Add Listing
    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

    367 State Route 264 Schroeppel, NY 13135

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $310,000

    Commercial land ideal for development, close to State Route.

    Lot size:
    20.09 Acres

    Property Features for 367 State Route 264

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    20.09 Acres

    We can help!

    Listing Contact
    Allen T. Olmsted
    Allen T. Olmsted
    Source: Elliman

    Listing Agency: canaan realty Listing Agent: Allen T. Olmsted

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

    Learn more

    Overview

    Large Acreage Building Site

    This large acreage building site is zoned Commercial (C1) and is suitable for development. The land is situated 1200' off the on-ramp to State Route 418, and a 20-minute drive from the proposed Micron plant. The land is level and lightly wooded, featuring dual access frontage. It is suitable for a variety of commercial uses, including a shopping center, restaurant, commercial parking lot, gas station, sales yards, and mini storage, offering commute connectivity to surrounding areas.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Skin Care Clinic Food Market Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Schroeppel
    County
    Oswego
    State
    New York
    Longitude
    -76.3046542
    Latitude
    43.2573275

    Nearby Similar for Sale

    • $625,000

      Multifamily Property Near Micron Plant

      Multifamily property near Micron chip plant development in Oswego County.
      42 Island Rd, Phoenix, NY 13135
      View Details
    • $750,000

      Schroeppel Farm For Sale

      Farm and agricultural property available in Schroeppel, New York.
      Gilbert Mills Rd, Schroeppel, NY 13069
      View Details
    • $750,000

      Schroeppel Farm Land For Sale

      Farm land available for sale in Schroeppel, New York.
      377 Chesbro Rd, Schroeppel, NY 13132
      View Details
    • $1,795,000
      Pending

      Schroeppel Farm and Agricultural Property

      Farm and agricultural property for sale in Schroeppel, NY.
      115 Hilltop Dr, Schroeppel, NY 13135
      View Details
    • Contact for pricing
      23,225 SF

      Industrial Facility in Oswego County

      23,225 sq ft industrial facility with cranes and ample power.
      67 County Route 59, Phoenix, NY 13135
      View Details
    • $310,000
      20.09 Acres

      Prime Phoenix Commercial Land

      20-Acre Development Site Near Micron
      367 State Route 264, Phoenix, NY 13135
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land ideal for development, close to State Route.
    Where is this commercial land located?
    The property is located at 367 State Route 264 Schroeppel, NY.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Large acreage building site ideal for development.; - Excellent location: only 1200' off State Route 418 on-ramp.; - Commercial (C1) zoning allows for a variety of commercial uses.
    (315) 682-4500
    Request Owner's contact information
    367 State Route 264 Schroeppel, NY 13135
    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.
    367 State Route 264
    Schroeppel, NY 13135
    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
    367 State Route 264 Schroeppel, NY 13135
    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
    Allen T. Olmsted
    Allen T. Olmsted
    Real Estate License ID: 37OL0750434
    (315) 682-4500 (315) 374-1032 (518) 588-9063
    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!