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    8168 Seneca Tpke Clinton, NY 13323
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    8168 Seneca Tpke, Clinton, NY 13323

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    Cap Rate Potential
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    Property Details for 8168 Seneca Tpke

    Property type
    Land

    Description

    This exceptional 3.62-acre commercial land parcel in Clinton, New York, presents a unique investment opportunity. Located at 8168 Seneca Turnpike, this property boasts a highly desirable C-2 General Commercial zoning designation, allowing for a wide range of development possibilities. Its strategic location offers unparalleled visibility and accessibility, situated approximately one mile from the bustling New Hartford Business Park and directly adjacent to Charlie's Diner. The property benefits from its position on a busy thoroughfare experiencing approximately 12,108 vehicles per day, ensuring high traffic exposure for any future business. This thriving corridor is experiencing significant growth, making this land an ideal investment for developers seeking to capitalize on the area's expanding commercial sector. The asking price for this prime commercial land is $119,000. This property is also available for purchase with an adjacent parcel, offering potential for larger-scale development projects. The property's address is 8168 Seneca Turnpike, Clinton, NY 13323, Oneida County. Detailed information regarding zoning regulations and development possibilities is readily available. This is a rare opportunity to acquire a strategically located commercial land parcel in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Oneida
    State
    New York
    Longitude
    -75.3451
    Latitude
    43.0845

    Comparable in this City

    • Value Estimation by Request
      4.57 Acres

      White St

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      0 White St, Clinton, NY 13323
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      1,392 SF

      7572 Nys Rte 5th 5

      COMMERCIAL (GENERAL)
      7572 Nys Rte 5th 5, Clinton, NY 13323
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      0.34 Acres

      Nys Rt 5th 5

      COMMERCIAL (GENERAL)
      Nys Rt 5th 5, Clinton, NY 13323
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    • Value Estimation by Request
      3,072 SF

      7325 State Rte 5nys

      COMMERCIAL (GENERAL)
      7325 State Rte 5nys, Clinton, NY 13323-3435
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      2,960 SF

      7686 Nys Rte 5th 5

      COMMERCIAL (GENERAL)
      7686 Nys Rte 5th 5, Clinton, NY 13323
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    • Value Estimation by Request
      1,664 SF

      8145 Seneca Tpke

      COMMERCIAL (GENERAL)
      8145 Seneca Tpke, Clinton, NY 13323-1025
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Near Business Park

      Commercial land for sale near New Hartford Business Park.
      8142 Seneca Tpke, Clinton, NY 13323
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    • $75,000
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      Land Parcel in Kirkland, NY

      3.8 acre parcel with drilled well ready for new build.
      Skyline Dr, Kirkland, NY 13323
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      18,731 SF

      Waterfront Building Lot

      Direct Oneida Lake frontage with public water and sewer available at the road, ideal for a private lakeside build.
      11 Forest Ave, Clinton, NY 13323
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      Commercial Land Near Business Park

      Commercial land located near New Hartford Business Park.
      Seneca Tpke, New Hartford, NY 13323
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    • Contact for pricing

      Commercial Land Near Business Park

      Commercial land available near New Hartford Business Park.
      8168 Seneca Tpke, Clinton, NY 13323
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    Similar Nearby for Lease

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      6,494 SF

      Retail Space Near Retail Corridor

      Retail space available in high-traffic, visible New Hartford location.
      8360 Seneca Tpke, New Hartford, NY 13323
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    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      2000 sq ft retail space for rent.
      7883 Ny-5, Clinton, NY 13323
      View Details
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    Clinton, NY 13323
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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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