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

    39 Genesee St Auburn, NY 13021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,590,000

    15,000 sq ft building with 20 parking spots.

    Lot size:
    0.73 Acres

    Property Features for 39 Genesee St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.73 Acres

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Todd Post
    Todd Post
    Source: Elliman

    Listing Agency: CENTURY 21 - Post Realty | Auburn Listing Agent: Todd Post

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

    Learn more

    Overview

    Downtown Auburn Storefront For Sale

    Located in the heart of downtown Auburn, this building offers 15,000 square feet of space and includes 20 parking spots. The property benefits from high visibility and traffic count, featuring 100 feet of storefront space.
    Location Intelligence

    Current Use by Public Records

    Quality Rental Purchase ... Interior Design J & J Limousine ... Limousine Service

    Suggested Use

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

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

    Similar Places Nearby

    Wegmans Floral

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5780647
    Latitude
    42.9271885

    Nearby Similar for Sale

    • New
      $220,000
      2,380 SF

      Auburn Duplex with Garage

      Vacant duplex in Auburn with renovated unit and garage.
      9 Cayuga St, Auburn, NY 13021
      View Details
    • $449,900
      Pending

      Mixed-Use Commercial Property by River

      Versatile property with office and industrial space near Owasco River.
      28 Aurelius Ave, Auburn, NY 13021
      View Details
    • $825,000

      Bowling and Banquet Center ForSale

      Multi-generational bowling and banquet center with income generation opportunities.
      1379 Clark Street Rd, Aurelius, NY 13021
      View Details
    • $790,000
      Pending

      Former School Building For Sale

      47,000+ sq ft former school suitable for redevelopment.
      89 E Genesee St, Auburn, NY 13021
      View Details
    • $825,000

      Established Restaurant with Expansion Potential

      Well-established ice cream store and restaurant with expansion opportunities.
      7342 State Street Rd, Throop, NY 13021
      View Details
    • $299,000
      Pending

      Former St. Joseph’s Rectory

      Unique 12,546 sq ft property with endless possibilities.
      10 S Lewis St, Auburn, NY 13021
      View Details
    • $89,000
      4,992 SF

      Auburn Building Near Downtown

      Building in Auburn with retail and office space.
      147 State St, Auburn, NY 13021
      View Details
    • $430,000

      Historic Auburn Building For Sale

      Historic Auburn building with renovation potential and income-producing storefronts.
      10 South St, Auburn, NY 13021
      View Details
    • $460,000

      Leased Investment Opportunity in Auburn

      Fully leased retail, office, and warehouse on 1.8 acres.
      335-337 Genesee Street Rd, Auburn, NY 13021
      View Details
    • $1,500,000

      Versatile Commercial Building in Auburn

      Well-designed commercial space suitable for various business ventures.
      399 Grant Avenue Rd, Sennett, NY 13021
      View Details
    • $1,590,000

      Downtown Auburn Retail Opportunity

      15,000 SF retail building in downtown Auburn.
      39 Genesee St, Auburn, NY 13021
      View Details
    • $399,000

      Auburn Multifamily Investment Opportunity

      Six-unit building in Auburn, New York with updated apartments.
      115 North St, Auburn, NY 13021
      View Details

    FAQs

    What type of property is this?
    Storefront property - 15,000 sq ft building with 20 parking spots.
    Where is this storefront property located?
    The property is located at 39 Genesee St Auburn, NY.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: - Prime downtown Auburn location.; - 15,000 sq ft of space.; - 20 parking spots included.
    (315) 258-3883
    Request Owner's contact information
    39 Genesee St Auburn, NY 13021
    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.
    39 Genesee St
    Auburn, NY 13021
    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
    39 Genesee St Auburn, NY 13021
    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
    Todd Post
    Todd Post
    (315) 258-3883 (315) 729-4120
    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!