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    437 Ny-104 Oswego, NY 13126
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    Property profile & analytics

    437 Ny-104 Oswego, NY 13126

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    • Lifestyle centers
    • 42,602 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 437 Ny-104

    Property size
    42,602 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Widewaters Commons, located at 437 NY-104 in Oswego, NY 13126, offers a prime retail opportunity within a thriving commercial center. This 42,602 square foot shopping center sits on a 1.36-acre lot and provides ample parking with a ratio of 5.1 spaces per 1,000 square feet. The property is currently comprised of multiple tenancies, with a significant amount of vacant space available, totaling 24,449 square feet. Flexible lease options cater to a variety of business needs, with spaces ranging from a minimum of 2,025 square feet to a maximum contiguous space of 12,424 square feet. The property's strategic location in Oswego County, New York, offers excellent visibility and accessibility for businesses seeking a strong presence in this vibrant market. This retail center presents a unique opportunity for businesses looking to establish or expand their operations in a well-maintained and conveniently located shopping center. The property's size and layout provide flexibility for various retail concepts, making it an ideal investment for both established businesses and new ventures. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Oswego
    State
    New York
    Longitude
    -76.4756
    Latitude
    43.4638

    Comparable in this City

    • Value Estimation
      $2,410,000
      151,461 SF

      341 State Rte 104

      MINI-MALL • 151,461 SF
      341 State Rte 104, Oswego, NY 13126-2911
      View Details
    • Value Estimation
      $1,875,000
      110,438 SF

      445 State Rte 104

      MINI-MALL • 110,438 SF
      445 State Rte 104, Oswego, NY 13126-2967
      View Details
    • Value Estimation
      $1,605,000
      98,860 SF

      137 State Rte 104

      SHOPPING CENTER, STRIP CENTER • 98,860 SF
      137 State Rte 104, Oswego, NY 13126-2904
      View Details
    • Value Estimation
      $920,000
      42,800 SF

      359-437 State Rte 104

      SHOPPING CENTER, STRIP CENTER • 42,800 SF
      359-437 State Rte 104, Oswego, NY 13126
      View Details
    • Value Estimation
      $1,650,000
      144,497 SF

      293 State Rte 104

      SHOPPING CENTER, STRIP CENTER • 144,497 SF
      293 State Rte 104, Oswego, NY 13126-2965
      View Details
    • Value Estimation by Request
      6,290 SF

      343 Ee Ave

      SHOPPING CENTER, STRIP CENTER • 6,290 SF
      343 Ee Ave, Oswego, NY 13126-3408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Oswego Retail Space - Prime Location

      3,000 SF Retail Space, High Traffic Area
      301 Ny 104, Oswego, NY 13126
      View Details
    • Contact for pricing

      Land for Lease Oswego

      Land available for lease in Oswego, New York.
      437 State Route 104, Oswego, NY 13126
      View Details
    • Contact for pricing
      2,025 SF

      Retail Space in Oswego, NY

      6,000 SF retail space available for lease.
      359 State Route 104, Oswego, NY 13126
      View Details
    • Contact for pricing

      Retail Space in Lifestyle Center

      980 SF retail space suitable for various businesses.
      250 W Seneca St, Oswego, NY 13126
      View Details
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    Oswego, NY 13126
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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
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