Listing Agency: Pavia Real Estate Services Show Phone

Listed By: Dominic Pavia · License #49PA1151344

Source: Moodyscre

Added: Oct 8 Changed: Oct 10 Last Checked: Oct 10 at 2:27AM

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Investment Insights

Based on property information with market context.

This 10,000-square-foot flex property combines office and warehouse areas, with two loading docks serving the warehouse space.

The property is near Oneida County Business Park and close to NYS I-90, 840, and 233.

Key Highlights

• 10,000 square feet of flex space
• Office and warehouse areas in one property
• Two loading docks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,504

Cap Rate

7.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,510,080 $1.5M

Cap Rate 7%

$1,078,629 $1.1M

Cap Rate 9%

$838,933 $838.9K

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$132.0K $13.20/SF

− Vacancy

−$15.8K −$1.58/SF

EGI

$116.2K $11.62/SF

− OpEx

−$40.7K −$4.07/SF

NOI

$75.5K $7.55/SF

Area

Oneida County, NY

Vacancy

12.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,510,080

Cap Rate 7%

$1,078,629

Cap Rate 9%

$838,933

Alternative Uses

Best Use

Flex RnD

$1.08M

$943.8K – $1.26M (±1% cap)

NOI $75,504 @ 7.0% cap · market cap 7.56%

Second Best

Warehouse

$1.07M

$938.8K – $1.25M (±1% cap)

NOI $75,101 @ 7.0% cap · market cap 7.52%

Theoretical Best

Office A

$2.64M

$2.31M – $3.07M (±1% cap)

NOI $184,464 @ 7.0% cap · market cap 18.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Coventya Inc Chemical Plant

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Garden Center Storage Facility Kitchen & Bath Showroom Electrical Service

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

2

Dock-high doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13424, NY

2,450

Population

1,023

Households

2.4

Avg Household Size

40

Median Age

29%

College-Educated

93%

High-School Grad

12.0 sq mi

ZIP Area

204

Density / Sq Mi

$90,179

Median Household Income

$55,813

Median Earnings

$888

Median Rent

$205,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas provide a mix of workspace and storage within the same property.

Where is this flex space located?

The property is located at 132 Clear Rd Oriskany, NY.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 10,000 square feet of flex space; Office and warehouse areas in one property; Two loading docks