255 Grant Ave, Auburn, NY 13021
Located in the heart of the Finger Lakes Region.
- Added:
- Dec 2, 2021
- Days on Market:
- 1677
- Last Refresh:
- Jul 2 at 8:35 am
Property Features for 255 Grant Ave
General Information
- Standard status
- Active
- Size
- 11,328 SF
- Lot size
- 0.26 Acres
- Property subtype
- Land, Retail
Listing office Venture Brokerage Group (585) 615-1102
Listing date Dec 2, 2021
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 Venture Brokerage Group
HighLights
- Prime real estate investment opportunity
- Located in the heart of the Finger Lakes Region
- Busiest retail corridor in Auburn
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.9k | $15.00 |
| − Vacancy | −$7.1k | −$0.63 |
| EGI | $162.8k | $14.37 |
| − OpEx | −$48.8k | −$4.31 |
| NOI | $113.9k | $10.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Cayuga
- State
- New York
- Longitude
- -76.5464763
- Latitude
- 42.9517582
