Second-Floor Office
For Sale
Contact for pricing
68 Castle Street, Geneva, NY 14456
Large windows provide abundant natural light in a private professional workspace.
Property Size1,500 SF
Price / SF$1.00
Days on Market52
Property Features for 68 Castle Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
CommercialLease
Additional Details
Floor
2
Listing Agency:
Coldwell Banker Finger Lakes
(315) 789-6768
Listed By:
Kyle Olschewske · License #10401321140
(315) 719-7623
Source:
Nicholcityrealty
Added: Aug 30
Changed: Oct 10
Last Checked: Oct 19 at 6:21AM
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 Coldwell Banker Finger Lakes
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit occupies the second floor at 68 Castle Street in Geneva City, New York. Large windows bring substantial natural light into the workspace, while the elevated position provides separation from street-level activity. The layout is described as efficient and adaptable for office use, with applications including professional services, consulting, and creative work.
Key Highlights
- Second‑floor office unit at 68 Castle Street, Geneva City, NY 14456
- 1,500‑square‑foot office space
- Large windows provide abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,008
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
$480.2K
Cap Rate 7%
$342,971
$343.0K
Cap Rate 9%
$266,756
$266.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.4K $24.96/SF
− Vacancy
−$5.4K −$3.62/SF
EGI
$32.0K $21.34/SF
− OpEx
−$8.0K −$5.34/SF
NOI
$24.0K $16.01/SF
Area
Ontario County, NY
Vacancy
14.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
Cap Rate 7%
$342,971
Cap Rate 9%
$266,756
Alternative Uses
Best Use
Office B
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 1,600.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 2,095.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 14456, NY
19,602
Population
9,087
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
77.3 sq mi
ZIP Area
254
Density / Sq Mi
$74,691
Median Household Income
$38,782
Median Earnings
$967
Median Rent
$166,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Large windows provide abundant natural light in a private professional workspace.
Where is this office unit located?
The property is located at 68 Castle Street Geneva, NY.
What are key features of this property?
This property features: Second‑floor office unit at 68 Castle Street, Geneva City, NY 14456; 1,500‑square‑foot office space; Large windows provide abundant natural light
