Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    331-333 Blandina St Utica, NY 13501

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 331-333 Blandina St

    Property type
    Land

    Description

    This exceptional 0-unit land parcel, located at 331-333 Blandina Street in Utica, New York (zip code 13501), presents a compelling investment opportunity for developers and forward-thinking investors. The property, encompassing a mixed-use corner lot, is ideally situated in the heart of downtown Utica, offering unparalleled access to the city's amenities and infrastructure. Currently zoned for flexible use, this land parcel provides a blank canvas for a wide range of development possibilities. The asking price for this prime piece of real estate is $12,500. Its central location within Oneida County, New York, ensures high visibility and accessibility. With its strategic positioning and flexible zoning, this property is poised to deliver significant returns. The coordinates for this property are latitude 43.0980917 and longitude -75.2264021. This is a rare chance to acquire a highly desirable downtown Utica property with immense potential for future growth and development. Don't miss this opportunity to secure a piece of Utica's vibrant urban landscape.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2264
    Latitude
    43.0981

    Comparable in this City

    • Value Estimation by Request
      2,310 SF

      2505 Genesee St

      Land • 2,310 SF
      2505 Genesee St, Utica, NY 13501
      View Details
    • Value Estimation by Request
      3,791 SF

      2627 Genesee St

      Land • 3,791 SF
      2627 Genesee St, Utica, NY 13501
      View Details
    • Value Estimation by Request
      1,625 SF

      2807 Genesee St

      Land • 1,625 SF
      2807 Genesee St, Utica, NY 13501
      View Details
    • Value Estimation by Request
      0.08 Acres

      305 Saint Anthony St

      COMMERCIAL (GENERAL) • 0.08 Acres
      305 Saint Anthony St, Utica, NY 13501
      View Details
    • Value Estimation by Request
      0.14 Acres

      316 Elizabeth St

      COMMERCIAL (GENERAL) • 0.14 Acres
      316 Elizabeth St, Utica, NY 13501
      View Details
    • Value Estimation by Request
      8,574 SF

      600 Albany St

      Commercial real estate • 8,574 SF
      600 Albany St, Utica, NY 13501
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Utica Land For Sale

      Land available for sale in Utica, New York.
      110 Southgate Rd, Utica, NY 13501
      View Details
    • Contact for pricing

      Land Available in Utica

      Land for sale with utilities at street.
      111 Southgate Rd, Utica, NY 13501
      View Details
    • Contact for pricing

      City Lot For Sale

      26 x 58 lot with utilities in city center.
      1302 Seymour Ave, Utica, NY 13501
      View Details
    • Contact for pricing

      Land Available in Utica

      Land with gas and water connections available on street.
      106 Southgate Rd, Utica, NY 13501
      View Details
    • Contact for pricing

      Land Available in Utica

      Land with gas and water at street in Utica.
      115 Southgate Rd, Utica, NY 13501
      View Details
    • Contact for pricing

      Land Available in Utica

      Land with gas and water connections available at the street.
      113 Southgate Rd, Utica, NY 13501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Corner Lot for Lease

      1.18+/- acre corner lot suitable for retail or office development.
      515 Broad St, Utica, NY 13501
      View Details
    • $13 SF/Yr
      900 SF

      Renovated Office Space Available

      Newly renovated office space in downtown Utica for rent.
      287 Genesee St, Utica, NY 13501
      View Details
    • Contact for pricing
      12,000 SF

      Office Space Near Courthouse

      Available office space in Utica, near government buildings.
      209 Elizabeth St, Utica, NY 13501
      View Details
    • $12 SF/Yr
      2,740 SF

      Office Space in Bagg's Square

      Office space for rent in mixed-use building, build-to-suit.
      421423 Broad St, Utica, NY 13501
      View Details
    • $2,900 /Mo
      2,434 SF

      Former Restaurant with Drive-Thru

      Downtown Utica restaurant space with drive-thru and parking.
      326 Genesee St, Utica, NY 13501
      View Details
    • $14 SF/Yr
      3,333 SF

      Renovated Office or Retail Space

      Newly renovated office/retail space with parking and shared conference room.
      310 Broad St, Utica, NY 13501
      View Details
    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.
    331-333 Blandina St
    Utica, NY 13501
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.