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    6378 Dean Pkwy Ontario, NY 14519

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    For Sale
    Pending
    $990,000

    Multi-use property with shop, warehouse, office, and storage units.

    Lot size:
    2.02 Acres

    Property Features for 6378 Dean Pkwy

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    2.02 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Dara E. Petralia
    Dara E. Petralia
    Source: Elliman

    Listing Agency: Tru Agent Real Estate Listing Agent: Dara E. Petralia

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

    Learn more

    Overview

    Commercial and Storage Opportunity

    This multi-use property, located just off Route 104 E in Ontario, NY, offers a commercial and storage opportunity. The property includes a main building of approximately 6,900 square feet with flexible shop, warehouse, and office space. The building features high ceilings, multiple overhead doors, a vehicle lift, and lofted storage. This setup is suitable for trades, service operations, or light industrial use. Additionally, there are four self-storage buildings with 81 rentable units, providing income and added value. The property offers space, access, and opportunity, making it a turnkey setup in a prime location.
    Location Intelligence

    Current Use by Public Records

    Applegrove Mini Storage Storage Facility Knj AutoRepair Auto Repair Shop C&D Auto Sales Auto Repair Shop Nick's Insulation & Vntltn General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Wayne
    State
    New York
    Longitude
    -77.3636789
    Latitude
    43.2311059

    Nearby Similar for Sale

    • $399,000
      2,843 SF

      Mid-Century Modern Commercial Building

      Adaptable commercial building in visible location overlooking Ontario Golf Club.
      5973 Walworth Rd, Ontario, NY 14519
      View Details
    • $399,000

      Mid-Century Modern Commercial Building

      Adaptable commercial building suitable for various uses, ample parking.
      5973 Walworth Rd, Ontario, NY 14519
      View Details
    • $990,000
      Pending

      Commercial and Storage Opportunity

      Multi-use property with shop, warehouse, office space and storage.
      6378 Dean Pkwy, Ontario, NY 14519
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-use property with shop, warehouse, office, and storage units.
    Where is this flex space located?
    The property is located at 6378 Dean Pkwy Ontario, NY.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - High-exposure location just off Route 104 E.; - Boasts a ±6,900 SF main building offering flexible shop, warehouse, and office space.; - 81 rentable self-storage units provide built-in income.
    (585) 362-6810
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    6378 Dean Pkwy Ontario, NY 14519
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    Ontario, NY 14519
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    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
    6378 Dean Pkwy Ontario, NY 14519
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    We can help!
    Listing Contact
    Dara E. Petralia
    Dara E. Petralia
    (585) 362-6810
    Learn more
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