Updated Storefront Building with
For Sale
$324,900
65 Main Street, Camillus, NY 13031
COMMERCIAL - Camillus, NY
Property Size2,088 SF
Lot Size0.02 Acres
Price / SF$155.60
Days on Market1165
Property Features for 65 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Zoning description
Commercial
Rooms
Basement
Parking features
Offsite
Elementary school district
West Genesee
Middle school district
West Genesee
High school district
West Genesee
Directions
Take I-690 W and NY-5 W to Camillus-Warners Rd/Newport Rd in Camillus. Take the exit toward Camillus/Warners from NY-5 W. Continue on Camillus-Warners Rd/Newport Rd. Drive to W Genesee St/Main St in Camillus. House in on the left.
Subdivision
Camillus-Village-312001
Standard status
Active
APN
312001-003-000-0003-018-000-0000
Size
2,088 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4083
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Electric (Heating), Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies, Carpet, Linoleum
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Arquette & Associates,REALTORS
(315) 446-4100
Listed By:
James D. LeBlanc · License #40LE0925608
(315) 446-4100
Added: Jun 9, 2023
Changed: Aug 4
Last Checked: Aug 16 at 1:06PM
MLS# S1476315
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated storefront building includes a frame structure with asphalt roof and a mix of flooring types, including carpet, hardwood, linoleum, and vinyl. Heating is provided by a combination of electric and natural gas systems, including baseboard and forced air. Central air is in place, and the property connects to public sewer.
The building is on Main Street in Camillus and is described as having high visibility. The upstairs apartment provides additional residential space within the same building. Parking is listed as offsite.
The property is identified on government publications as potentially two different addresses due to a split street name (W Genesee St/Main St). The remarks note that 65 Main St and 65 W Genesee St refer to the same property. Lot size is listed at 0.0244 acres, and the property size is listed as 2,088 square feet. The zoning is listed as C.
The building is on Main Street in Camillus and is described as having high visibility. The upstairs apartment provides additional residential space within the same building. Parking is listed as offsite.
The property is identified on government publications as potentially two different addresses due to a split street name (W Genesee St/Main St). The remarks note that 65 Main St and 65 W Genesee St refer to the same property. Lot size is listed at 0.0244 acres, and the property size is listed as 2,088 square feet. The zoning is listed as C.
Key Highlights
- 2,088 SF storefront building on a 0.0244‑acre lot
- Frame construction with asphalt shingle roof
- Central air plus electric and natural gas heating (baseboard and forced air)
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
$25,204
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
7.76%
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%
$504,080
$504.1K
Cap Rate 7%
$360,057
$360.1K
Cap Rate 9%
$280,044
$280.0K
Market Conditions
NOI Build-Up for 2,088 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
$37.6K $18.00/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$36.0K $17.24/SF
− OpEx
−$10.8K −$5.17/SF
NOI
$25.2K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$504,080
Cap Rate 7%
$360,057
Cap Rate 9%
$280,044
Alternative Uses
Best Use
Retail
$360.1K
$315.1K – $420.1K
NOI $25,204 @ 7.0% cap · market cap 7.76%
Second Best
Multifamily LT 5
$317.4K
$277.7K – $370.3K
NOI $22,217 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$362.9K
$317.5K – $423.4K
NOI $25,401 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated Main Street storefront with central air, public sewer, and an upstairs apartment; zoning is listed as C.
Where is this storefront property located?
The property is located at 65 Main Street Camillus, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,088 SF storefront building on a 0.0244‑acre lot; Frame construction with asphalt shingle roof; Central air plus electric and natural gas heating (baseboard and forced air)
