Building Details

Year Built 2003

Buildings 1

Tenancy Single

Listing Agency: Atlantic Capital Partners

Listed By: David Hoppe · License #NC 288268 Show Phone

Source: Crexi

Added: Aug 18 Changed: Oct 1 Last Checked: Oct 12 at 6:52PM

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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 Atlantic Capital Partners

Investment Insights

Based on property information with market context.

This 7,000-square-foot retail property was constructed in 2003 and is occupied by Advance Auto Parts under a corporate-guaranteed net lease. The tenant has operated at the site since construction, with approximately 6 years remaining on the current term and 7% rental increases during the option periods.

The property is located at 323 Oriskany Boulevard in Yorkville, along a commercial corridor serving the Utica-Rome MSA. Oriskany Boulevard carries more than 21,000 vehicles per day and is surrounded by national retailers including Aldi, Wendy's, Taco Bell, AutoZone, and Safelite. Downtown Utica is 2 miles away, while the five-mile trade area includes more than 107,000 residents.

Key Highlights

• 7,000‑square‑foot retail property constructed in 2003
• Advance Auto Parts occupies the property under a corporate‑guaranteed net lease
• Approximately 6 years remain on the current lease term

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,413

Cap Rate

5.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,260 $1.4M

Cap Rate 7%

$1,005,900 $1.0M

Cap Rate 9%

$782,367 $782.4K

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$105.0K $15.00/SF

− Vacancy

−$4.4K −$0.63/SF

EGI

$100.6K $14.37/SF

− OpEx

−$30.2K −$4.31/SF

NOI

$70.4K $10.06/SF

Area

Oneida 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%

$1,408,260

Cap Rate 7%

$1,005,900

Cap Rate 9%

$782,367

Alternative Uses

Best Use

Retail

$1.01M

$880.2K – $1.17M (±1% cap)

NOI $70,413 @ 7.0% cap · market cap 5.29%

Second Best

Industrial

$618.5K

$541.2K – $721.6K (±1% cap)

NOI $43,293 @ 7.0% cap · market cap 3.26%

Theoretical Best

Office A

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $129,125 @ 7.0% cap · market cap 9.71%

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

Property Analytics

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Current Use

UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Dental Office (Bike/Boat/Book/etc) Store Accounting Firm

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

21,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

444

Businesses Nearby

124k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 36% Groceries 18%

McDonald's Dining

30,671 visits/mo 0.1 miles

Aldi Groceries

21,970 visits/mo 0.0 miles

Hoffman Car Wash Shops & Services

18,716 visits/mo 0.2 miles

Taco Bell Dining

15,021 visits/mo 0.1 miles

Speedway Shops & Services

13,721 visits/mo 0.3 miles

Demographics for 13495, NY

2,183

Population

965

Households

2.3

Avg Household Size

39

Median Age

31%

College-Educated

94%

High-School Grad

0.9 sq mi

ZIP Area

2,426

Density / Sq Mi

$63,517

Median Household Income

$48,797

Median Earnings

$1,067

Median Rent

$148,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

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 nnn properties 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?

NNN property - Corporate-guaranteed lease with approximately 6 years remaining and 7% rental increases during option periods.

Where is this nnn property located?

The property is located at 323 Oriskany Blvd Yorkville, NY.

What is the asking price?

The asking price for this property is $1,330,000.

What are key features of this property?

This property features: 7,000‑square‑foot retail property constructed in 2003; Advance Auto Parts occupies the property under a corporate‑guaranteed net lease; Approximately 6 years remain on the current lease term