Your AI Navigator in Commercial Real Estate
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

    Thompson Rd Cicero, NY 13039

    Sponsored
    For Sale
    $175,000

    Prime Industrial Land, Build-to-Suit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This 6.6-acre parcel of industrially zoned land presents a unique opportunity for development in Cicero, New York. Located on Thompson Road, just north of South Bay Road, this property boasts over 100 feet of road frontage, providing excellent visibility and accessibility. Its strategic location offers easy access to major transportation arteries, including I-81, I-481, and the NYS Thruway (I-90), as well as Route 31 (less than one mile away). The property's zoning permits the construction of warehouses, offices, and other industrial facilities, making it ideal for a variety of uses. The owner is open to build-to-suit options, offering flexibility to potential buyers. The area is well-established, with nearby businesses including Life Storage, Kinney Drugs, and Dunkin' Donuts, indicating a thriving commercial environment. The asking price for this exceptional property is $175,000. This represents a compelling investment opportunity in a highly desirable location with significant development potential. The property is situated in Onondaga County, New York, with a zip code of 13039.

    Property Features for 0 Thompson Rd

    General Information

    Property type
    Land
    Lot Size
    287,496 SF

    We can help!

    Listing Contact
    Gary Cottet
    Gary Cottet

    Learn more

    HighLights

    • $175,000 asking price.
    • 6.6‑acre industrial land parcel.
    • Located in Cicero, NY, on Thompson Rd.
    • Industrial zoning.
    • Excellent access to major highways (I‑81, I‑481, I‑90).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cicero
    County
    Onondaga
    State
    New York
    Longitude
    -76.093004
    Latitude
    43.16809516

    Nearby Comparable

    • $3,750,000

      Corner Development Parcel for Sale

      26.39+/- acre corner development parcel with high visibility.
      6200-6214 S Bay Rd, Cicero, NY 13039
      View Details
    • $3,750,000
      26.39 Acres

      Cicero Development Land Near Micron

      26 acres, high-visibility location, near Micron.
      6200-6214 Bay Rd, Cicero, NY 13039
      View Details
    • $3,750,000
      26.39 Acres

      Cicero Development Site For Sale

      26.39 acre development site in Cicero, NY for sale.
      6200 South Bay Rd, Cicero, NY 13039
      View Details
    • $1,100,000
      Pending

      Industrial/Commercial Space Near Micron

      14,736 SF industrial/commercial building on 1.22 acres in Cicero, NY.
      8125 Thompson Rd, Cicero, NY 13039
      View Details
    • $175,000

      Route 31 Development Parcel

      Development parcel on Route 31 with site plan approval.
      6288 State Route 31, Cicero, NY 13039
      View Details
    • $175,000
      1.80 Acres

      Cicero Commercial Land - $175K

      1.8-acre development site, owner financing.
      6288 Ny-31, Cicero, NY 13039
      View Details
    • $299,000
      2.95 Acres

      Cicero NY Development Land

      Prime 3-acre commercial site near Micron.
      6017 Ny-31, Cicero, NY 13039
      View Details
    • $289,900

      Route 31 Office or Retail

      Well-maintained office or retail space with high visibility.
      5998 State Route 31, Cicero, NY 13039
      View Details
    • $575,000
      3.52 Acres

      Cicero, NY Commercial Land Opportunity

      3.52 Acres, General Commercial Zoning
      6025 Ny-31, Cicero, NY 13039
      View Details
    • $275,000

      Riverfront Acreage on Oneida River

      Large acreage with river frontage, ideal for recreation or home.
      10105 Black Crk Rd, Clay, NY 13039
      View Details
    • $289,900
      1,976 SF

      Route 31 Office or Retail

      Well-maintained office or retail space with high visibility and ample parking.
      5998 New York 31, Cicero, NY 13039
      View Details
    • $2,099,995

      Prime Development Land Near Micron

      15.27-acre parcel ideal for commercial or residential development.
      6095 Rt-31, Cicero, NY 13039
      View Details

    Nearby Similar for Sale

    • $1,100,000
      Pending

      Industrial/Commercial Space Near Micron

      14,736 SF industrial/commercial building on 1.22 acres in Cicero, NY.
      8125 Thompson Rd, Cicero, NY 13039
      View Details
    • $409,900

      Cicero Four-Unit Home Near Lake

      Four-unit home in Cicero with lake access and income potential.
      6571 Lakeshore Rd, Cicero, NY 13039
      View Details
    • $339,000

      Brewerton Road Retail Opportunity

      1.03 acre lot suitable for retail or automotive sales.
      9497 Brewerton Rd, Cicero, NY 13029
      View Details
    • $289,900

      Route 31 Office or Retail

      Well-maintained office or retail space with high visibility.
      5998 State Route 31, Cicero, NY 13039
      View Details
    • $3,700,000

      Route 11 Investment Opportunity

      Mixed-use property with retail, residential, and development potential.
      Brewerton Rd, Cicero, NY 13039
      View Details
    • $94,250

      Two-Unit Property Near Williams Beach

      Two-unit property with rehab potential near Williams Beach.
      7300 Lakeshore Rd, Cicero, NY 13039
      View Details
    • $289,900
      1,976 SF

      Route 31 Office or Retail

      Well-maintained office or retail space with high visibility and ample parking.
      5998 New York 31, Cicero, NY 13039
      View Details
    • $749,000
      2,580 SF

      Cicero Commercial Property - High Growth Area

      Prime Cicero location, near Micron, high traffic.
      8284 Brewerton Rd, Cicero, NY 13039
      View Details
    • $9,850,000
      51,978 SF

      Cicero, NY Commercial Complex

      Massive Industrial Property - 51,978 SF
      8010 Brewerton Rd, Cicero, NY 13039
      View Details
    • $2,000,000
      3,601 SF

      Burger King NNN Lease, NY

      High-return Burger King investment. Strong lease terms.
      7843 Brewerton Rd, Cicero, NY 13039
      View Details

    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Build-to-Suit Potential
    Where is this land located?
    The property is located at Thompson Rd Cicero, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; 6.6-acre industrial land parcel.; Located in Cicero, NY, on Thompson Rd.
    Request Owner's contact information
    Thompson Rd Cicero, NY 13039
    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.
    Thompson Rd
    Cicero, NY 13039
    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
    Thompson Rd Cicero, NY 13039
    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!
    Listing Contact
    Gary Cottet
    Gary Cottet
    Real Estate License ID: NY 30CO0923433
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.