Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    288 Genesee St Utica, NY 13502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Commercial space for lease near the new Wynn Hospital.

    Lot size:
    0.50 Acres

    Property Features for 288 Genesee St

    General Information

    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Jason Canarelli
    Source: Elliman

    Listing Agent: Jason Canarelli

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

    Learn more

    Property Insight Report

    Overview

    Commercial Space Near Wynn Hospital

    This commercial space is available for lease and is located near the new Wynn Hospital in downtown Utica. The property is suitable for businesses catering to the hospital community, including healthcare providers and professional services. The lease includes all utilities except internet. Off-street parking is available. The location offers high foot traffic and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Fache Anthony ... Law Firm Stang David PSY ... Physician Mohawk Valley Medical ... Medical Clinic Right Light Energy ... Interior Design Chruscicki Robert K ... Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2381478
    Latitude
    43.0983257

    Nearby Similar for Lease

    • New
      $800 /Mo
      5,088 SF

      Turn-Key Flex Space Available

      Professional flex space for lease with shared amenities in Utica.
      2219 Genesee St, Utica, NY 13501
      View Details
    • $1,500 /Mo
      1,521 SF

      Downtown Utica Office Space For Rent

      Renovated office space in Utica's Downtown Arts District.
      505 Henry St, Utica, NY 13502
      View Details
    • $1,500 /Mo
      1,600 SF

      Downtown Utica Commercial Space Available

      Prime commercial space in downtown Utica with high visibility.
      54 Franklin Sq, Utica, NY 13502
      View Details
    • $2,200 /Mo
      2,450 SF

      Utica Office Space For Rent

      Spacious office suite with high visibility and ample parking.
      2427 Chenango Rd, Utica, NY 13502
      View Details
    • $399,999
      3,292 SF

      Remodeled Office Building in Utica

      Remodeled office building in high-traffic area, suitable for various uses.
      320 Herkimer Rd, Utica, NY 13502
      View Details
    • $13 SF/Yr
      900 SF

      Renovated Office Space Available

      Newly renovated office space in downtown Utica for rent.
      287 Genesee St, Utica, NY 13501
      View Details
    • Contact for pricing
      4,600 SF

      Retail Space in Utica Center

      Retail space available in Hannaford anchored neighborhood center.
      1100-1154 Mohawk St, Utica, NY 13501
      View Details
    • Contact for pricing
      32,388 SF

      Class A Office Sublease Available

      Class A office space for sublease in Utica, New York.
      430 Court St, Utica, NY 13502
      View Details
    • Contact for pricing
      15,000 SF

      Utica Business Park Office Suites

      First floor office suites in Utica Business Park for rent.
      125 Business Park Dr, Utica, NY 13502
      View Details
    • Contact for pricing
      10,926 SF

      Office Space Near Government Buildings

      Office space for rent near city, county, and state offices.
      268 Genesee St, Utica, NY 13502
      View Details
    • Contact for pricing
      2,740 SF

      Office Space in Bagg's Square

      Office space for rent in mixed-use building, build-to-suit.
      421423 Broad St, Utica, NY 13501
      View Details
    • Contact for pricing
      39,025 SF

      Utica Business Park Office Building

      Office building in Utica Business Park with vacant space.
      126 Business Park Dr, Utica, NY 13502
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial space for lease near the new Wynn Hospital.
    Where is this office units located?
    The property is located at 288 Genesee St Utica, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near the new Wynn Hospital in downtown Utica.; - Flexible commercial space suitable for various businesses.; - All utilities included in lease (excluding internet).
    (315) 793-7500
    Request Owner's contact information
    288 Genesee St Utica, NY 13502
    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.
    288 Genesee St
    Utica, NY 13502
    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
    288 Genesee St Utica, NY 13502
    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
    Jason Canarelli
    (315) 793-7500 (315) 525-2020 (315) 272-4365
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!