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    Development Opportunity Near Micron Site Title is generated by Realmo AI

    8860 Brewerton Road, Brewerton, NY 13029

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    Claim this Listing
    For Lease
    $2,200,000 SF/Yr $43,923,000,000/Mo (calc)

    COMMERCIAL - Brewerton, NY

    Property size:
    239,580 SF
    Lot size:
    5.50 Acres
    Added:
    May 7, 2025
    Days on Market:
    373
    Last Refresh:
    May 14 at 5:06 am

    Property Features for 8860 Brewerton Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    22005
    Parking
    35
    Standard status
    Active
    APN
    312289-120-000-0002-004-000-0000
    Size
    239,580 SF
    Lot size
    5.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13710

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central, Hot Water(Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael S Banks

    Listing agent Michael S Banks License #10301223248

    Listing office Rooftop Realty Group LLC 407 Tulip St., Liverpool, NY

    Listing date May 7, 2025

    MLS# S1605195

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime development opportunity on 5.5 acres directly across from the Micron development site.
    • High visibility location on Brewerton Road/Route 11, visible from Route 81.
    • Proposed Route 81 off‑ramp at Sneller Road and Brewerton Road widening to 4 lanes will increase accessibility.
    • Public water and sewer available.
    • Includes an existing 6840+/- SF building.
    • Significant frontage on Route 11 (425') and Sneller Road (582').

    Overview

    This 5.5-acre commercial land parcel presents a development opportunity. The site is located on Brewerton Road/Route 11, across from the Micron development site, and is visible from Route 81. The property includes a building with 6840 square feet. Frontage on Route 11 measures 425 feet, while frontage on Sneller Road is 582 feet. Public water and sewer services are available. According to a recent Micron environmental report, there are proposed plans for a Route 81 off-ramp at Sneller Road, with Brewerton Road slated to be widened to four lanes from its current two lanes, extending up to Sneller Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rae's Institute of Dance Training Center Upstate Pool Corporation General Contractor

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Auto Parts Store Kitchen & Bath Showroom HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewerton
    County
    Onondaga
    State
    New York
    Longitude
    -76.134298
    Latitude
    43.216243

    FAQs

    What type of property is this?
    Commercial land - 5.5 acre commercial land near Micron development with highway visibility.
    Where is this commercial land located?
    The property is located at 8860 Brewerton Road Brewerton, NY.
    What is the lease rate?
    The lease rate is $2,200,000.
    What are key features of this property?
    This property features: Prime development opportunity on 5.5 acres directly across from the Micron development site.; High visibility location on Brewerton Road/Route 11, visible from Route 81.; Proposed Route 81 off‑ramp at Sneller Road and Brewerton Road widening to 4 lanes will increase accessibility.
    (315) 516-2476
    We can help!
    Listing Contact
    Michael S Banks
    Real Estate License ID: 10301223248
    Learn More
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    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
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    8860 Brewerton Road, Brewerton, NY 13029
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