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    6061 Way Farmington, NY 14425
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    6061 Way Farmington, NY 14425

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    • Neighborhood centers
    • 21,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 6061 Way

    Property size
    21,400 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Auburn Junction presents a unique investment opportunity in the thriving Farmington submarket of Ontario County. This new development offers a variety of retail, office, and medical spaces within a modern inline strip center and two build-to-suit outparcels. The total building size encompasses 21,400 square feet, with a minimum divisible space of 1,500 square feet, allowing for flexibility to accommodate businesses of various sizes. Located on the Route 332 business corridor, the property boasts excellent visibility and accessibility, with a signalized entrance ensuring convenient ingress and egress. Its strategic location, just 1.5 miles from the heavily trafficked intersection of Route 332 and Route 96, guarantees high exposure to a substantial customer base. Daily traffic counts exceed 21,400 vehicles per day, providing significant potential for business growth. The property is situated near the crossroads of Rt 332 & Farmbrook Dr. Tenants will benefit from a tenant improvement allowance, allowing for customization to meet specific business needs. This development offers a prime opportunity for businesses seeking a prominent location in a rapidly growing area. The property is designed to cater to a range of businesses, making it an ideal choice for those seeking modern, adaptable spaces in a high-traffic location. Contact us today to learn more about the available spaces and customize your ideal space.

    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
    -77.3421
    Latitude
    42.9541

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      1265 Commercial Dr

      Restaurants • 7,200 SF
      1265 Commercial Dr, Farmington, NY 14425
      View Details
    • Value Estimation by Request
      14,864 SF

      1560 State Rte 332

      SHOPPING CENTER, STRIP CENTER • 14,864 SF
      1560 State Rte 332, Farmington, NY 14425-9164
      View Details
    • Value Estimation by Request
      31,364 SF

      1740 Rochester Rd

      SHOPPING CENTER, STRIP CENTER • 31,364 SF
      1740 Rochester Rd, Farmington, NY 14425-9603
      View Details
    • Value Estimation
      $1,475,000
      8,050 SF

      6170 State Rte 96

      SHOPPING CENTER, STRIP CENTER • 8,050 SF
      6170 State Rte 96, Farmington, NY 14425-1003
      View Details
    • Value Estimation by Request
      24,000 SF

      6081 State Rte 96

      SHOPPING CENTER, STRIP CENTER • 24,000 SF
      6081 State Rte 96, Farmington, NY 14425-1062
      View Details
    • Value Estimation by Request
      1,544 SF

      6104 State Rte 96

      RETAIL STORES (PERSONAL SERVICES) • 1,544 SF
      6104 State Rte 96, Farmington, NY 14425-1003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lot on Commercial Drive

      New subdivided lot available for sale, build to suit.
      1255 Commercial Dr, Farmington, NY 14425
      View Details
    • $175,000

      Commercial Lot on Commercial Drive

      Subdivided lot suitable for office or service business.
      1245 Commercial Dr, Farmington, NY 14425
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    • $439,990
      3,048 SF

      Farmington Office Building For Sale

      Office building with high traffic and corner lot exposure.
      1520 Ny-332, Farmington, NY 14425
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    • Contact for pricing
      5,500 SF

      Commercial Lot Build to Suit

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

      Commercial Lot on Commercial Drive

      Corner lot available for sale, build to suit opportunity.
      1265 Commercial Dr, Farmington, NY 14425
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Major Intersection

      Retail spaces available in a shopping center anchored by Tops.
      6179 96, Farmington, NY 14425
      View Details
    • Contact for pricing

      Farmington Office Space Available

      30,000 square foot office space for rent in Farmington.
      6081 State Route 96, Farmington, NY 14425
      View Details
    • $18 SF/Yr
      14,054 SF

      Farmington Office Space For Rent

      Office space in growing business quadrant with high traffic counts.
      1625 State Route 332, Farmington, NY 14425
      View Details
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    6061 Way
    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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