Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Dr Central Square, NY 13167
    Back to Search
    Property profile & analytics

    17 Dr Central Square, NY 13167

    View on Map
    • Lifestyle centers
    • 2,360 SF
    • 27.88 lot acres
    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 17 Dr

    Year built
    1992
    Lot size
    27.88 lot acres
    Property size
    2,360 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 27.88-acre vacant shopping center property, located at 17-32 Lou S Dr in West Monroe, NY (13167), presents a significant redevelopment opportunity. The property, built in 1992, consists of three single-story buildings totaling 2,360 square feet of net rentable space. Currently vacant, it offers a unique chance to capitalize on its prime location. Situated right off Interstate-81, Exit 32, and minutes from the Micron Chip Plant, this site enjoys exceptional visibility and accessibility. The property features ample parking (200 spaces) and is zoned Commercial (Com). The lot size is substantial, allowing for diverse development options, including retail, hospitality, a shopping plaza, grocery store, medical facility, or heavy equipment businesses. This fast-growing community offers significant potential. Public sewer is under development, and natural gas is anticipated soon. The asking price is $2,755,000, and the property is offered with a gross lease type and credit-rated tenant requirements for future tenants. The property includes three buildings and has a multi-tenant capacity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Central Square
    County
    Oswego
    State
    New York
    Longitude
    -76.0508
    Latitude
    43.3059

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      2926 State Rte 49

      GAS STATION • 3,200 SF
      2926 State Rte 49, West Monroe, NY 13167
      View Details
    • Value Estimation by Request
      1,200 SF

      2265 State Rte 49

      AUTO REPAIR, GARAGE • 1,200 SF
      2265 State Rte 49, West Monroe, NY 13167-3285
      View Details
    • Value Estimation by Request
      3,520 SF

      1703-1705 Co Rt 37

      AUTO REPAIR, GARAGE • 3,520 SF
      1703-1705 Co Rt 37, West Monroe, NY 13167
      View Details
    • Value Estimation by Request
      5,160 SF

      2403 State Rte 49

      RETAIL STORES (PERSONAL SERVICES) • 5,160 SF
      2403 State Rte 49, West Monroe, NY 13167-3273
      View Details
    • Value Estimation
      $570,000
      14,200 SF

      2268 State Rte 49

      AUTO REPAIR, GARAGE • 14,200 SF
      2268 State Rte 49, West Monroe, NY 13167-3200
      View Details
    • Value Estimation by Request
      5,400 SF

      2539 State Rte 49

      AUTO REPAIR, GARAGE • 5,400 SF
      2539 State Rte 49, West Monroe, NY 13167-3275
      View Details

    Similar Nearby for Sale

    • $1,900,000
      13.00 Acres

      Prime Commercial Development Opportunity

      13-acre commercial property near Interstate 81 in West Monroe, NY.
      2931-39 State Route 49, West Monroe, NY 13167
      View Details
    • $39,900
      0.85 Acres

      West Monroe Land For Sale

      0.85 acre corner lot near Central Square and I-81.
      County Route 37, West Monroe, NY 13167
      View Details
    • $39,900
      0.93 Acres

      West Monroe Buildable Acreage

      0.93-acre lot in a peaceful country setting, near amenities.
      County Route 37, West Monroe, NY 13167
      View Details
    • $110,000
      5.90 Acres

      West Monroe Residential Land Parcel

      5.9 acre residential parcel, ideal for custom home construction.
      193 County Route 11, West Monroe, NY 13167
      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.
    17 Dr
    Central Square, NY 13167
    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

    Thank You for Inquiry
    17 Dr, Central Square, NY, 13167
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!