Listing Agency: Hunt Real Estate ERA Show Phone

Listed By: David Duskee Show Phone

Source: Nicholcityrealty

Added: Aug 17 Changed: Oct 6 Last Checked: Oct 16 at 8:50AM

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Investment Insights

Based on property information with market context.

This 1,200-square-foot professional suite is configured for a dental practice and identified for medical, professional, or general office occupancy. The space can be reworked to accommodate a different office layout, with the seller offering build-to-suit work and the ability to divide the suite as needed.

The property is located at 5102 W Genesee Street in Camillus, near major routes, shopping, and restaurants. Its central setting provides convenient access for office users and visitors. The suite’s existing professional configuration offers a starting point for a range of office applications while retaining flexibility for future customization.

Key Highlights

• 1,200 SF professional suite
• Configured for a dental practice
• Identified for medical, professional, or general office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,799

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,980 $216.0K

Cap Rate 7%

$154,271 $154.3K

Cap Rate 9%

$119,989 $120.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$20.7K $17.28/SF

− Vacancy

−$2.7K −$2.28/SF

EGI

$18.0K $15.00/SF

− OpEx

−$7.2K −$6.00/SF

NOI

$10.8K $9.00/SF

Area

Onondaga County, NY

Vacancy

13.20%

Lease Rate

$17.28 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,980

Cap Rate 7%

$154,271

Cap Rate 9%

$119,989

Alternative Uses

Best Use

Office B

$180.8K

$158.2K – $210.9K (±1% cap)

NOI $12,655 @ 7.0% cap · market cap 79,093.75%

Second Best

Healthcare Medical

$154.3K

$135.0K – $180.0K (±1% cap)

NOI $10,799 @ 7.0% cap · market cap 67,493.75%

Theoretical Best

Office A

$208.5K

$182.5K – $243.3K (±1% cap)

NOI $14,598 @ 7.0% cap · market cap 91,237.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Dr. William R. ... Dental Office Dr. Philip D. ... Dental Office

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Law Firm Electrical Service (Bike/Boat/Book/etc) 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

397

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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5639 W Genesee St, Camillus, NY 13031

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$324,900

2,088 SF

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Mixed-Use Property with Storefronts

47 N Main St, Camillus, NY 13031

$695,000

3,994 SF

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing dental configuration supports medical, professional, or general office use.

Where is this medical office space located?

The property is located at 5102 W Genesee Street Camillus, NY.

What are key features of this property?

This property features: 1,200 SF professional suite; Configured for a dental practice; Identified for medical, professional, or general office use