Established Medical Office
For Sale
$259,900
4912 W Genesee Street, Camillus, NY 13031
Commercially zoned professional space along West Genesee Street in Camillus, currently occupied by a podiatry practice.
Property Size2,186 SF
Days on Market236
Property Features for 4912 W Genesee Street
General Information
Standard status
Active
Size
2,186 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
COMM, Commercial
Taxes and HOA fees
Annual Taxes
$7,639
Building Details
Building Size
2,186 SF
Year Built
1975
Buildings
1
Stories
1
Units
1
Listing Agency:
Candy Costa Real Estate LLC
(315) 447-0668
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Source:
Wcirealty
Added: Dec 28, 2025
Changed: Aug 21
Last Checked: Aug 21 at 6:14AM
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 Candy Costa Real Estate LLC
Investment Insights
Based on property information with market context.
This medical office property at 4912 W Genesee Street provides an established professional setting for medical or office use. The building dates to 1975 and is currently occupied by a podiatry practice, offering an existing healthcare-oriented configuration.
The property is positioned within Camillus’s commercial district along West Genesee Street, near other medical offices, national retailers, and service businesses. Zoning is COMM, Commercial, and the address places the asset within the broader Syracuse-area market.
The property is positioned within Camillus’s commercial district along West Genesee Street, near other medical offices, national retailers, and service businesses. Zoning is COMM, Commercial, and the address places the asset within the broader Syracuse-area market.
Key Highlights
- Medical office property at 4912 W Genesee Street, Camillus, NY 13031
- Currently occupied by a podiatry practice
- COMM, Commercial zoning
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
$23,054
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
8.87%
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%
$461,080
$461.1K
Cap Rate 7%
$329,343
$329.3K
Cap Rate 9%
$256,156
$256.2K
Market Conditions
NOI Build-Up for 2,186 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
$35.4K $16.20/SF
− Vacancy
−$4.7K −$2.14/SF
EGI
$30.7K $14.06/SF
− OpEx
−$7.7K −$3.52/SF
NOI
$23.1K $10.55/SF
Area
Onondaga County, NY
Vacancy
13.20%
Lease Rate
$16.20 /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%
$461,080
Cap Rate 7%
$329,343
Cap Rate 9%
$256,156
Alternative Uses
Best Use
Office B
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 8.87%
Second Best
Healthcare Medical
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,593 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13031, NY
16,335
Population
7,414
Households
2.2
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
24.3 sq mi
ZIP Area
672
Density / Sq Mi
$92,687
Median Household Income
$56,024
Median Earnings
$1,281
Median Rent
$207,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- VCA Fairmount Animal Hospital — 4101 W Genesee St, Syracuse, NY 13219
- Fairmount Animal Hospital: Behrens Losito Suzanne DVM — 3705 W Genesee St, Syracuse, NY 13219
- Passantino Lauren DVM — 4101 Genesee St, Syracuse, NY 13219
- Dr. Sarah Guest — 4101 Genesee St, Syracuse, NY 13219
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercially zoned professional space along West Genesee Street in Camillus, currently occupied by a podiatry practice.
Where is this medical office space located?
The property is located at 4912 W Genesee Street Camillus, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Medical office property at 4912 W Genesee Street, Camillus, NY 13031; Currently occupied by a podiatry practice; COMM, Commercial zoning
