Listing Agency: The Young Agency

Listed By: David L. Ansuini Show Phone

Source: Nicholcityrealty

Added: Jul 25 Changed: Oct 7 Last Checked: Oct 20 at 8:14PM

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Investment Insights

Based on property information with market context.

Unit 9 at Finger Lakes Crossings Plaza offers 1,500 SF of vacant commercial space in a retail setting. The property is presented as a triple-net opportunity, with lease terms open for negotiation.

The plaza is located at 1626 Clark St Rd in Aurelius, NY, and records traffic of more than 11,000 cars per day. National anchors at the center include Home Depot, Chili’s, and Kohl’s, alongside additional businesses serving shoppers from the surrounding area.

Key Highlights

• 1,500 SF vacant Unit 9 at Finger Lakes Crossings Plaza
• Triple‑net opportunity with negotiable lease terms
• More than 11,000 cars per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,370

Suggested Prices Based on Cap Rates

Cap Rate 5%

$307,400 $307.4K

Cap Rate 7%

$219,571 $219.6K

Cap Rate 9%

$170,778 $170.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,528 SF

Gross rent

$22.9K $15.00/SF

− Vacancy

−$963 −$0.63/SF

EGI

$22.0K $14.37/SF

− OpEx

−$6.6K −$4.31/SF

NOI

$15.4K $10.06/SF

Area

Cayuga County, NY

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$307,400

Cap Rate 7%

$219,571

Cap Rate 9%

$170,778

Alternative Uses

Best Use

Retail

$219.6K

$192.1K – $256.2K (±1% cap)

NOI $15,370 @ 7.0% cap · market cap 96,062.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$338.6K

$296.3K – $395.1K (±1% cap)

NOI $23,705 @ 7.0% cap · market cap 148,156.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

CosmoProf (Bike/Boat/Book/etc) Store Super Cuts Barber Shop OneMain Financial Loan Service Dollar Tree Discount Store Verizon Mobile Phone Store

Suggested Use

Top Pick Pharmacy Auto Parts Store Grocery & Convenience Store Plumbing Service Hair Salon (Bike/Boat/Book/etc) Store

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

11,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

215

Businesses Nearby

155k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 33% Shops & Services 30% Dining 20% Home Improvements & Furnishings 15%

Kohl's Apparel

33,298 visits/mo 0.2 miles

The Home Depot Home Improvements & Furnishings

22,827 visits/mo 0.2 miles

DICK'S Sporting Goods Apparel

17,935 visits/mo 0.1 miles

Chili's Grill & Bar Dining

16,524 visits/mo 0.1 miles

Ollie's Bargain Outlet Shops & Services

15,814 visits/mo 0.0 miles

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

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

Frequently Asked Questions

What type of property is this?

NNN property - Available commercial space within a retail plaza anchored by established national tenants.

Where is this nnn property located?

The property is located at 1626 Clark St Rd Aurelius, NY.

What are key features of this property?

This property features: 1,500 SF vacant Unit 9 at Finger Lakes Crossings Plaza; Triple‑net opportunity with negotiable lease terms; More than 11,000 cars per day