Flex Property With Two
For Sale
Contact for pricing
2200 State Route 14, Geneva, NY 14456
Two-building layout supports light industrial, warehouse, retail, or office operations.
Property Size5,800 SF
Lot Size7.00 Acres
Price / SF$84.31
Days on Market43
Property Features for 2200 State Route 14
General Information
Standard status
Active
Size
5,800 SF
Lot size
7.00 Acres
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Building Details
Buildings
2
Listing Agency:
Century 21 - Hometown Realty | San Luis Obispo
(805) 541-1921
Listed By:
Kenneth Harris · License #00497905
(650) 796-2121
Source:
Moodyscre
Added: Jul 27
Changed: Sep 6
Last Checked: Sep 7 at 10:39AM
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 Century 21 - Hometown Realty | San Luis Obispo
Investment Insights
Based on property information with market context.
This flex property includes two buildings with a combined 5,800 square feet of flexible commercial space. The layout is suited to light industrial, warehouse, retail, or office operations, with room for expansion and ample parking across the 7-acre site.
Located on State Route 14 in Geneva, the property offers access to a high-traffic commercial corridor and sits minutes from the New York State Thruway at I-90. Its position between Rochester and Syracuse places it within the Finger Lakes region and supports business and distribution uses serving Upstate New York.
Located on State Route 14 in Geneva, the property offers access to a high-traffic commercial corridor and sits minutes from the New York State Thruway at I-90. Its position between Rochester and Syracuse places it within the Finger Lakes region and supports business and distribution uses serving Upstate New York.
Key Highlights
- Two buildings with a combined 5,800 square feet of flexible commercial space
- 7‑acre commercial site with room for expansion
- Suitable for light industrial, warehouse, retail, or office operations
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
$43,278
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
8.85%
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%
$865,560
$865.6K
Cap Rate 7%
$618,257
$618.3K
Cap Rate 9%
$480,867
$480.9K
Market Conditions
NOI Build-Up for 5,800 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
$55.0K $9.48/SF
− Vacancy
−$4.1K −$0.70/SF
EGI
$50.9K $8.78/SF
− OpEx
−$7.6K −$1.32/SF
NOI
$43.3K $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 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%
$865,560
Cap Rate 7%
$618,257
Cap Rate 9%
$480,867
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,832 @ 7.0% cap · market cap 18.98%
Second Best
Retail
$1.07M
$937.2K – $1.25M
NOI $74,976 @ 7.0% cap · market cap 15.33%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,522 @ 7.0% cap · market cap 24.85%
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
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14456, NY
19,602
Population
9,087
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
77.3 sq mi
ZIP Area
254
Density / Sq Mi
$74,691
Median Household Income
$38,782
Median Earnings
$967
Median Rent
$166,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building layout supports light industrial, warehouse, retail, or office operations.
Where is this flex space located?
The property is located at 2200 State Route 14 Geneva, NY.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two buildings with a combined 5,800 square feet of flexible commercial space; 7‑acre commercial site with room for expansion; Suitable for light industrial, warehouse, retail, or office operations
