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    1220 Commercial Dr Farmington, NY 14425

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    1220 Commercial Dr Farmington, NY 14425

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    • Retail properties & Spaces
    • 41,050 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1220 Commercial Dr

    Property size
    41,050 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property at 1220 Commercial Drive in Farmington, NY, offers a unique opportunity for businesses seeking retail space. Located in Ontario County, this property features a total of 41,050 square feet of vacant space, currently available for sale or lease. The site is ideally situated on Commercial Drive, off Route 96, providing excellent visibility and accessibility. The property is zoned to allow for a build-to-suit option, accommodating tenant needs with customizable lease structures. Individual spaces can range from a minimum of 4,300 square feet to a maximum contiguous space of 6,500 square feet. While the approved build-to-suit plan allows for up to 5,500 square feet, the entire 41,050 square foot parcel is also available for purchase. This versatile property is perfect for a variety of office or service-based businesses seeking a prominent location in Farmington. The property's location offers convenient access to Route 96, ensuring high traffic visibility and easy access for customers and employees. This is a rare opportunity to secure a prime retail location in a thriving area, with the flexibility to tailor the space to meet specific business requirements. The property is offered for both sale and lease, providing options to suit various business models and financial strategies. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Ontario
    State
    New York
    Longitude
    -77.3522
    Latitude
    42.9758

    Comparable in this City

    • Value Estimation by Request

      6299 Gateway Dr

      Retail properties & Spaces
      6299 Gateway Dr, Farmington, NY 14425
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      5,500 SF

      1220 Commercial Dr

      Land • 5,500 SF
      1220 Commercial Dr, Farmington, NY 14425
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      2,500 SF

      1531 Ny-332

      Land • 2,500 SF
      1531 Ny-332, Farmington, NY 14425
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      7,200 SF

      1265 Commercial Dr

      Restaurants • 7,200 SF
      1265 Commercial Dr, Farmington, NY 14425
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    • Value Estimation by Request
      1.02 Acres

      1255 Commercial Dr

      Land • 1.02 Acres
      1255 Commercial Dr, Farmington, NY 14425
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    • Value Estimation by Request
      18.00 Acres

      1200 State Rte 332 / Cmns

      Land • 18.00 Acres
      1200 State Rte 332 / Cmns, Farmington, NY 14425
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Farmington, NY

      Land available for sale in Farmington, New York.
      13 State Route 332, Farmington, NY 14425
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      5,500 SF

      Commercial Lot Build to Suit

      Commercial Drive lot available for sale or lease.
      1220 Commercial Dr, Farmington, NY 14425
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    • Contact for pricing

      Commercial Lot on Commercial Drive

      Corner lot available for sale, build to suit opportunity.
      1265 Commercial Dr, Farmington, NY 14425
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      Prime Land on State Route

      Highly visible land with access to major routes.
      1200 State Rte 332 / Cmns Northwest, Farmington, NY 14425
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Pad Sites Available

      Two potential pad sites for rent with customized space.
      1622 Rochester Rd, Farmington, NY 14425
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      Retail Space Near Major Intersection

      Retail spaces available in a shopping center anchored by Tops.
      6179 96, Farmington, NY 14425
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    • $6,000 /Mo
      8,934 SF

      Unique Event and Food Venue

      Fully built-out venue suitable for events, dining, and hospitality.
      6108 Loomis Rd, Farmington, NY 14425
      View Details
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    Farmington, NY 14425
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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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