Sign Up Successful!
You now have access to more from Realmo!
    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

    4167 Acme Rd Frankfort, NY 13340

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    32.74 Acres, Prime Development Site

    Property Features for 4167 Acme Rd

    General Information

    Property type
    Land
    Lot Size
    1,426,154 SF

    We can help!

    Listing Contact
    Joyce Mawhinney Macknight
    Joyce Mawhinney Macknight

    Listing Agent: Joyce Mawhinney Macknight

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 32.74-acre commercial and industrial land parcel presents a unique investment opportunity in Frankfort, New York. Located at 4167 Acme Road, this property boasts convenient access to major transportation arteries, including the New York State Thruway (I-90) and other key highways, ensuring seamless logistics for any development. The site is strategically situated within Herkimer County, benefiting from a mix of industrial, commercial, and residential neighbors. Utilities are readily available, including public water, sewer, electricity, and natural gas, simplifying infrastructure needs. The property is comprised of eleven individual parcels, spanning both the Town and Village of Frankfort, offering flexibility for potential buyers. While the seller prefers a sale of the entire assemblage, consideration will be given to offers for smaller parcels. The zoning regulations permit a wide range of uses, making this land suitable for various development projects. This prime location and versatile zoning create an exceptional opportunity for investors seeking significant returns. The asking price for this expansive property is $595,000. The property's strategic location and infrastructure make it an ideal site for a variety of commercial and industrial ventures. Don't miss this chance to acquire a substantial piece of land with significant development potential in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C.H. LOGISTICS, INC Logistics Company

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Herkimer
    State
    New York
    Longitude
    -75.065631
    Latitude
    43.036324

    Nearby Similar for Sale

    • $105,000
      3,670 SF

      Frankfort Two-Family Home For Sale

      Two-unit home in Frankfort, ideal for investors or owner-occupants.
      2702 Southside Rd, Frankfort, NY 13340
      View Details
    • Contact for pricing
      63,000 SF

      Modern Industrial Building Near Route 5S

      Industrial building with easy access to Utica and surrounding markets.
      108 Business Park Dr, Frankfort, NY 13340
      View Details
    • $12,000,000
      141,072 SF

      Frankfort Industrial & Office Building

      Class A building with warehouse and office space on 26.1 acres.
      232 Industrial Park Dr, Frankfort, NY 13340
      View Details
    • Contact for pricing
      65,100 SF

      Renovated Flex Building in Frankfort

      65,100± SF flex building with office and warehouse space.
      126 Industrial Park Dr, Frankfort, NY 13340
      View Details
    • $475,000
      7,344 SF

      Frankfort Commercial Building - Huge Potential

      7,344 sq ft Commercial Space, Great Location
      2208 Broad St, Frankfort, NY 13340
      View Details
    • $7,500,000
      61,500 SF

      Frankfort, NY Flex Space Investment

      61,500 SF Flex Building, $7.5M
      126 Industrial Park Dr, Frankfort, NY 13340
      View Details

    FAQs

    What type of property is this?
    Land - 32.74 Acres, Prime Development Site
    Where is this land located?
    The property is located at 4167 Acme Rd Frankfort, NY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 11 parcels totaling 32.74 acres in Frankfort, NY, spanning both town and village.; Excellent access to NY State Thruway (I-90) and other major highways.; Strategic location near industrial, commercial, and residential properties.
    (315) 445-8514 Call to check price and availability
    Request Owner's contact information
    4167 Acme Rd Frankfort, NY 13340
    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.
    4167 Acme Rd
    Frankfort, NY 13340
    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
    4167 Acme Rd Frankfort, NY 13340
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joyce Mawhinney Macknight
    Joyce Mawhinney Macknight
    Real Estate License ID: 30MA0803428
    (315) 445-8514 (315) 727-5002 (315) 445-1030
    Learn more
    Google sign-in failed. Please try again or use another login method.