Building Details

Building Size 625 SF

Year Built 2000

Buildings 1

Stories 1

Listed By: Heidi Westcott Show Phone

Source: Deeprootedrealty

Added: Jun 17 Changed: Oct 23 Last Checked: Oct 23 at 11:09AM

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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 Heidi Westcott

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 625-square-foot commercial kitchen is currently used as a catering base. The property was built in 2000 and includes cookers, a walk-in cooler, prep tables, pots and pans, and outdoor seating. On-site parking is also available.

The site has 185 feet of frontage along State Route 3 in Palermo and is zoned 01, Commercial.

Key Highlights

• 625 square feet of commercial kitchen space
• Currently operating as a catering base
• Includes cookers, a walk‑in cooler, prep tables, pots and pans, and outdoor seating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,865

Cap Rate

5.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$77,300 $77.3K

Cap Rate 7%

$55,214 $55.2K

Cap Rate 9%

$42,944 $42.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 625 SF

Gross rent

$5.9K $9.48/SF

− Vacancy

−$403 −$0.64/SF

EGI

$5.5K $8.84/SF

− OpEx

−$1.7K −$2.65/SF

NOI

$3.9K $6.18/SF

Area

Oswego 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%

$77,300

Cap Rate 7%

$55,214

Cap Rate 9%

$42,944

Alternative Uses

Best Use

Specialty Retail

$115.5K

$101.0K – $134.7K (±1% cap)

NOI $8,083 @ 7.0% cap · market cap 12.44%

Second Best

Industrial

$55.2K

$48.3K – $64.4K (±1% cap)

NOI $3,865 @ 7.0% cap · market cap 5.95%

Theoretical Best

Office A

$124.7K

$109.1K – $145.4K (±1% cap)

NOI $8,726 @ 7.0% cap · market cap 13.42%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kick-N-Chicken BBQ Restaurant

Suggested Use

Top Pick Auto Repair Shop Electrical Service Fish Market Food Market Discount Store Restaurant

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

32

Businesses Nearby

8k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,375 visits/mo 0.4 miles

Citgo Shops & Services

2,344 visits/mo 0.4 miles

Demographics for 13069, NY

24,071

Population

10,593

Households

2.3

Avg Household Size

40

Median Age

19%

College-Educated

89%

High-School Grad

109.9 sq mi

ZIP Area

219

Density / Sq Mi

$63,156

Median Household Income

$44,073

Median Earnings

$878

Median Rent

$112,600

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

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Frequently Asked Questions

What type of property is this?

Commercial kitchen - The operating catering facility includes kitchen equipment, customer seating outdoors, and on-site parking.

Where is this commercial kitchen located?

The property is located at 4179 State Route 3 Fulton, NY.

What is the asking price?

The asking price for this property is $65,000.

What are key features of this property?

This property features: 625 square feet of commercial kitchen space; Currently operating as a catering base; Includes cookers, a walk‑in cooler, prep tables, pots and pans, and outdoor seating