Light Manufacturing Warehouse
20 BOMAX DR Ithaca, NY 14850
20 BOMAX DR, Ithaca, NY, 14850
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For Sale
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Industrial facility with high-bay warehouse, 30-foot ceilings, and substantial office space on 7.54 acres.
Property Size73,825 SF
Lot Size7.54 Acres
Price / SF$83.98
Days on Market84
Property Features for 20 BOMAX DR
General Information
- Standard status
- Active
- Size
- 73,825 SF
- Lot size
- 7.54 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing agency
Golden Star Realty Group
Listed by
Joe Goldberg · License #States
Source
Crexi
Added: Apr 30 Updated: Jul 22 at 4:23AM Checked: Jul 22 at 4:23AM
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 Golden Star Realty Group
Investment Insights
Based on property information with market context.
This industrial facility includes a 7,500-square-foot high-bay warehouse with 30-foot ceilings, along with approximately 18,066 square feet of class A office space. The remaining 55,821 square feet is configured for light manufacturing/warehouse use, supported by cement slab floors and a fully sprinklered system. Loading access consists of four elevated loading docks, with two dedicated to shipping and two dedicated to receiving.
The property is situated on 7.54 acres and is described as being directly across from the Regional airport and the Cornell Business and Technology Park, just off Warren Rd.
Overall, the building offers a combined warehouse and office configuration, with dock capacity for both shipping and receiving and a sprinklered high-bay environment designed for industrial operations.
The property is situated on 7.54 acres and is described as being directly across from the Regional airport and the Cornell Business and Technology Park, just off Warren Rd.
Overall, the building offers a combined warehouse and office configuration, with dock capacity for both shipping and receiving and a sprinklered high-bay environment designed for industrial operations.
Key Highlights
- 73,887 SF industrial facility with a 7,500 SF high‑bay warehouse featuring 30 ft ceilings
- 18,066 SF of Class A office space plus 55,821 SF of light manufacturing/warehouse space
- Cement slab floors and fully sprinklered building
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $699.9k | $9.48 |
| − Vacancy | −$47.6k | −$0.64 |
| EGI | $652.3k | $8.84 |
| − OpEx | −$195.7k | −$2.65 |
| NOI | $456.6k | $6.18 |
73,825 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$17.47M
$15.29M – $20.38M
NOI $1,223,074 @ 7.0% cap · market cap 19.73%
Second Best
Warehouse
$12.88M
$11.27M – $15.03M
NOI $901,735 @ 7.0% cap · market cap 14.54%
Theoretical Best
Office A
$23.04M
$20.16M – $26.88M
NOI $1,612,565 @ 7.0% cap · market cap 26.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TransAct Technologies Inc
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Industrial facility with high-bay warehouse, 30-foot ceilings, and substantial office space on 7.54 acres.
Where is this manufacturing property located?
The property is located at 20 BOMAX DR Ithaca, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 73,887 SF industrial facility with a 7,500 SF high‑bay warehouse featuring 30 ft ceilings; 18,066 SF of Class A office space plus 55,821 SF of light manufacturing/warehouse space; Cement slab floors and fully sprinklered building
