Mixed-Use Property with Warehouse
4944 Ver Plank Road, Clay, NY 13041
For Sale
New
$1,200,000
Two separate buildings combine office, garage, and warehouse areas with on-site parking.
Property Size5,664 SF
Price / SF$211.86
Days on Market4
Property Features for 4944 Ver Plank Road
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Blacktop Driveway
Propane Tank - Leased
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker Prime Prop, Inc
Listed By:
Michael P. Asterino
(315) 752-0320
Source:
Geracerealty
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 8 at 4:04AM
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 Coldwell Banker Prime Prop, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property consists of two buildings with office and garage or warehouse space. The first building includes four to five offices alongside garage or warehouse area. A second building provides a 52-by-32-foot garage with large overhead doors. Parking is also available on the property.
The buildings are within walking distance of the Micron Site. The property was built in 1990.
The buildings are within walking distance of the Micron Site. The property was built in 1990.
Key Highlights
- Two buildings on the property
- First building has 4–5 offices and garage or warehouse area
- Second building is a 52 x 32 ft garage with large overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,728
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,560
$1.1M
Cap Rate 7%
$753,257
$753.3K
Cap Rate 9%
$585,867
$585.9K
Market Conditions
NOI Build-Up for 5,664 SF
Gross rent
$97.2K $17.16/SF
− Vacancy
−$12.8K −$2.27/SF
EGI
$84.4K $14.89/SF
− OpEx
−$31.6K −$5.59/SF
NOI
$52.7K $9.31/SF
Area
Onondaga County, NY
Vacancy
13.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,560
Cap Rate 7%
$753,257
Cap Rate 9%
$585,867
Alternative Uses
Best Use
Mixed Use
$753.3K
$659.1K – $878.8K
NOI $52,728 @ 7.0% cap · market cap 4.39%
Second Best
Warehouse
$441.2K
$386.0K – $514.7K
NOI $30,882 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$984.3K
$861.3K – $1.15M
NOI $68,903 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
Demographics for 13041, NY
11,724
Population
4,686
Households
2.5
Avg Household Size
41
Median Age
36%
College-Educated
93%
High-School Grad
18.1 sq mi
ZIP Area
648
Density / Sq Mi
$108,491
Median Household Income
$56,609
Median Earnings
$1,479
Median Rent
$199,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Onondaga County, NY
Properties on Market for Mixed-use properties in Onondaga County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate buildings combine office, garage, and warehouse areas with on-site parking.
Where is this mixed-use property located?
The property is located at 4944 Ver Plank Road Clay, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two buildings on the property; First building has 4–5 offices and garage or warehouse area; Second building is a 52 x 32 ft garage with large overhead doors
