Add Listing
    For Sale
    • 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

    32 Chenango Ave Kirkland, NY 13323

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $269,000

    High-traffic location suitable for various businesses, especially restaurants.

    Lot size:
    0.19 Acres

    Property Features for 32 Chenango Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.19 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Jennifer Viti
    Source: Elliman

    Listing Agent: Jennifer Viti

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

    Learn more

    Overview

    Renovated Commercial Building with Visibility

    This commercial property is situated in a high-traffic area, offering excellent visibility and ample parking. The building is ideally suited for various types of businesses, with a particular opportunity for a diner or restaurant due to the high traffic during school lunch hours. Currently, the property is operating as a pizzeria, with a storefront leased to a local bakery (bakery not included in sale). The interior and exterior have been totally renovated, and all mechanical systems are new. The building features a full basement with a bathroom, office, walk-in cooler (7 X 10), prep area, and lounge. The kitchen includes a 3-bay sink. Please note that $75,000 worth of equipment is not included in the sale, but an offer can be made with or without the equipment. This property presents a great investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Utica Bread Bakery Vit-Za Apizza Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    Oneida
    State
    New York
    Longitude
    -75.3811783
    Latitude
    43.0491885

    Nearby Similar for Sale

    • $269,000

      Renovated Restaurant Opportunity

      High-traffic location, renovated interior/exterior, full basement.
      32 Chenango Ave, Kirkland, NY 13323
      View Details
    • $189,000
      Pending

      Clinton Multi-Unit on Large Lot

      Multi-unit property with strong rental potential on 1.6 acres.
      73 Norton Ave, Kirkland, NY 13323
      View Details
    • $50,000
      Pending

      Trailer Park Land for Sale

      Land for sale to own your own trailer park.
      4953 Westmoreland Rd, Kirkland, NY 13492
      View Details
    • $189,000
      Pending

      Clinton Multi-Unit on Large Lot

      Multi-unit property on 1.6 acres with strong rental potential.
      73 Norton Ave, Kirkland, NY 13323
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic location suitable for various businesses, especially restaurants.
    Where is this restaurant located?
    The property is located at 32 Chenango Ave Kirkland, NY.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: - Prime location with high traffic, especially during lunch hour due to nearby school; - **Totally renovated interior and exterior with new mechanicals**; - Full basement with bathroom, office, walk-in cooler (7x10), prep area, and lounge
    (315) 735-4663
    Request Owner's contact information
    32 Chenango Ave Kirkland, NY 13323
    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.
    32 Chenango Ave
    Kirkland, NY 13323
    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
    32 Chenango Ave Kirkland, NY 13323
    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
    Jennifer Viti
    (315) 735-4663 (315) 269-7717
    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!