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Flexible Retail Space
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4455A E Genesee Street, Dewitt, NY 13214

Commercial space suited to retail, office, studio, gallery, service, or take-out food operations.

Property Size14,760 SF
Price / SF$0.09
Days on Market51
Rey
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Property Features for 4455A E Genesee Street

General Information

Standard status Active
Size 14,760 SF
Listing Agency: Berkshire Hathaway CNY Realty
Listed By: Maria Fong Sheehan · License #10401205543
Source: Nicholcityrealty
Added: Aug 26 Changed: Oct 11 Last Checked: Oct 14 at 10:21PM

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 Berkshire Hathaway CNY Realty

Investment Insights

Based on property information with market context.

This retail space at 4455A E Genesee Street provides a flexible commercial setting for a range of business concepts. Uses identified for the space include a dance studio, retail operation, service business, art gallery, office, or take-out food service.

The property is located in Dewitt, New York, with an address on E Genesee Street. The space is offered for sale, and the property information also references occupancy-related costs covering taxes, exterior maintenance, electric, and water.

Key Highlights

  • 14,760 property size
  • Retail space in Dewitt, NY
  • Address: 4455A E Genesee Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$130,654
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,080 $2.6M
Cap Rate 7%
$1,866,486 $1.9M
Cap Rate 9%
$1,451,711 $1.5M
Market Conditions
NOI Build-Up for 14,760 SF
Gross rent
$194.8K $13.20/SF
− Vacancy
−$8.2K −$0.55/SF
EGI
$186.6K $12.65/SF
− OpEx
−$56.0K −$3.79/SF
NOI
$130.7K $8.85/SF
Area
Syracuse, NY
Vacancy
4.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,080
Cap Rate 7%
$1,866,486
Cap Rate 9%
$1,451,711

Alternative Uses

Best Use
Office B
$2.03M
$1.77M – $2.37M (±1% cap)
NOI $141,973 @ 7.0% cap · market cap 10,921.00%
Second Best
Retail
$1.87M
$1.63M – $2.18M (±1% cap)
NOI $130,654 @ 7.0% cap · market cap 10,050.31%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M (±1% cap)
NOI $179,557 @ 7.0% cap · market cap 13,812.08%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Electrical Service Big Box & Wholesale Store Grocery & Convenience Store

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

482
Businesses Nearby

Demographics for 13214, NY

9,072
Population
3,417
Households
2.7
Avg Household Size
35
Median Age
52%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
2,592
Density / Sq Mi
$93,200
Median Household Income
$34,909
Median Earnings
$998
Median Rent
$218,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Retail space - Commercial space suited to retail, office, studio, gallery, service, or take-out food operations.
Where is this retail space located?
The property is located at 4455A E Genesee Street Dewitt, NY.
What are key features of this property?
This property features: 14,760 property size; Retail space in Dewitt, NY; Address: 4455A E Genesee Street
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