Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8240 Manlius Cazenovia Rd Manlius, NY 13104
    Back to Search
    Property profile & analytics

    8240 Manlius Cazenovia Rd Manlius, NY 13104

    View on Map
    • Retail properties & Spaces
    • 16,000 SF
    • 2.27 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 8240 Manlius Cazenovia Rd

    Year built
    2005
    Lot size
    2.27 lot acres
    Property size
    16,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Medical space

    Description

    This exceptional Class A retail space, totaling 1,240 square feet, is situated within a thriving 16,000 square foot shopping center at 8240 Manlius Cazenovia Road in Manlius, NY. The property, built in 2005, boasts a single, one-story building with 11 suites and ample parking (105 spaces). The recently upgraded parking lot serves this convenient location, easily accessible from Route 92 near Enders Road. This high-income area is characterized by upscale housing, proximity to schools, and convenient access to commuter routes. Route 92 provides direct access to the affluent community of Cazenovia. The property is zoned for retail use and sits on a 2.27-acre lot in the Manlius East submarket of Onondaga County. This established shopping center offers a strong tenant mix, including Walgreens, Supercuts, Gabrielle's Chocolate and Ice Cream, The Wine House, Modern Nails, and NBT Bank, creating a vibrant and desirable retail environment. The minimum divisible space is 1,240 square feet, with a maximum contiguous space also at 1,240 square feet. The available space features 100-amp power. This presents a unique opportunity for a business seeking a prominent location in a high-traffic area with established clientele.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manlius
    County
    Onondaga
    State
    New York
    Longitude
    -75.9566
    Latitude
    42.991

    Comparable in this City

    • Value Estimation by Request
      42.83 Acres

      Brown Gulf Rd

      MEDICAL CLINIC • 42.83 Acres
      Brown Gulf Rd, Manlius, NY 13104
      View Details
    • Value Estimation by Request
      0.39 Acres

      Watervale Rd

      MEDICAL CLINIC • 0.39 Acres
      Watervale Rd, Manlius, NY 13104
      View Details
    • Value Estimation by Request
      129.47 Acres

      Watervale Rd

      MEDICAL CLINIC • 129.47 Acres
      Watervale Rd, Manlius, NY 13104
      View Details
    • Value Estimation by Request
      8,985 SF

      215 Pleasant St

      HOMES (RETIRED, NURSING) • 8,985 SF
      215 Pleasant St, Manlius, NY 13104-1813
      View Details
    • Value Estimation
      $1,400,000
      103,965 SF

      7626 Highbridge Rd

      HOMES (RETIRED, NURSING) • 103,965 SF
      7626 Highbridge Rd, Manlius, NY 13104-1638
      View Details
    • Value Estimation
      $1,165,000
      60,300 SF

      100 Flume Rd

      HOMES (RETIRED, NURSING) • 60,300 SF
      100 Flume Rd, Manlius, NY 13104-2455
      View Details

    Similar Nearby for Sale

    • $34,000
      0.54 Acres

      Residential Land in Manlius, NY

      Residential land offering privacy and potential in Manlius, NY.
      Apple Tree Rdg, Manlius, NY 13104
      View Details
    • $135,000
      2.36 Acres

      Land in Pompey, NY

      2+ acre lot ready for custom home in Manlius.
      Oran Station Rd, Manlius, NY 13104
      View Details
    • $135,000
      2.02 Acres

      Land in Pompey, NY

      2+ acre lot ready for custom home in Manlius.
      Oran Station Rd, Manlius, NY 13104
      View Details
    • New
      $450,000
      37.40 Acres

      37 Acres in Manlius, NY

      37-acre parcel with wooded areas and open space.
      Oran Delphi Rd, Manlius, NY 13104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,149 SF

      Manlius Retail/Medical/Office Space Available

      Former Kinney Drugs space for lease in Manlius, NY.
      7650-7660 Highbridge Rd, Manlius, NY 13104
      View Details
    • Contact for pricing
      1,240 SF

      Restaurant Space with Grease Trap

      Restaurant space available with grease trap and TI allowance.
      8240 Manlius Cazenovia Rd, Manlius, NY 13104
      View Details
    • Contact for pricing

      Retail Space in Madison Row

      11,149 SF retail space in a thriving suburban community.
      7660 Highbridge Rd, Manlius, NY 13104
      View Details
    • Contact for pricing

      Retail Space in Manlius

      Retail space available in affluent Syracuse trade area.
      8240 Manlius Cazenovia Rd, Manlius, NY 13104
      View Details
    • Contact for pricing

      Redevelopment Land with Warehouse

      2+ acre site with warehouse and redevelopment potential.
      133 W Seneca St, Manlius, NY 13104
      View Details
    • Contact for pricing
      2,500 SF

      Manlius Office Space Available

      Office space available for lease in Manlius, New York.
      100 E Seneca St, Manlius, NY 13104
      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.
    8240 Manlius Cazenovia Rd
    Manlius, NY 13104
    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
    8240 Manlius Cazenovia Rd, Manlius, NY, 13104
    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!