Restaurant Property with Dual
For Sale
$299,000
200 Oriskany Boulevard, Whitesboro, NY 13492
C-2-zoned commercial property with two entrances and drive-through potential subject to site plan approval.
Property Size2,280 SF
Price / SF$131.14
Days on Market26
Property Features for 200 Oriskany Boulevard
General Information
Standard status
Active
Size
2,280 SF
Zoning
C-2
Additional Details
Road Access
Yes
Building Details
Year Built
1949
Listing Agency:
Coldwell Banker Faith Properties
(315) 525-2733
Listed By:
Lori DiNardo-Emmerich · License #10401218651
Source:
Skinnercnyrealty
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 25 at 5:28AM
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 Coldwell Banker Faith Properties
Investment Insights
Based on property information with market context.
This commercial property at 200 Oriskany Blvd comprises two separate parcels with frontage along both Oriskany Boulevard and Westmoreland Street. Two entrances serve the site, supporting access from each frontage. The building was constructed in 1949 and was formerly operated as a bar and restaurant.
C-2 zoning supports a range of commercial applications, including restaurant, retail, office, and service uses. A drive-through may be added with site plan approval. The property is in Whitestown, NY, with a Walk Score of 8 and a Bike Score of 21, reflecting a primarily automobile-oriented setting.
C-2 zoning supports a range of commercial applications, including restaurant, retail, office, and service uses. A drive-through may be added with site plan approval. The property is in Whitestown, NY, with a Walk Score of 8 and a Bike Score of 21, reflecting a primarily automobile-oriented setting.
Key Highlights
- Two separate parcels with frontage on Oriskany Boulevard and Westmoreland Street
- Two entrances provide access from both street frontages
- C‑2 zoning supports restaurant, retail, office, and service uses
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
$26,261
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
8.78%
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%
$525,220
$525.2K
Cap Rate 7%
$375,157
$375.2K
Cap Rate 9%
$291,789
$291.8K
Market Conditions
NOI Build-Up for 2,280 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
$36.9K $16.20/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$35.0K $15.36/SF
− OpEx
−$8.8K −$3.84/SF
NOI
$26.3K $11.52/SF
Area
Oneida County, NY
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$525,220
Cap Rate 7%
$375,157
Cap Rate 9%
$291,789
Alternative Uses
Best Use
Specialty Retail
$375.2K
$328.3K – $437.7K
NOI $26,261 @ 7.0% cap · market cap 8.78%
Second Best
Retail
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$600.8K
$525.7K – $701.0K
NOI $42,058 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
124k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Groceries 18%
McDonald's
Dining
30,671 visits/mo
0.2 miles
Aldi
Groceries
21,970 visits/mo
0.2 miles
Hoffman Car Wash
Shops & Services
18,716 visits/mo
0.2 miles
Taco Bell
Dining
15,021 visits/mo
0.2 miles
Speedway
Shops & Services
13,721 visits/mo
0.4 miles
Demographics for 13492, NY
11,457
Population
4,983
Households
2.3
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
15.3 sq mi
ZIP Area
749
Density / Sq Mi
$84,543
Median Household Income
$48,005
Median Earnings
$920
Median Rent
$192,200
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?
Conventional restaurant - C-2-zoned commercial property with two entrances and drive-through potential subject to site plan approval.
Where is this conventional restaurant located?
The property is located at 200 Oriskany Boulevard Whitesboro, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two separate parcels with frontage on Oriskany Boulevard and Westmoreland Street; Two entrances provide access from both street frontages; C‑2 zoning supports restaurant, retail, office, and service uses
