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

    Genesee St Canastota, NY 13032

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $106,000

    Open, level, commercially zoned site on a high traffic location.

    Lot size:
    4.61 Acres

    Property Features for Genesee St

    General Information

    Lot size
    4.61 Acres

    We can help!

    Listing Contact
    Michaelanne Vail
    Source: Elliman

    Listing Agent: Michaelanne Vail

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

    Learn more

    Property Insight Report

    Overview

    Commercially Zoned Site on Route

    This commercially zoned site is spacious, open, and nearly level. It is located on Route 5/Genesee St, a high traffic location, and is situated minutes from the Village of Canastota. The property offers a 3-phase power option at the road, as well as gas and water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Canastota
    County
    Madison
    State
    New York
    Longitude
    -75.7047349
    Latitude
    43.0757702

    Nearby Similar for Sale

    • $189,900
      Pending

      Two-Unit Investment Property with Lake Access

      Two-unit property on 2+ acres with lake views.
      3006 State Route 31, Canastota, NY 13032
      View Details
    • $100,000
      1,950 SF

      Canastota Duplex with Income Potential

      Duplex with separate utilities, great for rental or owner-occupancy.
      144 Canal St N, Canastota, NY 13032
      View Details
    • $315,000

      Canastota Commercial Opportunity: Double Lot

      Double lot with finished garage in R2 Business District.
      343 N Peterboro St, Canastota, NY 13032
      View Details
    • $174,500

      Three-Unit Multifamily Property

      Three-unit property generating $3,200 monthly gross rents.
      205 N Peterboro St, Canastota, NY 13032
      View Details
    • $112,900

      Canastota Multifamily Investment Opportunity

      Two-unit multifamily property on a large 1.9-acre lot.
      3797 Canal Rd Rd, Canastota, NY 13032
      View Details
    • $179,900

      Multifamily Property in Canastota Village

      Two-unit multifamily property with updated kitchen and ample parking.
      112 Prospect St, Canastota, NY 13032
      View Details
    • $499,000

      Automotive Sales & Service Building

      Masonry building suitable for automotive, retail, or office use.
      3328 Seneca Tpke Hwy, Canastota, NY 13032
      View Details
    • $499,000

      Automotive Sales & Service Building

      Masonry building suitable for automotive sales and service.
      3328 Seneca Tpke Hwy, Canastota, NY 13032
      View Details
    • $479,000
      4,861 SF

      Retail Property in Canastota, NY

      Retail property with 4861 square feet of space.
      3177 Seneca Tpke, Canastota, NY 13032
      View Details
    • $349,900
      15,999 SF

      Canastota Entertainment Complex

      Thriving Bowling Alley & More!
      3314 Seneca Tpke, Canastota, NY 13032
      View Details
    • $600,000
      5,240 SF

      Prime Canastota Commercial Building

      High-traffic location, versatile space, great visibility.
      3328 Seneca Tpke, Canastota, NY 13032
      View Details
    • $150,000

      Canastota Mixed-Use Investment Opportunity

      High-Occupancy Corner Shop, Value-Add Potential
      103 Peterboro St, Canastota, NY 13032
      View Details

    FAQs

    What type of property is this?
    Commercial land - Open, level, commercially zoned site on a high traffic location.
    Where is this commercial land located?
    The property is located at Genesee St Canastota, NY.
    What is the asking price?
    The asking price for this property is $106,000.
    What are key features of this property?
    This property features: - High traffic location on Route 5/Genesee St.; - Commercially zoned site.; - 3-phase power option at the road.
    (315) 598-1165
    Request Owner's contact information
    Genesee St Canastota, NY 13032
    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.
    Genesee St
    Canastota, NY 13032
    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
    Genesee St Canastota, NY 13032
    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
    Michaelanne Vail
    (315) 598-1165
    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.