Building Details

Year Built 1982

Buildings 2

Construction pole barn

Listing Agency: Blue Arrow Real Estate

Listed By: Angelo J. Prestigiacomo · License #10491211139 Show Phone

Source: Skinnercnyrealty

Added: Sep 21 Last Checked: Sep 21 at 5:25AM

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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 Blue Arrow Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property combines an 1,890-square-foot office building with a 4,000-square-foot pole barn on 46.6 acres. The office building dates to 1982, while the pole barn was constructed in 2014. The barn measures 100 feet by 40 feet and includes a concrete floor, full electric service, five 14-foot overhead doors, and an open-span interior that can be divided if needed.

The property is zoned industrial and includes three parcels totaling 2.9 acres, 8.6 acres, and 33.1 acres. Most of the land consists of wetlands, with some buildable acreage. Public utilities are available, and the property has exposure from Route 332. Access is also described as being near Thruway Exit 44 in Cananadiagua.

Key Highlights

• 46.6 acres across three parcels, with 2.9 acres, 8.6 acres, and 33.1 acres
• 5,890 square feet total: 1,890‑square‑foot office building and 4,000‑square‑foot industrial pole barn
• 4,000‑square‑foot pole barn built in 2014; 100 feet by 40 feet

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

$59,636

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

6.12%

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%

$1,192,720 $1.2M

Cap Rate 7%

$851,943 $851.9K

Cap Rate 9%

$662,622 $662.6K

Market Conditions

NOI Build-Up for 5,890 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

$106.0K $18.00/SF

− Vacancy

−$10.6K −$1.80/SF

EGI

$95.4K $16.20/SF

− OpEx

−$35.8K −$6.07/SF

NOI

$59.6K $10.13/SF

Area

Ontario County, NY

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

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%

$1,192,720

Cap Rate 7%

$851,943

Cap Rate 9%

$662,622

Alternative Uses

Best Use

Office B

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,273 @ 7.0% cap · market cap 9.67%

Second Best

Mixed Use

$851.9K

$745.5K – $993.9K (±1% cap)

NOI $59,636 @ 7.0% cap · market cap 6.12%

Theoretical Best

Office A

$1.76M

$1.54M – $2.06M (±1% cap)

NOI $123,407 @ 7.0% cap · market cap 12.66%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Portalogix Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

Explore this area Business Placement

Demographics for 14425, NY

13,068

Population

5,414

Households

2.4

Avg Household Size

37

Median Age

39%

College-Educated

96%

High-School Grad

19.6 sq mi

ZIP Area

667

Density / Sq Mi

$92,010

Median Household Income

$50,178

Median Earnings

$1,512

Median Rent

$222,500

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Industrial-zoned acreage combines an owner-user office building with a flexible, electrically serviced pole barn.

Where is this mixed-use property located?

The property is located at 6107 Loomis Rd Farmington, NY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 46.6 acres across three parcels, with 2.9 acres, 8.6 acres, and 33.1 acres; 5,890 square feet total: 1,890‑square‑foot office building and 4,000‑square‑foot industrial pole barn; 4,000‑square‑foot pole barn built in 2014; 100 feet by 40 feet