Renovated Medical Office
For Sale
Contact for pricing
134 North Street, Auburn, NY 13021
Renovated medical office with exam rooms, sinks, central air, and dedicated rear access.
Property Size2,200 SF
Price / SF$1.27
Days on Market99
Property Features for 134 North Street
General Information
Standard status
Active
Size
2,200 SF
Amenities
central air
private rear entrance
open reception area
exam rooms
breakroom
storage
Listing Agency:
Alliance RE Specialists
Listed By:
Michael Hardesty · License #10401348318
(315) 532-0793
Source:
Nicholcityrealty
Added: Jul 12
Changed: Oct 4
Last Checked: Oct 16 at 9:03AM
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 Alliance RE Specialists
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Investment Insights
Based on property information with market context.
This 2,200-square-foot medical office property features a renovated interior with central air and a layout suited to professional operations. The floor plan includes an open reception area, five exam rooms with sinks, and three additional rooms, including a large breakroom. Storage space is also available for records and supplies.
A private rear entrance connects to ample parking and provides a separate point of access. The property is located near Auburn Community Hospital at 134 North Street in Auburn, New York, placing the office close to a major local healthcare facility. The existing configuration can support medical, consulting, or other office-based operations.
A private rear entrance connects to ample parking and provides a separate point of access. The property is located near Auburn Community Hospital at 134 North Street in Auburn, New York, placing the office close to a major local healthcare facility. The existing configuration can support medical, consulting, or other office-based operations.
Key Highlights
- 2,200 Sq. Ft. renovated medical office space
- Five exam rooms, each equipped with a sink
- Three additional rooms, including a large breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,374
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,480
$547.5K
Cap Rate 7%
$391,057
$391.1K
Cap Rate 9%
$304,156
$304.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$46.2K $21.00/SF
− Vacancy
−$9.7K −$4.41/SF
EGI
$36.5K $16.59/SF
− OpEx
−$9.1K −$4.15/SF
NOI
$27.4K $12.44/SF
Area
Cayuga County, NY
Vacancy
21.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,480
Cap Rate 7%
$391,057
Cap Rate 9%
$304,156
Alternative Uses
Best Use
Healthcare Medical
$471.0K
$412.1K – $549.5K
NOI $32,967 @ 7.0% cap · market cap 1,177.39%
Second Best
Office B
$391.1K
$342.2K – $456.2K
NOI $27,374 @ 7.0% cap · market cap 977.64%
Theoretical Best
Office A
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 1,218.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated medical office with exam rooms, sinks, central air, and dedicated rear access.
Where is this medical office space located?
The property is located at 134 North Street Auburn, NY.
What are key features of this property?
This property features: 2,200 Sq. Ft. renovated medical office space; Five exam rooms, each equipped with a sink; Three additional rooms, including a large breakroom
