Building Details

Year built 1980

Listing Agency: NextHome CNY Realty Show Phone

Listed By: The DKNY Home Team Show Phone

Added: Oct 9 Last Checked: Oct 10 at 10:06PM

Report an Issue

MLS# S1718163

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property includes an enclosed 4,536-square-foot building with office, garage, and work areas. The interior offers several functional areas within one structure, and the property includes 3.7 acres of land. The building was constructed in 1980.

Key Highlights

• 4,536‑square‑foot enclosed building
• 3.7‑acre parcel
• Office, garage, and work areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,054

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,080 $561.1K

Cap Rate 7%

$400,771 $400.8K

Cap Rate 9%

$311,711 $311.7K

Market Conditions

NOI Build-Up for 4,536 SF

Gross rent

$43.0K $9.48/SF

− Vacancy

−$2.9K −$0.64/SF

EGI

$40.1K $8.84/SF

− OpEx

−$12.0K −$2.65/SF

NOI

$28.1K $6.18/SF

Area

Cayuga County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,080

Cap Rate 7%

$400,771

Cap Rate 9%

$311,711

Alternative Uses

Best Use

Flex RnD

$813.8K

$712.0K – $949.4K (±1% cap)

NOI $56,963 @ 7.0% cap · market cap 17.26%

Second Best

Industrial

$400.8K

$350.7K – $467.6K (±1% cap)

NOI $28,054 @ 7.0% cap · market cap 8.50%

Theoretical Best

Office A

$1.01M

$879.6K – $1.17M (±1% cap)

NOI $70,370 @ 7.0% cap · market cap 21.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Food Market Bed & Breakfast Farmer's Market Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area 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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Office, garage, and work areas occupy an enclosed building set on a 3.7-acre parcel.

Where is this flex space located?

The property is located at 3015 Ditmar Road Cato, NY.

What is the asking price?

The asking price for this property is $330,000.

What are key features of this property?

This property features: 4,536‑square‑foot enclosed building; 3.7‑acre parcel; Office, garage, and work areas