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    Versatile Commercial Space in Homer Title is generated by Realmo AI

    82 Copeland Ave, Homer, NY 13077

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    For Lease
    $21 SF/Yr $8,092/Mo (calc)

    4,624 sq. ft. commercial space with customization options.

    Type:Commercial
    Property size:
    4,624 SF
    Lot size:
    1.38 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 21 at 7:39 am

    Property Features for 82 Copeland Ave

    General Information

    Standard status
    Active
    Size
    4,624 SF
    Lot size
    1.38 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Dana Decker

    Listing agent Dana Decker License #10491206226

    Listing office Berkshire Hathaway HomeServices Heritage Realty

    Listing date Mar 24, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Heritage Realty

    HighLights

    • Exceptional accessibility and visibility from State Route 281 and Interstate 81.
    • Large 4,624 sq. ft. commercial space.
    • Flexibility to be divided into three separate units.
    • Owner is open to build‑to‑suit options, allowing for customization.
    • Over 50 on‑site parking spaces.
    • High traffic counts.

    Overview

    Located at 82 Copeland Avenue in Homer, NY, this commercial property offers 4,624 sq. ft. of space. The property is situated adjacent to State Route 281 and interstate 81, providing accessibility and visibility. The building can be divided into three separate units, offering customization options to suit various business needs. The owner is open to build-to-suit options. Over 50 on-site parking spaces are available. The location is near Homer High School, the Cortland Country Club, and various medical offices and professional buildings. The property benefits from high traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gaurav Jaswal, MD Pediatrician Pan Dorothy C ... Physician Khadim Haider A MD Physician Hematology Oncology Central ... Medical Clinic Guthrie Homer Medical Clinic

    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
    Homer
    County
    Cortland
    State
    New York
    Longitude
    -76.1913966
    Latitude
    42.6284549

    Nearby Similar for Lease

    • $21 SF/Yr
      4,624 SF

      Versatile Commercial Space in Homer, NY

      4,624 sq ft commercial space with customization options available.
      82 Copeland Avenue, Homer, NY 13077
      View Details
    • $1,300/Mo
      2,680 SF

      Homer Office Space For Rent

      Unique office space in Homer, suitable for various businesses.
      21 S West Street, Homer, NY 13077
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    • $850/Mo
      7,302 SF

      Homer Retail/Office Space Available

      Versatile commercial space in Homer, suitable for retail or office.
      104 Unit B N West Street, Homer, NY 13077
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,624 sq. ft. commercial space with customization options.
    Where is this retail space located?
    The property is located at 82 Copeland Ave Homer, NY.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Exceptional accessibility and visibility from State Route 281 and Interstate 81.; Large 4,624 sq. ft. commercial space.; Flexibility to be divided into three separate units.
    (607) 423-4719
    We can help!
    Listing Contact
    Dana Decker
    Real Estate License ID: 10491206226
    Learn More
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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
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