Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Industrial Land Near Micron Title is generated by Realmo AI

    4885 Verplank Rd, Clay, NY 13041

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    180+ acres ideal for manufacturing, warehousing, and production.

    Type:Industrial
    Property size:
    1,344 SF
    Lot size:
    180.00 Acres
    Price / SF:
    $8,556/SF
    Added:
    Aug 3, 2023
    Days on Market:
    1024
    Last Refresh:
    May 12 at 10:36 pm

    Property Features for 4885 Verplank Rd

    General Information

    Standard status
    Active
    Size
    1,344 SF
    Lot size
    180.00 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Allen Olmsted
    Allen Olmsted

    Listing agent Allen Olmsted License #NY 37OL0750434

    Listing office Canaan Realty

    Listing date Aug 3, 2023

    Source Crexi

    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 Canaan Realty

    HighLights

    • Over 180 acres ideal for manufacturing, warehousing, customer service, and production facilities.
    • Located within feet of the new Micron facility.
    • Development potential for up to 1‑2M square feet of space.
    • Full utilities could be extended to the property.
    • Generally level and open land with moderate slope.
    • Close proximity to two major interstates.

    Overview

    This property features over 180 acres of land suitable for manufacturing, warehousing, customer service, and production facilities. The site is located near the new Micron facility. It offers development potential for up to 1 to 2 million square feet of space. The land is currently a private grass airport, generally level and open, with a moderate slope toward the rear. Full utilities could be extended to the property. The owner prefers to sell the property as a whole but is willing to consider dividing it into two sections and will review all offers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.1785068
    Latitude
    43.2033748

    Nearby Similar for Sale

    • $695,000
      1,383 SF

      Land Near Micron Site

      Commercial land with redevelopment potential near Micron site.
      8894 Caughdenoy Road, Clay, NY 13041
      View Details
    • $995,000
      3,473 SF

      Retail Building Near Micron Plant

      Retail service building with shop/storage on a large fenced lot.
      5280 Caughdenoy Rd, Clay, NY
      View Details
    • $995,000

      Land Parcel Near Micron Facility

      19-acre land parcel in Clay, near upcoming Micron facility.
      Lawton Road, Clay, NY 13041
      View Details
    • $600,000

      Land Near Future Micron Site

      5.50-acre commercial land parcel near upcoming Micron site.
      9149 Mud Mill Road, Clay, NY 13039
      View Details
    • Contact for pricing

      Interstate Frontage Land Opportunity

      Highly visible land near future development and retail corridor.
      2317 NY-481, Clay, NY
      View Details
    • $2,500,000

      Clay Buildable Land and Flex

      23.23 acres near Micron site with flex building.
      8701 Henry Clay Blvd, Clay, NY
      View Details
    • $125,000

      Industrial Vacant Lot For Sale

      Prime industrial vacant lot with utilities ready for development.
      4664 Wetzel Road, Clay, NY
      View Details
    • $2,900,000

      Industrial Land Near Micron Project

      75 acres of industrial land close to Micron White Pines.
      8003 Henry Clay Boulevard, Clay, NY
      View Details
    • $475,000
      2,606 SF

      Uncle Chubbys Bar & Pizzeria

      Sports bar and pizzeria near Micron plant in Clay, NY.
      5282 Caughdenoy Rd, Clay, NY 13041
      View Details
    • Contact for pricing

      Commercial Land Near Micron Site

      Centrally located land parcel near Micron/White Pine Commerce Park.
      4980 NY-31, Clay, NY
      View Details
    • $1,950,000

      Land for Senior Housing Development

      Large acreage suitable for senior housing or apartment complex.
      Buckley Rd, clay, NY 13212
      View Details
    • $3,320,000,000

      Prime Land Near Micron Facility

      Land near Micron Technology facility and renovated mixed-use center.
      8565 Morgan Road, Clay, NY 13041
      View Details

    FAQs

    What type of property is this?
    Industrial land - 180+ acres ideal for manufacturing, warehousing, and production.
    Where is this industrial land located?
    The property is located at 4885 Verplank Rd Clay, NY.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: Over 180 acres ideal for manufacturing, warehousing, customer service, and production facilities.; Located within feet of the new Micron facility.; Development potential for up to 1‑2M square feet of space.
    (315) 682-4500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Allen Olmsted
    Allen Olmsted
    Real Estate License ID: NY 37OL0750434
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4885 Verplank Rd, Clay, NY 13041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!