Medical Office
For Sale
$259,900
4912 W Genesee Street, Camillus, NY 13031
COMMERCIAL - Camillus, NY
Property Size2,186 SF
Lot Size0.19 Acres
Price / SF$118.89
Days on Market236
Property Features for 4912 W Genesee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Zoning description
Commercial
Rooms
Basement
Parking
10
Lot features
Rectangular, Rectangular Lot
High school
West Genesee Senior High
Elementary school district
West Genesee
Middle school district
West Genesee
High school district
West Genesee
Directions
Take I-690 West to NY-695 West (Exit 6 toward Route 5 Auburn). From NY-695 West, merge onto NY-5 W. W Genesee Street toward Camillus. Stay on W Genesee Street (US-20) heading west into Camillus. 4912 will be on your right.
Subdivision
Camillus-312089
Standard status
Active
APN
312089-041-000-0001-059-000-0000
Size
2,186 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
7639
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas, Electric (Heating)
Cooling system
Zoned
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Carpet, Hardwood, Linoleum, Vinyl, Varies
Roof type
Shingle
Listing Agency:
Candy Costa Real Estate LLC
(315) 505-6609
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Added: Dec 28, 2025
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# S1655114
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,186-square-foot medical office property occupies a 0.186-acre parcel and dates to 1975. The building is currently occupied by Podiatry Services of CNY and includes a basement, varied flooring, zoned heating and cooling, natural gas, electric heating, public sewer, and a shingle roof. These features support an established professional office setting without overstating the available configuration.
The property fronts West Genesee Street in Camillus, within a commercial district that includes medical offices, national retailers, and service businesses. Syracuse is only minutes away, while the corridor provides direct exposure to surrounding commercial activity. COMM zoning and the existing medical-office use are central attributes for an owner-user or investor evaluating the property.
The property fronts West Genesee Street in Camillus, within a commercial district that includes medical offices, national retailers, and service businesses. Syracuse is only minutes away, while the corridor provides direct exposure to surrounding commercial activity. COMM zoning and the existing medical-office use are central attributes for an owner-user or investor evaluating the property.
Key Highlights
- 2,186‑square‑foot medical office building on a 0.186‑acre parcel
- Currently occupied by Podiatry Services of CNY
- COMM zoning with established medical‑office use
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
Lease Details
Single-tenant
Tenancy
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical office property with professional finishes, zoned COMM and positioned along West Genesee Street.
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: 2,186‑square‑foot medical office building on a 0.186‑acre parcel; Currently occupied by Podiatry Services of CNY; COMM zoning with established medical‑office use
