Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Macedon Parkway Land Opportunity Title is generated by Realmo AI

    235 NY-31, Macedon, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4 +/- acres on Macedon Parkway near Route 31.

    Type:LAND
    Lot size:
    4.00 Acres
    Added:
    Mar 14, 2024
    Days on Market:
    799
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 235 NY-31

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jonathan Maurer
    Jonathan Maurer

    Listing agent Jonathan Maurer License #10401344851

    Listing office Cushman & Wakefield | Pyramid Brokerage - Rochester

    Listing date Mar 14, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Pyramid Brokerage - Rochester

    HighLights

    • 4 +/- acres on Macedon Parkway at Route 31: Prime location with significant road frontage.
    • Site access at Lowe's entrance: Direct access and high visibility.
    • Utilities on site: Ready for development.
    • Growing community and trade area: High potential for business growth.
    • Existing and new development: Surrounded by established businesses.
    • Multi‑family residential housing nearby: Potential customer base in close proximity.

    Overview

    This commercial land opportunity features 4 +/- acres located on Macedon Parkway at Route 31. Site access is available at the Lowe's entrance. Utilities are present on site. The surrounding area is experiencing growth and includes existing and new developments such as Walmart, Lowe's, Caliber Collision, Go Car Wash, Microtel, KFC, and multi-family residential housing.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Macedon
    County
    Wayne
    State
    New York
    Longitude
    -77.2989
    Latitude
    43.0692

    Nearby Similar for Sale

    • $350,000

      Macedon Commercial Land Opportunity

      48+ acres of level commercial/industrial land with road frontage.
      900 Quaker Road, Macedon, NY 14502
      View Details
    • $1,300,000
      5,125 SF

      Established Medical Office Space

      5,125 sq ft Macedon property leased to MVPT.
      1218 Mayberry Pl, Macedon, NY 14502
      View Details
    • $650,000

      Spacious Colonial with Rental Building

      10-acre property featuring a colonial home and rental building.
      1559-1561 Paddy Ln, Macedon, NY 14502
      View Details
    • $156,000

      Macedon Active Farmland For Sale

      25 acres of tillable farmland with utilities available.
      VICTOR Road, Macedon, NY 14502
      View Details
    • $8,750,000
      123,000 SF

      Modern Industrial and Sports Facility

      123,000 SF mixed-use facility built in 2016.
      856 Walworth Penfield Rd, Macedon, NY 14502
      View Details
    • $620,000

      Macedon Parkway Land Opportunity

      4 +/- acres on Macedon Parkway near Route 31.
      237 NY-31, Macedon, NY 14502
      View Details

    FAQs

    What type of property is this?
    Land - 4 +/- acres on Macedon Parkway near Route 31.
    Where is this land located?
    The property is located at 235 NY-31 Macedon, NY.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: 4 +/- acres on Macedon Parkway at Route 31: **Prime location with significant road frontage.**; Site access at Lowe's entrance: Direct access and high visibility.; Utilities on site: Ready for development.
    (585) 899-9771 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Maurer
    Jonathan Maurer
    Real Estate License ID: 10401344851
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    235 NY-31, Macedon, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!