Transportation Hub with Fenced
For Sale
Contact for pricing
3854 State Rte 5 And 20, Canandaigua, NY
Warehouse with large yard, overhead doors, and office space.
Property Size4,200 SF
Lot Size7.40 Acres
Price / SF$83.33
Days on Market1199
Property Features for 3854 State Rte 5 And 20
General Information
Standard status
Active
Size
4,200 SF
Lot size
7.40 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Moore Corporate Real Estate
(585) 546-4170
Listed By:
Paul Campbell
Source:
Moodyscre
Added: Jun 8, 2023
Changed: Sep 4
Last Checked: Sep 16 at 5:32PM
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 Moore Corporate Real Estate
Investment Insights
Based on property information with market context.
This property is currently used as a transportation hub for a bus company. It features a large, fenced yard space and parking area. The building includes four overhead doors and a warehouse area with a 16' overhead clearance. Mezzanine storage and office space are also present. The property has a size of 4200 square feet.
Key Highlights
- Large fenced yard/parking area
- Features four overhead doors for easy access
- 16' overhead clearance in warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,339
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,780
$626.8K
Cap Rate 7%
$447,700
$447.7K
Cap Rate 9%
$348,211
$348.2K
Market Conditions
NOI Build-Up for 4,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.8K $9.48/SF
− Vacancy
−$2.9K −$0.70/SF
EGI
$36.9K $8.78/SF
− OpEx
−$5.5K −$1.32/SF
NOI
$31.3K $7.46/SF
Area
Ontario County, NY
Vacancy
7.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,780
Cap Rate 7%
$447,700
Cap Rate 9%
$348,211
Alternative Uses
Best Use
Warehouse
$447.7K
$391.7K – $522.3K
NOI $31,339 @ 7.0% cap · market cap 8.95%
Second Best
Industrial
$368.7K
$322.6K – $430.2K
NOI $25,809 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,998 @ 7.0% cap · market cap 25.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Simple self storage - Hopewell — 3849 NY-5, Canandaigua, NY 14424
- A Safe Place Self Storage Canandaigua — 3682 NY-5, Canandaigua, NY 14424
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with large yard, overhead doors, and office space.
Where is this warehouse located?
The property is located at 3854 State Rte 5 And 20 Canandaigua, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Large fenced yard/parking area; Features four overhead doors for easy access; 16' overhead clearance in warehouse
