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    Prime Land on U.S. Route 11 Title is generated by Realmo AI

    833 Us Route 11, Hastings, NY 13036

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    For Sale
    $450,000

    Highly visible property with development potential near Route 81.

    Type:Commercial
    Property size:
    11,448 SF
    Lot size:
    5.99 Acres
    Price / SF:
    $39/SF
    Added:
    Apr 27, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 27 at 10:16 am

    Property Features for 833 Us Route 11

    General Information

    Standard status
    Active
    Size
    11,448 SF
    Lot size
    5.99 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Esther Zorn
    Esther Zorn

    Listing agent Esther Zorn License #10301207915

    Listing office Keller Williams Realty Syracuse

    Listing date Apr 27, 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 Keller Williams Realty Syracuse

    HighLights

    • 11,448 sq ft building on almost 6 acres with high visibility on U.S. Rte 11.
    • Prime location minutes from Rte 81 interchange and proposed Micron development.
    • Development potential: Build residential or commercial properties.
    • Existing building includes a large meeting space, well‑equipped kitchen, and 6‑10 offices/conference rooms.
    • Flat land with 292 feet of road frontage and accessibility.
    • Bordered by Phinney Lane, leading to Pine View Estates with high‑end homes.

    Overview

    This property features an 11,448 square foot building situated on almost 6 acres of land. The existing building includes a large meeting space, a well-equipped kitchen, and between 6 and 10 offices or small conference rooms. The land is flat and bordered by U.S. Route 11 and Phinney Lane, which provides access to Pine View Estates. The property has 292 feet of road frontage and accessibility. It is located minutes from the Route 81 interchange in Brewerton and the proposed Micron development. The property offers development potential for residential or commercial purposes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Oswego
    State
    New York
    Longitude
    -76.152123
    Latitude
    43.332404

    Nearby Similar for Sale

    • $329,000
      2,708 SF

      Hastings Multifamily Investment Opportunity

      Multifamily property with main house, rental units, and pole barn.
      1447 US Route 11, Hastings, NY 13076
      View Details
    • $329,000
      5,400 SF

      Former Bar and Restaurant on Acreage

      5,400+ SF building on 4.5 acres, commercial/residential zoning.
      1706 US Route 11, Hastings, NY
      View Details
    • $299,000

      Prime Land Near Micron Plant

      20 acres of land near Micron plant and I-81.
      1656 US-11, Hastings, NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible property with development potential near Route 81.
    Where is this commercial land located?
    The property is located at 833 Us Route 11 Hastings, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 11,448 sq ft building on almost 6 acres with high visibility on U.S. Rte 11.; Prime location minutes from Rte 81 interchange and proposed Micron development.; Development potential: Build residential or commercial properties.
    (315) 701-6900
    We can help!
    Listing Contact
    Esther Zorn
    Esther Zorn
    Real Estate License ID: 10301207915
    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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