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

    Mcconnell Ave Prattsburgh, NY 14873

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $145,000

    Three buildings suitable for manufacturing, repair, or storage.

    Lot size:
    0.81 Acres

    Property Features for Mcconnell Ave

    General Information

    Lot size
    0.81 Acres

    We can help!

    Listing Contact
    Michael Manzari
    Michael Manzari
    Source: Elliman

    Listing Agent: Michael Manzari

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

    Learn more

    Overview

    Manufacturing and Storage Buildings

    The property includes three buildings previously used for manufacturing and storage. Building 1 has 5,588 square feet and features a 14'x12' at-grade door. Building 2 offers 6,000 square feet, including a 10.5'x12' at-grade door and an outside dock. Building 3 provides 1,872 square feet with an 11'x9' at-grade door. The town is planning to expand public sewer access. The property has potential for various uses, including manufacturing, repair, and storage.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Prattsburgh
    County
    Steuben
    State
    New York
    Longitude
    -77.2926
    Latitude
    42.518

    Nearby Similar for Sale

    • $175,000
      26,000 SF

      Manufacturing Facility with Two Buildings

      Former manufacturing facility with two buildings totaling 26,000 square feet.
      40 Main St, Prattsburgh, NY 14873
      View Details
    • $79,995

      Storage Buildings on One Acre

      Two storage buildings on approximately one acre of land.
      10707A County Route 74, Prattsburgh, NY 14873
      View Details
    • $75,000

      Historic Church Building For Sale

      Charming church building in Prattsburgh, ready for reimagining.
      4 Porter St, Prattsburgh, NY 14873
      View Details
    • $145,000
      13,460 SF

      Prattsburgh Industrial Property

      Three-Building Warehouse Complex, $145,000
      0 Mcconnel Ave, Prattsburgh, NY 14873
      View Details
    • $175,000
      26,000 SF

      Prattsburgh Industrial Facility

      26,000 SF Flex Space, $175K
      40 Main St, Prattsburgh, NY 14873
      View Details
    • $150,000
      5,922 SF

      4 Porter St, Prattsburgh, NY 14873

      Commercial real estate • 5,922 SF
      4 Porter St, Prattsburgh, NY 14873
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Three buildings suitable for manufacturing, repair, or storage.
    Where is this manufacturing property located?
    The property is located at Mcconnell Ave Prattsburgh, NY.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Three buildings totaling 13,460 sf suitable for manufacturing and storage.; - Includes an outside dock for convenient loading/unloading.; - Each building has at least one at-grade door.
    (607) 937-9720
    Request Owner's contact information
    Mcconnell Ave Prattsburgh, NY 14873
    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.
    Mcconnell Ave
    Prattsburgh, NY 14873
    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
    Mcconnell Ave Prattsburgh, NY 14873
    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
    Michael Manzari
    Michael Manzari
    (607) 937-9720
    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.