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    Maider Rd Clay, NY 13041

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    For Sale
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    Prime Residential Land, I-481 Frontage

    Property Features for 0 Maider Rd

    General Information

    Property type
    Land
    Lot Size
    3,750,952 SF

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    Listing Contact
    Mark Austin
    Mark Austin

    Listing Agency: Pyramidbrokerage Listing Agent: Mark Austin

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

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    Overview

    This exceptional 86.11-acre parcel in Clay, NY, presents a unique investment opportunity. Boasting a highly visible location with approximately 1,960 feet of frontage on Interstate 481 and 835 feet of frontage on Verplank Road, this property offers unparalleled exposure. Its strategic position just north of the soon-to-be-redeveloped Great Northern Mall and only 3.5 miles from the proposed Micron project ensures significant future growth potential. The site benefits from its proximity to the Town of Clay's Route 31 retail corridor, a thriving area with a diverse range of national and regional retailers, restaurants, and service businesses. The permitted zoning allows for apartments and residential development, making it ideal for a variety of projects. The property's substantial size and prime location make it an attractive proposition for developers seeking to capitalize on the area's burgeoning growth. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a large, strategically located parcel in a rapidly developing area of Onondaga County, New York, with a zip code of 13041. The property is zoned for apartments and residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.233087233551
    Latitude
    43.192509634737

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, I-481 Frontage
    Where is this land located?
    The property is located at Maider Rd Clay, NY.
    What are key features of this property?
    This property features: 86.11-acre parcel in Clay, NY, zoned for apartments and residential development.; High visibility with ~1,960 ft of I-481 frontage and ~835 ft of Verplank Road frontage.; Prime location near the Great Northern Mall redevelopment and the proposed Micron project.
    (315) 445-8538 Call to check price and availability
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    Maider Rd Clay, NY 13041
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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
    Maider Rd Clay, NY 13041
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    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Austin
    Mark Austin
    Real Estate License ID: 10401356962
    (315) 445-8538 (315) 766-8281 (315) 445-1030
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