Auburn Manufacturing Facility For
For Sale
$2,999,000
4000 Technology Park Blvd, Auburn, NY 13021
35,800 sq ft manufacturing facility on 3.7 acres.
Property Size35,800 SF
Lot Size3.70 Acres
Price / SF$83.77
Days on Market106
Property Features for 4000 Technology Park Blvd
General Information
Standard status
Active
Size
35,800 SF
Lot size
3.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$30,722
Building Details
Building Size
35,800 SF
Year Built
1989
Stories
1
Listing Agency:
The Real Estate Agency
(315) 604-0718
Listed By:
Matthew Chalanick · License #10371200877
(315) 604-0718
Source:
Elliman
Added: May 9
Changed: Aug 12
Last Checked: Aug 21 at 1:35PM
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 Real Estate Agency
Investment Insights
Based on property information with market context.
This commercial property in Auburn offers an expansive 35,800 sq ft manufacturing facility situated on a 3.7-acre lot. The property is currently operating as a manufacturing site and is well-suited for continued industrial use or potential redevelopment. The building provides substantial space for production, warehousing, and distribution, with the flexibility to accommodate a variety of business operations. The sale includes the business and all existing equipment, allowing for a seamless transition for the next owner. This high-exposure location features dual road frontage, maximizing signage potential and traffic exposure. It is ideal for manufacturing, distribution, or a variety of commercial uses. The property is strategically located with access to regional transportation routes, presenting a unique investment or owner-user opportunity in a growing market.
Key Highlights
- Expansive 35,800 sq ft manufacturing facility on a 3.7‑acre lot.
- Sale includes the business and all existing equipment for a seamless transition.
- High‑exposure location with dual road frontage, maximizing signage potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$221,414
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,428,280
$4.4M
Cap Rate 7%
$3,163,057
$3.2M
Cap Rate 9%
$2,460,156
$2.5M
Market Conditions
NOI Build-Up for 35,800 SF
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.
Gross rent
$339.4K $9.48/SF
− Vacancy
−$23.1K −$0.64/SF
EGI
$316.3K $8.84/SF
− OpEx
−$94.9K −$2.65/SF
NOI
$221.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,428,280
Cap Rate 7%
$3,163,057
Cap Rate 9%
$2,460,156
Alternative Uses
Best Use
Industrial
$3.16M
$2.77M – $3.69M
NOI $221,414 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.93M
$6.94M – $9.26M
NOI $555,387 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 35,800 sq ft manufacturing facility on 3.7 acres.
Where is this manufacturing property located?
The property is located at 4000 Technology Park Blvd Auburn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Expansive 35,800 sq ft manufacturing facility on a 3.7‑acre lot.; Sale includes the business and all existing equipment for a seamless transition.; High‑exposure location with dual road frontage, maximizing signage potential.
