Mixed-Use Property with
2890 Jorolemon Road, Weedsport, NY 13166
For Sale
New
$499,900
A residence, retail frontage, workshop, and auxiliary building provide several distinct spaces across the property.
Property Size2,816 SF
Lot Size5.80 Acres
Price / SF$177.52
Days on Market2
Property Features for 2890 Jorolemon Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Power
Three-Phase Power
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Young Agency
Listed By:
David L. Ansuini · License #10401336040
(315) 539-3999
Source:
Geracerealty
Added: Nov 8
Last Checked: Nov 8 at 4:00PM
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 Young Agency
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Investment Insights
Based on property information with market context.
At 2890 Jorolemon Road, this 5.8-acre mixed-use property combines a 2,816-square-foot home with several commercial and support buildings. The residence has five bedrooms and two full bathrooms. Commercial improvements include a 3,800-square-foot storefront, 850 square feet of office space, and a 3,100-square-foot shop with 400-amp, three-phase electrical service. A separate 4,200-square-foot fabric tension building adds covered space. The property is zoned R1, Agricultural, and includes an additional lot across the road for parking.
Key Highlights
- 5.8‑acre property with residential and commercial improvements
- 2,816‑square‑foot home with 5 bedrooms and 2 full bathrooms
- 3,800‑square‑foot storefront and 850 square feet of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,326
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,520
$566.5K
Cap Rate 7%
$404,657
$404.7K
Cap Rate 9%
$314,733
$314.7K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$42.2K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$40.5K $14.37/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$28.3K $10.06/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,520
Cap Rate 7%
$404,657
Cap Rate 9%
$314,733
Alternative Uses
Best Use
Retail
$404.7K
$354.1K – $472.1K
NOI $28,326 @ 7.0% cap · market cap 5.67%
Second Best
Mixed Use
$345.2K
$302.0K – $402.7K
NOI $24,161 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,686 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 13166, NY
5,398
Population
2,629
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
40.9 sq mi
ZIP Area
132
Density / Sq Mi
$76,484
Median Household Income
$48,711
Median Earnings
$1,117
Median Rent
$150,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Cayuga County, NY
Properties on Market for Mixed-use properties in Cayuga County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residence, retail frontage, workshop, and auxiliary building provide several distinct spaces across the property.
Where is this mixed-use property located?
The property is located at 2890 Jorolemon Road Weedsport, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 5.8‑acre property with residential and commercial improvements; 2,816‑square‑foot home with 5 bedrooms and 2 full bathrooms; 3,800‑square‑foot storefront and 850 square feet of office space
