Building Details

Buildings 3

Listing Agency: Amodio Realty Inc. Show Phone

Listed By: Stephen Amodio · License #10311203862

Source: Nicholcityrealty

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:27AM

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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 Amodio Realty Inc.

Investment Insights

Based on property information with market context.

This 19.73-acre mixed-use property includes a main store with a kitchen, half bath, and office. Supporting structures include a 52 x 100 greenhouse and a 52 x 101 pole barn. The former garden and produce operation also has a billboard on the property.

Recent property updates include a new stove and refrigerator. The main building roof is 4 years old, and the septic system was installed less than 10 years ago.

Key Highlights

• 19.73‑acre property with a main store, greenhouse, and pole barn
• Main store includes a kitchen, ½ bath, and office
• Greenhouse measures 52 x 100

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,579

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$611,580 $611.6K

Cap Rate 7%

$436,843 $436.8K

Cap Rate 9%

$339,767 $339.8K

Market Conditions

NOI Build-Up for 2,574 SF

Gross rent

$55.6K $21.60/SF

− Vacancy

−$6.7K −$2.59/SF

EGI

$48.9K $19.01/SF

− OpEx

−$18.3K −$7.13/SF

NOI

$30.6K $11.88/SF

Area

Oneida County, NY

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$611,580

Cap Rate 7%

$436,843

Cap Rate 9%

$339,767

Alternative Uses

Best Use

Mixed Use

$436.8K

$382.2K – $509.7K (±1% cap)

NOI $30,579 @ 7.0% cap · market cap 5.56%

Second Best

Retail

$369.9K

$323.7K – $431.5K (±1% cap)

NOI $25,892 @ 7.0% cap · market cap 4.71%

Theoretical Best

Office A

$678.3K

$593.5K – $791.4K (±1% cap)

NOI $47,481 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

Explore this area Business Placement

Demographics for 13440, NY

41,024

Population

19,286

Households

2.1

Avg Household Size

42

Median Age

23%

College-Educated

88%

High-School Grad

116.5 sq mi

ZIP Area

352

Density / Sq Mi

$65,497

Median Household Income

$43,747

Median Earnings

$863

Median Rent

$155,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - The site combines a commercial store and support buildings across an expansive acreage.

Where is this mixed-use property located?

The property is located at 8550 Turin Road Lee, NY.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: 19.73‑acre property with a main store, greenhouse, and pole barn; Main store includes a kitchen, ½ bath, and office; Greenhouse measures 52 x 100