Flex Space with Office
2080 Cranebrook Drive, Auburn, NY 13021
For Sale
$1,500,000
The commercial building combines office, work, and operational areas under C, Commercial zoning.
Property Size7,478 SF
Lot Size2.00 Acres
Price / SF$200.59
Days on Market67
Property Features for 2080 Cranebrook Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
The Real Estate Agency
Listed By:
Matthew Chalanick · License NY #10371200877
(315) 604-0718
Source:
Geneseeriverrealty
Added: Sep 4
Changed: Nov 9
Last Checked: Nov 9 at 9:44AM
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 The Real Estate Agency
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Investment Insights
Based on property information with market context.
This 7,478-square-foot flex property includes professional office space alongside work and operational areas. The building was constructed in 1997 and sits on approximately 2 acres, with about 40 on-site parking spaces.
Located at 2080 Cranebrook Drive in Auburn, the property is zoned C, Commercial.
Located at 2080 Cranebrook Drive in Auburn, the property is zoned C, Commercial.
Key Highlights
- 7,478‑square‑foot flex building
- Approximately 2 acres
- About 40 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,909
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,180
$1.9M
Cap Rate 7%
$1,341,557
$1.3M
Cap Rate 9%
$1,043,433
$1.0M
Market Conditions
NOI Build-Up for 7,478 SF
Gross rent
$157.0K $21.00/SF
− Vacancy
−$12.6K −$1.68/SF
EGI
$144.5K $19.32/SF
− OpEx
−$50.6K −$6.76/SF
NOI
$93.9K $12.56/SF
Area
Cayuga County, NY
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,180
Cap Rate 7%
$1,341,557
Cap Rate 9%
$1,043,433
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.17M – $1.57M
NOI $93,909 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$660.7K
$578.1K – $770.8K
NOI $46,250 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,011 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The commercial building combines office, work, and operational areas under C, Commercial zoning.
Where is this flex space located?
The property is located at 2080 Cranebrook Drive Auburn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,478‑square‑foot flex building; Approximately 2 acres; About 40 on‑site parking spaces
