Redevelopment Opportunity with Lease
107 Bennett Rd Camillus, NY 13031
107 Bennett Rd, Camillus, NY, 13031
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For Sale
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2-acre site with existing structures generating income near Township 5.
Property Size2,560 SF
Lot Size2.00 Acres
Price / SF$312.50
Days on Market819
Property Features for 107 Bennett Rd
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Lot size
- 2.00 Acres
- Property subtype
- Land
Listing Agency
Syracuse Realty Group
(315) 410-0373
Listed by
Michael Arcuri · License #NY 49AR1075432
Source
Crexi
Added: Apr 23, 2024 Checked: Jul 20 at 5:59 am
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 Syracuse Realty Group
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity on approximately 2 acres. It is located off the State Route 5 exit at Bennett Road and Milton Avenue, placing it minutes from Township 5. The site includes two structures: a 1440 square foot office and a 2560 square foot pole barn. These structures are currently generating lease income, providing immediate returns while a development plan is finalized. This location is suitable for commercial land, office units, office properties and spaces, warehouses, industrial properties, and other warehouses.
Key Highlights
- Prime redevelopment opportunity
- Located minutes from Township 5
- Immediate lease income
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $16.20 |
| − Vacancy | −$5.5k | −$2.14 |
| EGI | $36.0k | $14.06 |
| − OpEx | −$9.0k | −$3.52 |
| NOI | $27.0k | $10.55 |
2,560 SF · lease $16.20/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.7K
$337.5K – $450.0K
NOI $26,998 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$199.4K
$174.5K – $232.6K
NOI $13,958 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Custom Quality Roofing ...
Roofing Company
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FAQs
What type of property is this?
Commercial land - 2-acre site with existing structures generating income near Township 5.
Where is this commercial land located?
The property is located at 107 Bennett Rd Camillus, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime redevelopment opportunity; Located minutes from Township 5; Immediate lease income
