Single-Tenant Retail
New
For Sale
$599,000
85-89 Genesee Street, Auburn, NY 13021
The occupant operates under a NNN lease extending through 2030, with landlord duties limited to the roof, structure, and foundation.
Property Size5,000 SF
Lot Size0.24 Acres
Price / SF$119.80
Days on Market2
Property Features for 85-89 Genesee Street
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.24 Acres
Property subtype
Retail
Additional Details
Traffic Count
10,500 vehicles/day
Tenant in Place
Yes
Building Details
Building Size
5,000 SF
Year Built
1977
Buildings
1
Tenancy
Single
Listing Agency:
Caliber Commercial Brokerage, LLC
Listed By:
Daniel Mansfield · License #NY # 10401384079
(845) 490-7914
Source:
Caliberbrokerage
Added: Nov 1
Last Checked: Nov 1 at 3:30PM
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 Caliber Commercial Brokerage, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000 SF retail storefront, built in 1977, sits on approximately 0.24 acres and is occupied by Rent-A-Center East, Inc. The company has operated at the property since 1994 under a NNN lease that runs through December 31, 2030. The landlord’s responsibilities are confined to the roof, structure, and foundation.
At 85-89 Genesee Street, the property fronts downtown Auburn’s primary commercial corridor, which carries approximately 10,500 vehicles per day. Wegmans, Auburn Plaza, and other retail destinations are nearby. The Rent-A-Center location ranks among the top 11% of stores nationwide, according to Placer.ai.
At 85-89 Genesee Street, the property fronts downtown Auburn’s primary commercial corridor, which carries approximately 10,500 vehicles per day. Wegmans, Auburn Plaza, and other retail destinations are nearby. The Rent-A-Center location ranks among the top 11% of stores nationwide, according to Placer.ai.
Key Highlights
- 5,000 SF retail building on approximately 0.24 acres
- Built in 1977
- Rent‑A‑Center East, Inc. has occupied the property since 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,295
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,900
$1.0M
Cap Rate 7%
$718,500
$718.5K
Cap Rate 9%
$558,833
$558.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$71.9K $14.37/SF
− OpEx
−$21.6K −$4.31/SF
NOI
$50.3K $10.06/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,900
Cap Rate 7%
$718,500
Cap Rate 9%
$558,833
Alternative Uses
Best Use
Retail
$718.5K
$628.7K – $838.3K
NOI $50,295 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.6K – $1.29M
NOI $77,568 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The occupant operates under a NNN lease extending through 2030, with landlord duties limited to the roof, structure, and foundation.
Where is this storefront property located?
The property is located at 85-89 Genesee Street Auburn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,000 SF retail building on approximately 0.24 acres; Built in 1977; Rent‑A‑Center East, Inc. has occupied the property since 1994
