity: Four Rented Apartments

      Four apartments fully rented, long-term tenants, many improvements.
      6 Genesee Pkwy, Cuba, NY 14727
      View Details

    FAQs

    What type of property is this?
    School - 47,991 SF former school in Rushford, NY, on 4.55 acres.
    Where is this school located?
    The property is located at 9114 Hardys Corners Rd Cuba, NY.
    What is the asking price?
    The asking price for this property is $59,999.
    What are key features of this property?
    This property features: - Large 47,991 SF building on 4.55 acres; - Zoned RC, allowing for various potential uses; - Ideal for special purpose or school investor
    (716) 631-5555
    Request Owner's contact information
    9114 Hardys Corners Rd Cuba, NY 14727
    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.
    9114 Hardys Corners Rd
    Cuba, NY 14727
    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
    9114 Hardys Corners Rd Cuba, NY 14727
    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
    Rick Recckio
    Real Estate License ID: #31RE0821429
    (716) 631-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.