Fulton Commercial Building For
For Sale
$649,000
801 W Broadway, Fulton, NY 13069
High-visibility commercial building suitable for retail, office, or service businesses.
Property Size3,871 SF
Price / SF$167.66
Days on Market144
Property Features for 801 W Broadway
General Information
Standard status
Active
Size
3,871 SF
Listing Agency:
Rooftop Realty Group LLC
(315) 944-2198
Listed By:
Mark Cardone · License #10491208497
(315) 456-8926
Source:
Nicholcityrealty
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 14 at 12:33PM
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 Rooftop Realty Group LLC
Investment Insights
Based on property information with market context.
This free-standing commercial building in Fulton offers high visibility on West Broadway. Currently home to Fort Frisbee, the property is suitable for retail, recreation, service, or office users seeking strong traffic counts and brand presence. The interior layout allows for subdivision into two or three separate units or use as a single-tenant space. The property benefits from dual access points from both West Broadway and Phillips Street, providing convenient entry and exit.
Key Highlights
- High‑visibility location on busy West Broadway with strong traffic counts.
- Versatile interior layout allows for subdivision into multiple units or single‑tenant use.
- Excellent fit for retail, recreation, service, or office users.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,381
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,620
$747.6K
Cap Rate 7%
$534,014
$534.0K
Cap Rate 9%
$415,344
$415.3K
Market Conditions
NOI Build-Up for 3,871 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.7K $14.40/SF
− Vacancy
−$2.3K −$0.60/SF
EGI
$53.4K $13.80/SF
− OpEx
−$16.0K −$4.14/SF
NOI
$37.4K $9.66/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,620
Cap Rate 7%
$534,014
Cap Rate 9%
$415,344
Alternative Uses
Best Use
Retail
$534.0K
$467.3K – $623.0K
NOI $37,381 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,048 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 24%
Home Improvements & Furnishings 23%
Byrne Dairy
Shops & Services
22,131 visits/mo
0.2 miles
Dunkin' Donuts
Dining
12,011 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
11,769 visits/mo
0.2 miles
Kwik Fill
Shops & Services
3,487 visits/mo
0.1 miles
NBT Bank
Shops & Services
1,408 visits/mo
0.1 miles
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility commercial building suitable for retail, office, or service businesses.
Where is this retail space located?
The property is located at 801 W Broadway Fulton, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: High‑visibility location on busy West Broadway with strong traffic counts.; Versatile interior layout allows for subdivision into multiple units or single‑tenant use.; Excellent fit for retail, recreation, service, or office users.
