Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Horatio St Utica, NY 13502

    • Land
    • 47.83 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Horatio St

    Lot size
    47.83 lot acres
    Property type
    Land

    Description

    This exceptional 47.83-acre commercial land parcel presents a unique development opportunity in Utica, New York. Strategically located in Oneida County, the property boasts a Planned Development zoning designation, offering significant flexibility for a wide range of commercial projects. Its prime location offers unparalleled visibility and high traffic counts, situated directly adjacent to the SUNY IT campus. This proximity to a major educational institution provides a substantial pool of potential customers and employees. Furthermore, the site benefits from its close proximity to the recently completed Wolfspeed semiconductor factory, a significant economic driver for the region. The property is also conveniently located near the thriving Riverside Center, a major retail hub anchored by prominent national retailers including Walmart, Lowe's, BJ's Wholesale Club, Burlington, Bass Pro Shops, and Tractor Supply. This established retail presence ensures high consumer traffic and a strong existing customer base. The combination of a desirable location, ample acreage, and flexible zoning makes this property an ideal investment for developers seeking a high-impact commercial project in a rapidly growing area. The address is Horatio Street, Utica, NY 13502.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2212
    Latitude
    43.1341

    Comparable in this City

    • Value Estimation by Request

      Newport Rd

      Land
      0 Newport Rd, Utica, NY 13502
      View Details
    • Value Estimation by Request
      50.00 Acres

      5625 Horatio St

      Multifamily properties • 6,500 SF
      5625 Horatio St, Utica, NY 13502
      View Details
    • Value Estimation by Request
      3.55 Acres

      12226 State Rt 28

      COMMERCIAL (GENERAL) • 3.55 Acres
      12226 State Rt 28, Utica, NY 13502
      View Details
    • Value Estimation by Request
      0.10 Acres

      Whitesboro St

      VACANT COMMERCIAL LAND • 0.10 Acres
      Whitesboro St, Utica, NY 13502
      View Details
    • Value Estimation by Request
      0.53 Acres

      Whitesboro St

      VACANT COMMERCIAL LAND • 0.53 Acres
      Whitesboro St, Utica, NY 13502
      View Details
    • Value Estimation by Request
      0.15 Acres

      Whitesboro St

      VACANT COMMERCIAL LAND • 0.15 Acres
      Whitesboro St, Utica, NY 13502
      View Details

    Similar Nearby for Sale

    • $2,000,000
      18.00 Acres

      Prime Utica Development Land

      18 Acres, High Visibility, $2M
      302 Genesee St, Utica, NY 13502
      View Details
    • Contact for pricing
      47.83 Acres

      Utica, NY Commercial Land Development

      47.83 Acres, Prime Utica Location
      0 Horatio St, Utica, NY 13502
      View Details
    • Contact for pricing
      0.19 Acres

      Land For Sale, Utica, NY

      Vacant land available in Utica, New York.
      1781 Independence Sq, Utica, NY 13502
      View Details
    • $175,000
      17.00 Acres

      Vacant Land in Utica, NY

      17 acres of vacant land available in Utica, New York.
      Brown Rd, Utica, NY 13502
      View Details
    • $140,000
      Pending

      39 Acres Land in Utica

      39.20 acres of vacant land in Deerfield, NY.
      Trenton Rd, Utica, NY 13502
      View Details
    • $288,900
      2,998 SF

      Utica Multi-Family Investment Opportunity

      Five-unit building, high rental income, turnkey investment.
      619 Plant St, Utica, NY 13502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vacant Land in North Utica

      Vacant land with high traffic and visibility, build to suit.
      166 N Genesee St, Utica, NY 13502
      View Details
    • Contact for pricing
      32,388 SF

      Class A Office Sublease Available

      Class A office space for sublease in Utica, New York.
      430 Court St, Utica, NY 13502
      View Details
    • Contact for pricing
      15,000 SF

      Utica Business Park Office Suites

      First floor office suites in Utica Business Park for rent.
      125 Business Park Dr, Utica, NY 13502
      View Details
    • Contact for pricing
      1,300 SF

      South Utica Office Space Available

      Office space for lease in South Utica office complex.
      110 Lomond Ct, Utica, NY 13502
      View Details
    • Contact for pricing
      5,000 SF

      Utica Warehouse Space Available

      5,000 SF warehouse space for rent in Utica, NY.
      1034 Erie St, Utica, NY 13502
      View Details
    • Contact for pricing
      1,350 SF

      Utica Flex/Industrial Space Available

      Flex/industrial space available for rent in Utica, New York.
      727 Court St, Utica, NY 13502
      View Details
    Request Owner's contact information
    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.
    Horatio St
    Utica, NY 13502
    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
    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

    Google sign-in failed. Please try again or use another login method.