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    5700 Genesee St Camillus, NY 13031

    For Sale
    $7,500,000

    Prime Medical Office Building, High Occupancy

    Property size:
    106,834 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Medical Center West, located at 5700 W Genesee St, Camillus, NY 13031, presents a compelling investment opportunity. This Class B medical office building boasts 106,834 square feet on a 9.25-acre lot, featuring 83,520 square feet of rentable space. Constructed in 1986, the two-story building comprises over 25 suites, ranging in size from 350 to over 13,000 square feet, catering to a diverse range of medical practices. Currently, the building enjoys over 67 percent occupancy. Significant capital improvements have recently been completed, including new roofs, a replaced chiller, a renovated lobby, and upgrades to the parking lot, sidewalks, and landscaping. The property offers convenient access with six separate entrances and ample parking, providing over 250 free on-site spaces. The asking price is $7,500,000, translating to $70.20 per square foot. This well-maintained property, situated in Onondaga County, presents a strong return on investment potential for discerning buyers in the thriving medical office market.

    Property Features for 5700 Genesee St

    General Information

    Property type
    Medical offices
    Square Feet
    106,834 SF
    Class
    B
    Lot Size
    402,930 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    HighLights

    • Class B medical office building totaling 106,834 square feet on a 9.25‑acre lot in Camillus, NY.
    • 83,520 square feet of rentable space with over 25 suites ranging from 350 to over 13,000 square feet.
    • Currently 67%+ occupied.
    • Recently completed capital improvements including new roofs, chiller replacement, lobby renovation, and parking lot/landscaping upgrades.
    • Features six entrances and over 250 free on‑site parking spaces.
    • Asking price: $7,500,000 ($70.20/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clay Chiropractic West Chiropractor Scialdone Vincent N ... Family Practice Physician Ristoff Kime J ... Family Practice Physician Jeanne E. Pietrzak, ... Cardiologist Cardiologists Upstate Med ... Cardiologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Camillus
    County
    Onondaga
    State
    New York
    Longitude
    -76.294247
    Latitude
    43.040733

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Building, High Occupancy
    Where is this medical office located?
    The property is located at 5700 Genesee St Camillus, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: Class B medical office building totaling 106,834 square feet on a 9.25-acre lot in Camillus, NY.; 83,520 square feet of rentable space with over 25 suites ranging from 350 to over 13,000 square feet.; Currently 67%+ occupied.
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    Realmo Value Estimation

    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.

    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.

    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
    5700 Genesee St Camillus, NY 13031
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