Kinney Pharmacy Drug
New
For Sale
Contact for pricing
12 Franklin Ave, Clinton, NY 13323
Pharmacy tenancy with a century-long operating history supports this commercial retail property.
Property Size14,070 SF
Price / SF$161.10
Days on Market6
Property Features for 12 Franklin Ave
General Information
Standard status
Active
Size
14,070 SF
Property subtype
Retail
Lease Type
NN
Net Operating Income
$170,000
Additional Details
Cap Rate
7.71%
Listing Agency:
Matthews
Listed By:
Conrad Sarreal · License #CA 01982875
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 2:24PM
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 Matthews
Investment Insights
Based on property information with market context.
This drug store property is occupied by Kinney Pharmacy, a pharmacy tenant with a century-long operating history. The property contains 14,070 of reported property size and is offered for sale with a 7.71% cap rate.
The asset is located at 12 Franklin Ave in Clinton, New York 13323, providing a defined address for this commercial retail offering.
The asset is located at 12 Franklin Ave in Clinton, New York 13323, providing a defined address for this commercial retail offering.
Key Highlights
- 7.71% cap rate
- Kinney Pharmacy occupancy
- Tenant operating history of approximately one century
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
$162,061
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
7.15%
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%
$3,241,220
$3.2M
Cap Rate 7%
$2,315,157
$2.3M
Cap Rate 9%
$1,800,678
$1.8M
Market Conditions
NOI Build-Up for 14,070 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
$227.9K $16.20/SF
− Vacancy
−$11.9K −$0.84/SF
EGI
$216.1K $15.36/SF
− OpEx
−$54.0K −$3.84/SF
NOI
$162.1K $11.52/SF
Area
Oneida County, NY
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$3,241,220
Cap Rate 7%
$2,315,157
Cap Rate 9%
$1,800,678
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,061 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$2.02M
$1.77M – $2.36M
NOI $141,530 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$3.71M
$3.24M – $4.33M
NOI $259,541 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13323, NY
11,415
Population
4,664
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
38.9 sq mi
ZIP Area
293
Density / Sq Mi
$82,060
Median Household Income
$42,768
Median Earnings
$1,126
Median Rent
$231,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS Pharmacy — 39 Meadow St, Clinton, NY 13323
- Angela M. Jaros, PharmD — 39 Meadow St, Clinton, NY 13323
- Tracy Paciello — 39 Meadow St, Clinton, NY 133231625
- Kinney Drugs Pharmacy — 12 Franklin Ave, Clinton, NY 13323
- Ann Wilcox — 39 Meadow St, Clinton, NY 133231625
Frequently Asked Questions
What type of property is this?
Drug store - Pharmacy tenancy with a century-long operating history supports this commercial retail property.
Where is this drug store located?
The property is located at 12 Franklin Ave Clinton, NY.
What is the asking price?
The asking price for this property is $2,266,667.
What are key features of this property?
This property features: 7.71% cap rate; Kinney Pharmacy occupancy; Tenant operating history of approximately one century
