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    Updated Commercial Building in Camillus Title is generated by Realmo AI

    65 Main Street, Camillus, NY 13031

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    For Sale
    $324,900

    COMMERCIAL - Camillus, NY

    Property size:
    2,088 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $155/SF
    Added:
    Jun 9, 2023
    Days on Market:
    1072
    Last Refresh:
    May 15 at 6:06 am

    Property Features for 65 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Rooms
    Basement
    Parking features
    Offsite
    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
    Forced Air, Electric (Heating), Baseboard, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Vinyl, Carpet, Varies, Linoleum
    Building materials
    Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    James D. LeBlanc

    Listing agent James D. LeBlanc License #40LE0925608

    Listing office Arquette & Associates,REALTORS 319 Nottingham Road, Fayetteville, NY

    Listing date Jun 9, 2023

    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.

    HighLights

    • High visibility location on Main Street in the trendy Village of Camillus.
    • Totally renovated and in excellent condition.
    • Second floor apartment provides extra income.
    • Multiple funding sources are now available.
    • Central air conditioning.
    • Diverse flooring options including Hardwood, Linoleum, Vinyl, and Carpet.

    Overview

    Located in the village of Camillus, this updated commercial building on Main Street offers high visibility and traffic. The property includes a second-floor apartment that provides additional income. The building has been totally renovated and is in excellent condition. The property size is 2088 square feet and the lot size is 0.0244 acres. The zoning is C. The tenants are currently on a month-to-month status. This property may be listed under two different addresses on government publications because of the split street name (W Genesee St/Main St). Both 65 Main St and 65 W Genesee St refer to the same property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Camillus
    County
    Onondaga
    State
    New York
    Longitude
    -76.311155
    Latitude
    43.038482

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    • $1,800,000
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      Medical Office Building For Sale

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    • $695,000

      Mixed-Use Property with Storefronts

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated commercial building with high visibility and extra income.
    Where is this mixed-use 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: High visibility location on Main Street in the trendy Village of Camillus.; Totally renovated and in excellent condition.; Second floor apartment provides extra income.
    (315) 446-4100
    We can help!
    Listing Contact
    James D. LeBlanc
    Real Estate License ID: 40LE0925608
    Learn More
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    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
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