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    Us Route 20 Cazenovia, NY 13035
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    Property profile & analytics

    Us Route 20 Cazenovia, NY 13035

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    • Mixed-use properties
    • 77.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for Us Route 20

    Lot size
    77.01 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional 148-acre property in Cazenovia, NY, presents a unique investment opportunity. Strategically located just two miles east of the village, this mixed-use parcel offers unparalleled versatility. Zoned for both residential and commercial development, it allows for a wide range of projects, from creating a bespoke residential community to establishing a significant commercial presence. The property boasts impressive frontage on three roads: US Route 20, Mosley Road, and Stone Quarry Road, ensuring high visibility and convenient accessibility for any venture. The expansive acreage provides ample space for ambitious projects, allowing for creative design and development tailored to specific needs. This is a rare chance to acquire a large parcel of land in a desirable location with significant potential for substantial return on investment. The combination of prime location, flexible zoning, and exceptional accessibility makes this property an attractive proposition for developers seeking a high-impact project. The existing infrastructure and road access contribute to the ease of development, minimizing potential hurdles and accelerating the project timeline. This is a truly exceptional opportunity to shape the future of Cazenovia.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cazenovia
    County
    Madison
    State
    New York
    Longitude
    -75.9055
    Latitude
    42.9144

    Comparable in this City

    • Value Estimation by Request
      1,780 SF

      3202 Us Rte 20

      OFFICE/RESIDENTIAL (MIXED USE) • 1,780 SF
      3202 Us Rte 20, Cazenovia, NY 13035-8408
      View Details
    • Value Estimation by Request
      3,800 SF

      54 Albany St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,800 SF
      54 Albany St, Cazenovia, NY 13035-1221
      View Details
    • Value Estimation by Request
      5,270 SF

      9 Albany St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,270 SF
      9 Albany St, Cazenovia, NY 13035-1201
      View Details
    • Value Estimation by Request
      3,555 SF

      99 Albany St

      STORE/OFFICE (MIXED USE) • 3,555 SF
      99 Albany St, Cazenovia, NY 13035-1216
      View Details
    • Value Estimation by Request
      2,394 SF

      4035 Nelson Rd

      STORE/OFFICE (MIXED USE) • 2,394 SF
      4035 Nelson Rd, Cazenovia, NY 13035-8406
      View Details
    • Value Estimation by Request
      3,570 SF

      65 Albany St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,570 SF
      65 Albany St, Cazenovia, NY 13035-1219
      View Details

    Similar Nearby for Sale

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      Cazenovia Land: 26-Acre Wooded Lot

      26-acre wooded lot near Cazenovia, NY, ideal for building.
      L1 Bear Swamp Rd, Cazenovia, NY 13035
      View Details
    • $225,000
      2,750 SF

      Cazenovia Commercial Storage Units

      Nine income-producing units, prime location.
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      View Details
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    Us Route 20
    Cazenovia, NY 13035
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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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    Us Route 20, Cazenovia, NY, 13035
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