Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Convenience Store on Main Title is generated by Realmo AI

    205 Fall St, Seneca Falls, NY 13148

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former convenience store suitable for retail, service, or medical office.

    Type:Retail
    Property size:
    2,481 SF
    Price / SF:
    $60/SF
    Added:
    Nov 1, 2022
    Days on Market:
    1298
    Last Refresh:
    May 12 at 8:42 pm

    Property Features for 205 Fall St

    General Information

    Standard status
    Active
    Size
    2,481 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Samuel Vulcano

    Listing agent Samuel Vulcano License #NY 10301222938

    Listing office Caliber Commercial Brokerage

    Listing date Nov 1, 2022

    Source Crexi

    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 Caliber Commercial Brokerage

    HighLights

    • High‑visibility location on a signalized intersection.
    • Frontage on 3 streets.
    • Located on the main street in the center of Seneca Falls.
    • Corner location leading to a bridge.
    • Suitable for a variety of businesses (service provider, retail, car dealership, medical office).
    • Former convenience store.

    Overview

    This is a former convenience store situated on Main Street in the center of Seneca Falls. The property is located at a signalized intersection and features frontage on three streets. Its corner location leads to a bridge that crosses the river, which separates the north and south parts of Seneca Falls. The property, with a size of 2481 square feet, is suitable for a service provider, retail store, car dealership, or medical office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seneca Falls
    County
    Seneca
    State
    New York
    Longitude
    -76.8061702
    Latitude
    42.9099844

    Nearby Similar for Sale

    • $169,000
      2,172 SF

      Seneca Falls Duplex Opportunity

      Well-maintained duplex with two units, garage, and investment potential.
      192 Fall Street, Seneca Falls, NY 13148
      View Details
    • $162,500
      2,208 SF

      Seneca Falls Multifamily Waterfront Property

      Well-maintained duplex with waterfront access in the Finger Lakes region.
      13 Center Street, Seneca Falls, NY 13148
      View Details
    • $1,500,000
      3,444 SF

      Gas Station in Seneca Falls

      Gas station in Seneca Falls, NY, with high traffic.
      38 Auburn Road, Seneca Falls, NY
      View Details
    • $162,500

      Seneca Falls Multifamily Home

      Well-maintained duplex with waterfront access in the Finger Lakes.
      13 Center St 11, Seneca Falls, NY 13148
      View Details
    • $1,700,000
      34,000 SF

      Waterfront Redevelopment Opportunity

      32-unit apartment building with redevelopment potential in Seneca Falls, NY.
      2 Fall Street, Seneca Falls, NY, 13148
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Former convenience store suitable for retail, service, or medical office.
    Where is this grocery and convenience store located?
    The property is located at 205 Fall St Seneca Falls, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: High‑visibility location on a signalized intersection.; Frontage on 3 streets.; Located on the main street in the center of Seneca Falls.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Samuel Vulcano
    Real Estate License ID: NY 10301222938
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    205 Fall St, Seneca Falls, NY 13148
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!