Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    75-83 W Utica St Oswego, NY 13126

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for development near Oswego Hospital.

    Type:Land
    Added:
    Jul 13, 2024
    Days on Market:
    652
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 75-83 W Utica St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    William Galloway

    Listing agent William Galloway License #NY

    Listing office CENTURY 21 Galloway Realty

    Listing date Jul 13, 2024

    Source Crexi

    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 CENTURY 21 Galloway Realty

    Overview

    Commercial Land Development Opportunity

    This commercial property presents a development opportunity with frontage on West Utica Street, bordering West 6th and West 7th Streets. The offering includes the adjacent property at 176 W Utica Street, measuring 53 x 34. The vacant land is suitable for a medical facility or apartment complex. The property is located two blocks from Oswego Hospital.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Oswego
    State
    New York
    Longitude
    -76.5153126
    Latitude
    43.4511744

    Nearby Similar for Sale

    • $1,850,000
      6,579 SF

      Oswego Night Spot For Sale

      Premiere night spot in Oswego, NY, with expansion potential.
      51 W Bridge Street, Oswego, NY 13126
      View Details
    • $235,000
      3,990 SF

      Oswego Four-Unit Investment Opportunity

      Fully leased quadruplex near SUNY Oswego with immediate cash flow.
      53 E 4th Street, Oswego, NY 13126
      View Details
    • $90,000
      1,274 SF

      Oswego Duplex with Extra Lot

      Duplex in Oswego, NY with investment and owner-occupant potential.
      68 Mitchell Street, Oswego, NY 13126
      View Details
    • $86,900

      Oswego Land Parcel For Sale

      Centrally located land parcel near businesses, shopping, and dining.
      33,37 W Cayuga Street, Oswego, NY 13126
      View Details
    • $85,000

      Lake Ontario Waterfront Lot

      Waterfront lot with new septic and shoreline wall.
      210 Joe Fultz Boulevard, Oswego, NY 13126
      View Details
    • $35,000

      6.2 Acres Wooded Oswego Land

      6.2 acres in Oswego County, near attractions and recreation.
      L1.01 State Route 104, Oswego, NY 13126
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Oswego Corridor

      Retail space available in prime Oswego location near Walmart.
      301 State Rte 104, Oswego, NY
      View Details
    • $825,000
      18,500 SF

      Industrial Property with Covered Storage

      9,500 SF building with 9,000 SF covered space on 4.5 acres.
      373 East Ave, Oswego, NY 13126
      View Details
    • $625,000
      2,988 SF

      Established Auto Shop Business Opportunity

      Well-equipped auto shop on 3.61 acres in Oswego, NY.
      21 Fred Haynes Blvd, Oswego, NY 13126
      View Details
    • $615,000
      13,720 SF

      Industrial Property on 5.18 Acres

      13,720 SF industrial property on 5.18 acres for sale.
      384 East Ave, Oswego, NY 13126
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for development near Oswego Hospital.
    Where is this commercial land located?
    The property is located at 75-83 W Utica St Oswego, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Great investment opportunity for medical facility or apartment complex.; Prime location bordering West 6th and West 7th Street with frontage on West Utica Street.; Includes 176 W Utica Street property.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Galloway
    Real Estate License ID: NY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!