Mixed-Use Property with Auto
New
For Sale
$289,000
13560 Genesee Street, Alden, NY 14001
CommercialSale, Alden, NY
Property Size2,908 SF
Lot Size0.71 Acres
Price / SF$99.38
Days on Market2
Property Features for 13560 Genesee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school district
Alden
Middle school district
Alden
High school district
Alden
Directions
Walden to Genesee
Subdivision
Alden-142089
Standard status
Active
APN
142089-086-040-0001-003-000
Size
2,908 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Annual Amount
6756
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Zoned, Oil, Baseboard, Forced Air
Cooling system
Zoned
Water source
Well
Amenities
separate residential apartment upstairs
Building Details
Year built
1940
Floors in Building
1
Flooring type
Linoleum, Hardwood, Varies, Vinyl, Concrete
Roof type
Asphalt, Metal, Shingle
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Lidia Egleston · License #10401345761
(716) 207-6976
Added: Aug 26
Last Checked: Aug 27 at 6:06PM
MLS# B1709364
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 2,908-square-foot commercial building with three automotive service bays and a separate apartment on the upper level. The building dates to 1940 and includes natural gas and oil heating systems, zoned cooling, and a combination of concrete, hardwood, vinyl, linoleum, and varied flooring. Water is supplied by a well, with septic service on site.
The 0.71-acre parcel is located at 13560 Genesee Street in Alden, NY 14001, providing open ground for parking, vehicle storage, and outdoor commercial use. Zoned C2, the property is being offered as-is. The sale includes the building and land only; business operations, equipment, tools, inventory, and personal property are excluded.
The 0.71-acre parcel is located at 13560 Genesee Street in Alden, NY 14001, providing open ground for parking, vehicle storage, and outdoor commercial use. Zoned C2, the property is being offered as-is. The sale includes the building and land only; business operations, equipment, tools, inventory, and personal property are excluded.
Key Highlights
- 2,908 SF mixed‑use commercial building on 0.71 acres
- Three automotive service bays with a history of automotive use
- Separate residential apartment located upstairs
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
$26,147
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
9.05%
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%
$522,940
$522.9K
Cap Rate 7%
$373,529
$373.5K
Cap Rate 9%
$290,522
$290.5K
Market Conditions
NOI Build-Up for 2,908 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
$41.9K $14.40/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$37.4K $12.84/SF
− OpEx
−$11.2K −$3.85/SF
NOI
$26.1K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
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%
$522,940
Cap Rate 7%
$373,529
Cap Rate 9%
$290,522
Alternative Uses
Best Use
Mixed Use
$390.2K
$341.5K – $455.3K
NOI $27,317 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$373.5K
$326.8K – $435.8K
NOI $26,147 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$635.7K
$556.2K – $741.7K
NOI $44,499 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 14001, NY
9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned building includes an upstairs apartment and dedicated commercial space.
Where is this mixed-use property located?
The property is located at 13560 Genesee Street Alden, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,908 SF mixed‑use commercial building on 0.71 acres; Three automotive service bays with a history of automotive use; Separate residential apartment located upstairs
