Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1070 NY-414 Waterloo, NY 13165

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for development near Del Lago Casino Resort.

    Type:Land
    Lot size:
    40.00 Acres
    Added:
    Jun 15, 2024
    Days on Market:
    673
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1070 NY-414

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Gregory J. Hamel

    Listing agent Gregory J. Hamel License #NY

    Listing office Cushman & Wakefield Pyramid Brokerage Company Syracuse

    Listing date Jun 15, 2024

    Source Crexi

    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 Cushman & Wakefield Pyramid Brokerage Company Syracuse

    Overview

    Commercial Land Near Del Lago

    This commercial land, consisting of over 40 acres, is available for development. The site is located directly across from the Del Lago Casino Resort at a signalized intersection. It is positioned directly off of and onto the New York State Thruway, offering a logistical advantage within the heartland of New York State. The location is suitable for name-brand retailers, fast-food establishments, and hotels aiming to benefit from the area's tourist appeal, as well as manufacturing businesses. The owner is willing to subdivide the land or provide additional acreage if required.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Bar & Pub Discount Store Grocery & Convenience Store Cafe & Coffee Shop Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Seneca
    State
    New York
    Longitude
    -76.8904
    Latitude
    42.9454

    Nearby Similar for Sale

    • $425,000
      7,435 SF

      Turn-Key Restaurant & Event Destination

      High-visibility commercial property with restaurant, event, and entrepreneurial potential.
      369 Waterloo Geneva Road, Waterloo, NY 13165
      View Details
    • $129,900
      3,127 SF

      Waterloo Duplex with Long-Term Tenants

      Two-unit side-by-side apartment building with long-term tenants.
      103 E Williams Street, Waterloo, NY 13165
      View Details
    • $295,000
      7,338 SF

      Mixed-Use Commercial Property with Visibility

      Dual-building commercial property in high-traffic area, ideal for diverse ventures.
      2932 Serven Road, Waterloo, NY 13165
      View Details
    • $249,900
      3,494 SF

      Waterloo Investment Opportunity

      Three-unit building with storefront/bar and apartments in Waterloo, NY.
      14 E Main Street, Waterloo, NY 13165
      View Details
    • $129,900

      Two-Unit Multifamily Property

      Two-unit property with long-term tenants, investor special.
      103 E Williams St, Waterloo, NY 13165
      View Details
    • $249,900
      3,494 SF

      Waterloo Mixed-Use Investment Opportunity

      Fully occupied 3-unit building in the Finger Lakes region.
      14 E Main St, Waterloo, NY 13165
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for development near Del Lago Casino Resort.
    Where is this commercial land located?
    The property is located at 1070 NY-414 Waterloo, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime location directly across from Del Lago Casino Resort; 40+ commercial acres available for development; Ideal for retailers, fast food, and hotels capitalizing on tourist traffic
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gregory J. Hamel
    Real Estate License ID: NY
    Learn More
    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.
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!