Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Commercial Building with Upgrades Title is generated by Realmo AI

    554 S 1st Street, Fulton, NY 13069

    View on Map
    Claim this Listing
    For Sale
    $109,000

    Remodeled commercial building featuring office spaces, multiple entrances, and amenities.

    Type:Commercial/Industrial
    Property size:
    3,384 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $32/SF
    Added:
    Dec 15, 2024
    Days on Market:
    529
    Last Refresh:
    May 20 at 12:21 am

    Property Features for 554 S 1st Street

    General Information

    Standard status
    Active
    Size
    3,384 SF
    Lot size
    0.13 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Tabitha Cleveland
    Tabitha Cleveland

    Listing agent Tabitha Cleveland License #10301217275

    Listing office Keller Williams Syracuse

    Listing date Dec 15, 2024

    Source Exitrealty

    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 Keller Williams Syracuse

    HighLights

    • Completely remodeled commercial building with ample parking and square footage.
    • Upgraded interior with flexible office spaces and larger rooms.
    • Multiple entrances/exits for space division.
    • Easy access garage door for loading/shipping.
    • Four bathrooms, including two ADA compliant bathrooms.
    • Storefront with large windows and welcoming reception area.

    Overview

    This completely remodeled commercial building offers ample parking and square footage. The interior has been upgraded and updated, featuring office spaces among larger rooms. Multiple entrances and exits allow for potential space division. An easy-access garage door facilitates loading and shipping. The property includes a welcoming reception area, four bathrooms (two ADA compliant), a storefront with large windows, and a kitchen/break room. The back break room/kitchen area could potentially be converted into a one-bedroom apartment with city approval for owner occupancy. The property is also listed as residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foundation for Elevation Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fulton
    County
    Oswego
    State
    New York
    Longitude
    -76.4087
    Latitude
    43.3127

    Nearby Similar for Sale

    • $239,900
      3,256 SF

      Fulton Triplex Near Bus Route

      Three-unit property in Fulton, fully renovated, tenant-occupied, near transportation.
      62 W 1st Street S, Fulton, NY 13069
      View Details
    • $399,900

      High-Traffic Fulton Commercial Property

      Two-unit commercial property in high-traffic Fulton location.
      9-13 N 2nd St, Fulton, NY 13069
      View Details
    • $699,000

      Fulton Commercial Building For Sale

      High-visibility commercial building suitable for retail, office, or service businesses.
      801 W Broadway, Fulton, NY 13069
      View Details
    • $524,900
      18,000 SF

      High Visibility Commercial Building

      Partially occupied 3-unit commercial building with stable income.
      803-807 S 4th St, Fulton, NY 13069
      View Details
    • $199,900
      1,000 SF

      Two Commercial Units on Busy Road

      Two commercial units with parking on a busy road.
      153 N 2nd St, Fulton, NY 13069
      View Details
    • $209,900
      4,500 SF

      Spacious Multi-Unit Investment Property

      Four units, convenient location, and recent updates enhance value.
      426 S 4th St, Fulton, NY 13069
      View Details
    • $425,000

      Fulton Mixed-Use Investment Opportunity

      Mixed-use property in Fulton, NY with high visibility.
      5-7 N 2nd St, Fulton, NY 13069
      View Details
    • $1,200,000
      4,000 SF

      Turnkey Wedding & Event Center

      68+ acre wedding and event center with expansion potential.
      52 Nestle Dr, Fulton, NY, 13069
      View Details
    • $239,900

      Fulton Triplex with Recent Renovations

      Three-unit property in Fulton, renovated 12 years ago.
      62 W 1st St S, Fulton, NY 13069
      View Details
    • $699,000
      3,870 SF

      Fulton Commercial Building on Broadway

      High-visibility commercial building suitable for retail, office, or service businesses.
      801 W Broadway, Fulton, NY 13069
      View Details
    • $109,900

      Fulton Duplex with Rental Income

      Duplex with long-term tenants, generating rental income.
      215 Utica St, Fulton, NY 13069
      View Details
    • $445,000
      7,293 SF

      Fulton Retail Investment Opportunity

      Turn-key retail property in Fulton, NY with high visibility.
      201 Seneca St, Fulton, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled commercial building featuring office spaces, multiple entrances, and amenities.
    Where is this office units located?
    The property is located at 554 S 1st Street Fulton, NY.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Completely remodeled commercial building with ample parking and square footage.; Upgraded interior with flexible office spaces and larger rooms.; Multiple entrances/exits for space division.
    (315) 701-6900
    We can help!
    Listing Contact
    Tabitha Cleveland
    Tabitha Cleveland
    Real Estate License ID: 10301217275
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    554 S 1st Street, Fulton, NY 13069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!