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    Modern Industrial Facility in Auburn Title is generated by Realmo AI

    38 Allen St, Auburn, NY 13021

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    Fully leased 75,000 SF industrial building for sale.

    Type:Industrial
    Property size:
    75,000 SF
    Lot size:
    6.40 Acres
    Price / SF:
    $90/SF
    Added:
    Feb 16, 2026
    Days on Market:
    140
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 38 Allen St

    General Information

    Standard status
    Active
    Size
    75,000 SF
    Lot size
    6.40 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2014

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    Ryan Jenkins
    Ryan Jenkins

    Listing office IronHorn Enterprises

    Listing date Feb 16, 2026

    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 IronHorn Enterprises

    HighLights

    • Fully leased industrial property providing stable, in‑place income.
    • Modern 75,000‑square‑foot facility constructed in 2014 with a significant addition in 2021.
    • Strategic location near NYS Route 5 & 20 and the NYS Thruway (I‑90), offering efficient east‑west connectivity.
    • Features 22’ clear heights, two dock doors, and one drive‑in door.
    • 6.4‑acre lot suitable for various industrial operations.
    • Equipped with 600‑amp, 3‑phase, 240/480‑volt power.

    Overview

    The property at 38 Allen Street in Auburn, NY, is a fully leased industrial investment opportunity. Constructed in 2014 with a significant addition completed in 2021, the 75,000-square-foot building is situated on 6.4 acres. The facility features 22-foot clear heights, two dock doors, one drive-in door, and 600-amp, 3-phase, 240/480-volt power. Its location provides efficient east-west connectivity between Syracuse and Rochester, placing tenants within Central New York’s primary logistics corridor. The property is located minutes from NYS Route 5 & 20 and less than 10 minutes from the NYS Thruway (I-90) via Exit 40. The property supports manufacturing, warehousing, and distribution operations.

    Local Financial Insights For Warehouse

    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 $711.0k $9.48
    − Vacancy −$48.3k −$0.64
    EGI $662.7k $8.84
    − OpEx −$99.4k −$1.33
    NOI $563.3k $7.51
    75,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $8.05M
    $7.04M – $9.39M (±1% cap)
    NOI $563,254 @ 7.0% cap · market cap 8.28%
    Second Best
    Industrial
    $6.63M
    $5.80M – $7.73M (±1% cap)
    NOI $463,856 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Office A
    $16.62M
    $14.54M – $19.39M (±1% cap)
    NOI $1,163,520 @ 7.0% cap · market cap 17.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hotel & Motel Skin Care Clinic Nail Salon Food Market Storage Facility Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • AllStorage — 1661 Clark Street Rd, Auburn, NY 13021
    • Furs Storage Woolens — Seymour St, Auburn, NY 13021
    • LocalStorage — 1661 Clark Street Rd, Auburn, NY 13021

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5913751
    Latitude
    42.9413987

    FAQs

    What type of property is this?
    Warehouse - Fully leased 75,000 SF industrial building for sale.
    Where is this warehouse located?
    The property is located at 38 Allen St Auburn, NY.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: Fully leased industrial property providing stable, in‑place income.; Modern 75,000‑square‑foot facility constructed in 2014 with a significant addition in 2021.; Strategic location near NYS Route 5 & 20 and the NYS Thruway (I‑90), offering efficient east‑west connectivity.
    More about this property
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