Freestanding Retail Building with
For Sale
Contact for pricing
420 Hamilton St, Geneva, NY
Freestanding retail building with drive-thru, pylon sign, and ample parking.
Property Size14,873 SF
Lot Size1.82 Acres
Price / SF$194.98
Days on Market257
Property Features for 420 Hamilton St
General Information
Standard status
Active
Size
14,873 SF
Lot size
1.82 Acres
Property subtype
RETAIL
Properties For Sale
at 420 Hamilton St Contact us- Floor
- Bldg
- Size
- 14,873 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
420 Hamilton St
- Excellent opportunity to enter a tight trade area with limited development opportunities....
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Listing Agency:
Donovan Real Estate Services
(716) 998-2943
Listed By:
Brian P Donovan · License #10491202934
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:04AM
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 Donovan Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding building, formerly a pharmacy, presents an opportunity to enter a trade area with limited development. The property features a drive-thru window, a pylon sign for visibility, and a signalized entrance. A large parking field is available. Nearby retailers include Walmart, Wegmans, Harbor Freight, Staples, McDonald's, Arby's, Walgreens, Tim Hortons, Tractor Supply Co., and AutoZone. Hobart & William Smith Colleges are also in the vicinity. Property taxes are $9.66 per square foot. The property size is 14873 square feet.
Key Highlights
- Drive‑thru window for convenient customer access
- Signalized entrance providing full and easy access to the property
- Pylon sign offering excellent visibility
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
$234,678
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
8.09%
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%
$4,693,560
$4.7M
Cap Rate 7%
$3,352,543
$3.4M
Cap Rate 9%
$2,607,533
$2.6M
Market Conditions
NOI Build-Up for 14,873 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
$321.3K $21.60/SF
− Vacancy
−$8.4K −$0.56/SF
EGI
$312.9K $21.04/SF
− OpEx
−$78.2K −$5.26/SF
NOI
$234.7K $15.78/SF
Area
Ontario County, NY
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,693,560
Cap Rate 7%
$3,352,543
Cap Rate 9%
$2,607,533
Alternative Uses
Best Use
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,678 @ 7.0% cap · market cap 8.09%
Second Best
Retail
$2.75M
$2.40M – $3.20M
NOI $192,262 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$4.45M
$3.90M – $5.19M
NOI $311,619 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
196k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 24%
Shops & Services 21%
Home Improvements & Furnishings 9%
Wegmans
Groceries
47,136 visits/mo
0.4 miles
McDonald's
Dining
26,802 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,277 visits/mo
0.1 miles
Wendy's
Dining
13,450 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,003 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walgreens Pharmacy — 431 Hamilton St, Geneva, NY 14456
- Rite Aid Pharmacy — 420 Hamilton St, Geneva, NY 14456
- Roland Lyndaker — 815 Canandaigua Rd, Geneva, NY 144562003
- John Mcdonald — 431 Hamilton St, Geneva, NY 144563001
- Michael Salotti — 815 Canandaigua Rd, Geneva, NY 144562003
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail building with drive-thru, pylon sign, and ample parking.
Where is this drug store located?
The property is located at 420 Hamilton St Geneva, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Drive‑thru window for convenient customer access; Signalized entrance providing full and easy access to the property; Pylon sign offering excellent visibility
