Pole Barn Flex and
For Sale
$279,900
8892 S Seneca Street, Weedsport, NY 13166
2017-built pole barn with two drive-in doors, 200-amp service, and a crushed-stone parking lot for 20+ vehicles.
Property Size1,440 SF
Lot Size0.38 Acres
Price / SF$194.38
Days on Market133
Property Features for 8892 S Seneca Street
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
20
Lot size
0.38 Acres
Property subtype
Commercial
Zoning
C, Commercial
Additional Details
Highway Access
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$2,216
Building Details
Building Size
1,440 SF
Year Built
2017
Buildings
1
Stories
1
Listing Agency:
L Wilson Realty
(315) 664-0026
Listed By:
Lynette A. Wilson
(315) 664-0026
Source:
Homeprocny
Added: Apr 14
Changed: Aug 23
Last Checked: Aug 23 at 5:21AM
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 L Wilson Realty
Investment Insights
Based on property information with market context.
This 2017-built pole barn offers a flexible commercial setup for light industrial, retail/service, or storage use. The building measures 36 x 40 and is set up for straightforward access and operations, with a main 12 x 8 door with an electric opener plus a second 10 x 8 door. A 200-amp electrical service is included, supporting a wide range of tenant and owner needs. The sale also includes a newer, well-maintained shed with its own separate electrical box.
The property is located just minutes off exit 40 in Weedsport, New York, and sits set back from the main street. Off-street parking is provided via a crushed-stone lot that can accommodate over 20 vehicles, designed to support customer and delivery convenience. A secondary driveway exists on 2696 Furnace St, noted with a separate tax map (#83.05-3-60).
For buyers and operators seeking a small-footprint, ready-to-use structure outside a dense retail setting, the combination of dual drive-in access, on-site electrical service, and practical parking can support everything from service operations to recreational or commercial storage. Interested parties are encouraged to confirm zoning and allowable uses with the Village of Weedsport codes office.
The property is located just minutes off exit 40 in Weedsport, New York, and sits set back from the main street. Off-street parking is provided via a crushed-stone lot that can accommodate over 20 vehicles, designed to support customer and delivery convenience. A secondary driveway exists on 2696 Furnace St, noted with a separate tax map (#83.05-3-60).
For buyers and operators seeking a small-footprint, ready-to-use structure outside a dense retail setting, the combination of dual drive-in access, on-site electrical service, and practical parking can support everything from service operations to recreational or commercial storage. Interested parties are encouraged to confirm zoning and allowable uses with the Village of Weedsport codes office.
Key Highlights
- 2017‑built 36 x 40 pole barn on a 128 x 129 lot in Weedsport, NY
- Two drive‑in doors: 12 x 8 main door with electric opener, plus a second 10 x 8 door
- 200‑amp electrical service included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,680
$361.7K
Cap Rate 7%
$258,343
$258.3K
Cap Rate 9%
$200,933
$200.9K
Market Conditions
NOI Build-Up for 1,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.2K $21.00/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$27.8K $19.32/SF
− OpEx
−$9.7K −$6.76/SF
NOI
$18.1K $12.56/SF
Area
Cayuga County, NY
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,680
Cap Rate 7%
$258,343
Cap Rate 9%
$200,933
Alternative Uses
Best Use
Flex RnD
$258.3K
$226.1K – $301.4K
NOI $18,084 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$127.2K
$111.3K – $148.4K
NOI $8,906 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$319.1K
$279.3K – $372.3K
NOI $22,340 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13166, NY
5,398
Population
2,629
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
40.9 sq mi
ZIP Area
132
Density / Sq Mi
$76,484
Median Household Income
$48,711
Median Earnings
$1,117
Median Rent
$150,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 2017-built pole barn with two drive-in doors, 200-amp service, and a crushed-stone parking lot for 20+ vehicles.
Where is this flex space located?
The property is located at 8892 S Seneca Street Weedsport, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2017‑built 36 x 40 pole barn on a 128 x 129 lot in Weedsport, NY; Two drive‑in doors: 12 x 8 main door with electric opener, plus a second 10 x 8 door; 200‑amp electrical service included
