Restaurant Property with
For Sale
$299,000
200 Oriskany Boulevard, Whitesboro, NY 13492
CommercialSale, Whitesboro, NY
Property Size2,280 SF
Lot Size0.51 Acres
Price / SF$131.14
Days on Market22
Property Features for 200 Oriskany Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Zoning description
Commercial
Parking
20
Lot features
Irregular Lot
Elementary school district
Whitesboro
Middle school district
Whitesboro
High school district
Whitesboro
Subdivision
Whitesboro-Village-307003
Standard status
Active
APN
307003-305-010-0001-057-000-0000
Size
2,280 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
7118
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1949
Floors in Building
1
Roof type
Asphalt
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
Lori DiNardo-Emmerich · License #10401218651
(315) 525-2733
Added: Aug 3
Changed: Aug 19
Last Checked: Aug 24 at 6:06PM
MLS# S1703804
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 2,280-square-foot restaurant property occupies 0.51 acres across two separate parcels. Formerly used as a bar and restaurant, the building includes two entrances and frontage on both Oriskany Boulevard and Westmoreland Street. C-2 zoning supports commercial uses including retail, restaurant, office, and service operations. A drive-through may be added subject to site plan approval.
Located at 200 Oriskany Boulevard in Whitesboro, the property provides access from both frontage streets. The building was constructed in 1949 and features natural gas forced-air heat, public sewer, and an asphalt roof. The parcel configuration and separate entrances provide distinct access points for existing operations or a future redevelopment plan.
Located at 200 Oriskany Boulevard in Whitesboro, the property provides access from both frontage streets. The building was constructed in 1949 and features natural gas forced-air heat, public sewer, and an asphalt roof. The parcel configuration and separate entrances provide distinct access points for existing operations or a future redevelopment plan.
Key Highlights
- 2,280‑square‑foot building on 0.51 acres
- Two separate parcels with frontage on Oriskany Boulevard and Westmoreland Street
- C‑2 zoning supports retail, restaurant, 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
—
—
no second resolved use
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
411
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Byrne Dairy
Shops & Services
18,434 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,654 visits/mo
0.5 miles
Dollar General
Shops & Services
11,994 visits/mo
0.4 miles
SUBWAY
Dining
4,039 visits/mo
0.3 miles
M&T Bank
Shops & Services
3,712 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 property with dual entrances and public sewer offers flexible commercial use potential.
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: 2,280‑square‑foot building on 0.51 acres; Two separate parcels with frontage on Oriskany Boulevard and Westmoreland Street; C‑2 zoning supports retail, restaurant, office, and service uses
