Listing Agency: Baier Real Estate LLC

Listed By: Stephen J. Baier · License #10491213852 Show Phone

Source: Nicholcityrealty

Added: Jul 24 Changed: Oct 10 Last Checked: Oct 12 at 7:52PM

Report an Issue

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 Baier Real Estate LLC

Investment Insights

Based on property information with market context.

This two-story office building provides a flexible commercial configuration across approximately 7,000 SF per level. The main floor has been renovated for office use and includes a reception area, 14 offices, 2 conference rooms, 3 bathrooms, and a small kitchen area. Clear-span construction throughout the structure supports reconfiguration for changing operational requirements.

The property occupies 1.6 acres at 425 Grant Avenue Road in Sennett, NY, with more than 80 on-site parking spaces. Its placement along a busy commercial corridor provides visibility and access for office, administrative, contractor, childcare, medical, personal-service, food-service, and other stated commercial uses.

Key Highlights

• Two‑story commercial building with approximately 7,000 SF per level
• Renovated main floor includes 14 offices, 2 conference rooms, 3 bathrooms, reception, and a small kitchen
• Clear‑span construction allows flexible interior reconfiguration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,264

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,525,280 $1.5M

Cap Rate 7%

$1,089,486 $1.1M

Cap Rate 9%

$847,378 $847.4K

Market Conditions

NOI Build-Up for 12,331 SF

Gross rent

$116.9K $9.48/SF

− Vacancy

−$7.9K −$0.64/SF

EGI

$108.9K $8.84/SF

− OpEx

−$32.7K −$2.65/SF

NOI

$76.3K $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 Rate 5%

$1,525,280

Cap Rate 7%

$1,089,486

Cap Rate 9%

$847,378

Alternative Uses

Best Use

Flex RnD

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,853 @ 7.0% cap · market cap 17.23%

Second Best

Office B

$2.19M

$1.92M – $2.56M (±1% cap)

NOI $153,428 @ 7.0% cap · market cap 17.07%

Theoretical Best

Office A

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,298 @ 7.0% cap · market cap 21.28%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

CenterWell Home Health ... Home Health Care Service Clean Start Systems ... Hardware & Home Improvement Pinnacle Design Group ... Architect

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Grocery & Convenience Store Bakery Kitchen & Bath Showroom

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

111

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 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 office buildings 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?

Office building - Renovated main-floor offices include conference rooms, reception, a kitchen area, and flexible clear-span construction.

Where is this office building located?

The property is located at 425 Grant Avenue Road Sennett, NY.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Two‑story commercial building with approximately 7,000 SF per level; Renovated main floor includes 14 offices, 2 conference rooms, 3 bathrooms, reception, and a small kitchen; Clear‑span construction allows flexible interior reconfiguration