Building Details

Building Size 3,072 SF

Year Built 1981

Stories 1

Listing Agency: HUNT Commercial

Listed By: Steven Reed · License #10301215830 Show Phone

Source: Commercialcafe

Added: Jul 26 Changed: Sep 6 Last Checked: Sep 14 at 6:31AM

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Investment Insights

Based on property information with market context.

This former bank branch is a freestanding, single-story commercial building with an existing drive-through lane and canopy. The property includes a practical drive-through configuration and a layout originally designed for financial services, and it may be suitable for a range of commercial office, retail, or services uses subject to municipal approvals.

The building is situated on a corner parcel in the Village of Camden, Oneida County, along Main Street (NYS Route 69). It offers approximately 129 feet of frontage on Main Street and includes 12 dedicated parking spaces for customer and staff access.

Constructed in 1981, the property totals 3,072± square feet and is positioned for day-to-day accessibility and visibility from the main thoroughfare.

Key Highlights

• Former bank branch with an existing drive‑through lane and canopy
• Freestanding single‑story commercial building totaling 3,072± SF
• 0.56‑acre (24,335± SF) corner parcel with approximately 129 feet of frontage on Main Street (NYS Route 69)

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

$35,384

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

7.88%

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%

$707,680 $707.7K

Cap Rate 7%

$505,486 $505.5K

Cap Rate 9%

$393,156 $393.2K

Market Conditions

NOI Build-Up for 3,072 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

$49.8K $16.20/SF

− Vacancy

−$2.6K −$0.84/SF

EGI

$47.2K $15.36/SF

− OpEx

−$11.8K −$3.84/SF

NOI

$35.4K $11.52/SF

Area

Oneida County, NY

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

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%

$707,680

Cap Rate 7%

$505,486

Cap Rate 9%

$393,156

Alternative Uses

Best Use

Specialty Retail

$505.5K

$442.3K – $589.7K (±1% cap)

NOI $35,384 @ 7.0% cap · market cap 7.88%

Second Best

Retail

$441.4K

$386.3K – $515.0K (±1% cap)

NOI $30,901 @ 7.0% cap · market cap 6.88%

Theoretical Best

Office A

$809.5K

$708.3K – $944.5K (±1% cap)

NOI $56,667 @ 7.0% cap · market cap 12.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

M&T Bank ATM Atm M&T Bank Bank

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

236

Businesses Nearby

36k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Dining 34%

Byrne Dairy Shops & Services

9,645 visits/mo 0.1 miles

Dunkin' Donuts Dining

9,218 visits/mo 0.1 miles

Dollar General Shops & Services

7,731 visits/mo 0.2 miles

Family Dollar Shops & Services

2,274 visits/mo 0.1 miles

M&T Bank Shops & Services

2,118 visits/mo 0.1 miles

Demographics for 13316, NY

6,512

Population

3,175

Households

2.1

Avg Household Size

44

Median Age

21%

College-Educated

91%

High-School Grad

169.9 sq mi

ZIP Area

38

Density / Sq Mi

$62,941

Median Household Income

$45,506

Median Earnings

$800

Median Rent

$158,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bank - Freestanding single-story building with an existing drive-through lane and canopy, offering approximately 129 feet of Main Street frontage.

Where is this bank located?

The property is located at 7 Main St Camden, NY.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Former bank branch with an existing drive‑through lane and canopy; Freestanding single‑story commercial building totaling 3,072± SF; 0.56‑acre (24,335± SF) corner parcel with approximately 129 feet of frontage on Main Street (NYS Route 69)