Flex Space with Heated
2163 State Route 21, Canandaigua, NY 14424
For Sale
$289,900
SB-MU zoning accompanies a layout with office rooms, a kitchenette, and warehouse space.
Property Size3,237 SF
Price / SF$89.56
Days on Market56
Property Features for 2163 State Route 21
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Additional Details
Drive-In Doors
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
reception/meeting area
kitchenette
offices
heated warehouse/garage
oversized storage space
ADA-compliant restroom
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Real Estate Advantage
(716) 484-2020
Listed By:
Richard J. Benedetto · License NY 31BE0882362
(716) 665-9403
Source:
Chautauqualakehomesforsale
Added: Sep 15
Changed: Nov 9
Last Checked: Nov 9 at 3:05PM
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 Real Estate Advantage
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Investment Insights
Based on property information with market context.
This 3,237-square-foot flex property combines a reception and meeting area, kitchenette, four offices, and a heated warehouse/garage with a 10-by-10-foot garage door. Oversized storage at the rear has a separate garage door. The building also includes an ADA-compliant restroom and furnishings and equipment such as desks, chairs, a conference table, refrigerator, coffee pot, and hardwired camera system.
Updates include the roof, electrical system, windows, HVAC, ductwork, septic and leach field, and energy-efficient lighting. The property was built in 1970 and is zoned SB-MU, Commercial. A NYSEG right of way crosses the left side of the property.
Updates include the roof, electrical system, windows, HVAC, ductwork, septic and leach field, and energy-efficient lighting. The property was built in 1970 and is zoned SB-MU, Commercial. A NYSEG right of way crosses the left side of the property.
Key Highlights
- 3,237‑square‑foot flex space with four offices and a reception/meeting area
- Heated warehouse/garage has a 10x10 garage door
- Oversized rear storage area has its own garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,154
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,080
$483.1K
Cap Rate 7%
$345,057
$345.1K
Cap Rate 9%
$268,378
$268.4K
Market Conditions
NOI Build-Up for 3,237 SF
Gross rent
$30.7K $9.48/SF
− Vacancy
−$2.3K −$0.70/SF
EGI
$28.4K $8.78/SF
− OpEx
−$4.3K −$1.32/SF
NOI
$24.2K $7.46/SF
Area
Ontario County, NY
Vacancy
7.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,080
Cap Rate 7%
$345,057
Cap Rate 9%
$268,378
Alternative Uses
Best Use
Warehouse
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 8.33%
Second Best
Industrial
$284.2K
$248.6K – $331.5K
NOI $19,891 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$968.9K
$847.8K – $1.13M
NOI $67,822 @ 7.0% cap · market cap 23.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - SB-MU zoning accompanies a layout with office rooms, a kitchenette, and warehouse space.
Where is this flex space located?
The property is located at 2163 State Route 21 Canandaigua, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 3,237‑square‑foot flex space with four offices and a reception/meeting area; Heated warehouse/garage has a 10x10 garage door; Oversized rear storage area has its own garage door
