Building Details

Buildings 1

Stories 2

Listing Agency: Coldwell Banker Sexton Real Estate Show Phone

Listed By: Joseph A. McHarris · License #10401268820 Show Phone

Source: Nicholcityrealty

Added: Oct 28 Last Checked: Oct 30 at 2:22PM

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Investment Insights

Based on property information with market context.

This 3,192-square-foot, two-story office building has a reception and waiting area, four private offices, and a half bath on the first floor. The upper level contains three offices or conference rooms, a kitchenette, another half bath, and a utility room. Existing office furniture may remain or be removed.

A private parking lot serves the property, which sits across from the Village Green in downtown Clinton. Shops, restaurants, taverns, the Kirkland Art Center, and the public library are described as nearby. The Village Green hosts a weekly farmers market, summer concerts, festivals, and other community events.

Key Highlights

• 3,192‑square‑foot office building arranged across two stories
• First floor includes reception and waiting space, four private offices, and a half bath
• Upper level has three offices or conference rooms, a kitchenette, half bath, and utility room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,219

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,380 $804.4K

Cap Rate 7%

$574,557 $574.6K

Cap Rate 9%

$446,878 $446.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,192 SF

Gross rent

$67.0K $21.00/SF

− Vacancy

−$13.4K −$4.20/SF

EGI

$53.6K $16.80/SF

− OpEx

−$13.4K −$4.20/SF

NOI

$40.2K $12.60/SF

Area

Oneida County, NY

Vacancy

20.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,380

Cap Rate 7%

$574,557

Cap Rate 9%

$446,878

Alternative Uses

Best Use

Office B

$574.6K

$502.7K – $670.3K (±1% cap)

NOI $40,219 @ 7.0% cap · market cap 1,340.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$841.2K

$736.0K – $981.4K (±1% cap)

NOI $58,881 @ 7.0% cap · market cap 1,962.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Real Estate Agency Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

Explore this area Business Placement

Demographics for 13323, NY

11,415

Population

4,664

Households

2.4

Avg Household Size

43

Median Age

49%

College-Educated

97%

High-School Grad

38.9 sq mi

ZIP Area

293

Density / Sq Mi

$82,060

Median Household Income

$42,768

Median Earnings

$1,126

Median Rent

$231,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - A flexible office layout includes private work areas, reception space, and a kitchenette across two floors.

Where is this office building located?

The property is located at 29 W Park Kirkland, NY.

What are key features of this property?

This property features: 3,192‑square‑foot office building arranged across two stories; First floor includes reception and waiting space, four private offices, and a half bath; Upper level has three offices or conference rooms, a kitchenette, half bath, and utility room