Listing Agency: JWP Commercial Show Phone

Listed By: Joshua W. Podkaminer, SIOR, CCIM Show Phone

Source: Moodyscre

Added: Jan 7 Changed: Oct 26 Last Checked: Oct 30 at 2:30PM

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Investment Insights

Based on property information with market context.

This office building was formerly owner-occupied for accounting and financial services. The property includes ADA ramp access to the main entrance, supporting accessible customer and staff entry.

The Village of Fayetteville places the property under industrial zoning. Average annual daily traffic is listed at 7,996 (2024), with excellent visibility along the main roadway.

For users seeking a professionally suited office footprint with accessible entry, this property offers an established configuration within an industrial zoning framework.

Key Highlights

• Formerly owner‑occupied accounting and financial services office space
• Village of Fayetteville industrial zoning
• Average annual daily traffic count of 7,996 (2024)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,328

Cap Rate

5.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$906,560 $906.6K

Cap Rate 7%

$647,543 $647.5K

Cap Rate 9%

$503,644 $503.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,298 SF

Gross rent

$69.6K $16.20/SF

− Vacancy

−$9.2K −$2.14/SF

EGI

$60.4K $14.06/SF

− OpEx

−$15.1K −$3.52/SF

NOI

$45.3K $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 Rate 5%

$906,560

Cap Rate 7%

$647,543

Cap Rate 9%

$503,644

Alternative Uses

Best Use

Office B

$647.5K

$566.6K – $755.5K (±1% cap)

NOI $45,328 @ 7.0% cap · market cap 5.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$746.9K

$653.6K – $871.4K (±1% cap)

NOI $52,286 @ 7.0% cap · market cap 6.58%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lamirande Law Office, ... Law Firm Hall & Dettor Tax Preparation Tre Unlimited Department Of Transportation Hall Robert C ... Accounting Firm Eastside Financial Advisors Financial Advisor

Suggested Use

Top Pick Pharmacy Building Supply Auto Parts Store Real Estate Agency Kitchen & Bath Showroom Big Box & Wholesale 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

357

Businesses Nearby

Explore this area Business Placement

Demographics for 13066, NY

12,949

Population

5,971

Households

2.2

Avg Household Size

48

Median Age

65%

College-Educated

96%

High-School Grad

14.8 sq mi

ZIP Area

875

Density / Sq Mi

$121,599

Median Household Income

$70,284

Median Earnings

$1,218

Median Rent

$265,900

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

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Frequently Asked Questions

What type of property is this?

Office building - Office building with ADA ramp access and visibility on a roadway averaging 7,996 vehicles daily.

Where is this office building located?

The property is located at 551 E Genesee St Fayetteville, NY.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Formerly owner‑occupied accounting and financial services office space; Village of Fayetteville industrial zoning; Average annual daily traffic count of 7,996 (2024)