Multi-Tenant Warehouse with Dock
For Sale
Contact for pricing
6375 Furnace Rd, Ontario, NY 14519
Multi-tenant industrial complex with concrete and wood-frame buildings and multiple grade-level and dock doors for suite access.
Property Size5,700 SF
Lot Size7.00 Acres
Price / SF$171.05
Days on Market61
Property Features for 6375 Furnace Rd
General Information
Standard status
Active
Size
5,700 SF
Lot size
7.00 Acres
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Building Details
Buildings
3
Tenancy
Multi
Properties For Sale
at 6375 Furnace Rd Contact us- Floor
- 1
- Size
- 3,500 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
Linc Ontario Industrial Center
Introducing a prime leasing opportunity at 6372-6375 Furnace Road, Ontario, NY. This...
show more
Contact us
- Floor
- 2
- Size
- 5,700 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
Linc Ontario Industrial Center
Introducing a prime leasing opportunity at 6372-6375 Furnace Road, Ontario, NY. This...
show more
Contact us
Listing Agency:
Anchor Real Estate Advisors
(585) 299-2799
Listed By:
Joseph F. "Joe" Rowley, Jr. · License #10491211217
(585) 820-3153
Source:
Moodyscre
Added: Jul 17
Changed: Aug 25
Last Checked: Sep 15 at 9:48AM
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 Anchor Real Estate Advisors
Investment Insights
Based on property information with market context.
This multi-tenant industrial property offers multiple warehouse buildings with grade-level and dock doors providing direct and common access to respective suites. The property includes approximately 70,530 square feet of warehouse space across three buildings, with a main four-story structure and additional warehouse buildings suited to flexible tenancy.
Building 1 is a concrete, four-story structure with tall ceilings on all floors. Building 2 is also concrete with high ceilings. Building 3 is wood frame. Across the property, there are multiple grade-level and dock doors supporting efficient loading and unloading from both direct and shared access points.
The site also includes approximately 7 acres of idle land, which may support development considerations alongside the current warehouse footprint.
Building 1 is a concrete, four-story structure with tall ceilings on all floors. Building 2 is also concrete with high ceilings. Building 3 is wood frame. Across the property, there are multiple grade-level and dock doors supporting efficient loading and unloading from both direct and shared access points.
The site also includes approximately 7 acres of idle land, which may support development considerations alongside the current warehouse footprint.
Key Highlights
- Approximately 70,530 SF multi‑tenant warehouse space across three buildings
- Main four‑story concrete building with tall ceilings on all floors
- Second concrete building with high ceilings
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
$42,807
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
4.39%
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%
$856,140
$856.1K
Cap Rate 7%
$611,529
$611.5K
Cap Rate 9%
$475,633
$475.6K
Market Conditions
NOI Build-Up for 5,700 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
$54.0K $9.48/SF
− Vacancy
−$3.7K −$0.64/SF
EGI
$50.4K $8.84/SF
− OpEx
−$7.6K −$1.33/SF
NOI
$42.8K $7.51/SF
Area
Wayne County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$856,140
Cap Rate 7%
$611,529
Cap Rate 9%
$475,633
Alternative Uses
Best Use
Warehouse
$611.5K
$535.1K – $713.5K
NOI $42,807 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,484 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14519, NY
12,354
Population
5,281
Households
2.3
Avg Household Size
44
Median Age
34%
College-Educated
95%
High-School Grad
42.0 sq mi
ZIP Area
294
Density / Sq Mi
$91,331
Median Household Income
$46,293
Median Earnings
$927
Median Rent
$222,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Community Ridge Storage — 2085 Community Ln, Ontario, NY 14519
- Furnace Mini Storage — 6405 Furnace Rd, Ontario, NY 14519
- Linc-Ontario Industrial Center — 6375 Furnace Rd, Ontario, NY 14519
- Ontario NY Self Storage — 6453 furnace rd, ontario, ny 14519
- Ontario NY Storage — 6453 Furnace Rd, Ontario, NY 14519
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial complex with concrete and wood-frame buildings and multiple grade-level and dock doors for suite access.
Where is this warehouse located?
The property is located at 6375 Furnace Rd Ontario, 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: Approximately 70,530 SF multi‑tenant warehouse space across three buildings; Main four‑story concrete building with tall ceilings on all floors; Second concrete building with high ceilings
