Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8013 State Route 13 Blossvale, NY 13308

    • Retail properties
    • 4,162 SF
    For Sale
    View listing
    $369,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 8013 State Route 13

    Property size
    4,162 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial property in Blossvale, NY, presents a unique investment opportunity. Located at 8013 State Route 13, this 20+ acre parcel boasts a substantial 4,162 square foot retail building and significant development potential. The property currently includes seven leased apartments, with the possibility of restoring an additional unit, generating immediate income. The expansive lot size of 923,907 square feet offers ample space for expansion, subdivision, or further development. The existing structure features newer apartments and a renovated original home, now converted into rental units. The picturesque setting, complete with apple trees and scenic views, adds to the property's appeal. This property is ideal for owner-occupancy or investors seeking a high-return opportunity in a desirable location. The asking price is $369,000. The property's combination of existing income-generating units and substantial undeveloped land makes it a truly remarkable investment. Don't miss this chance to acquire a versatile and profitable commercial property in Oneida County, New York. The property is zoned for commercial use and is conveniently located in Blossvale, NY, zip code 13308.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blossvale
    County
    Oneida
    State
    New York
    Longitude
    -75.7001
    Latitude
    43.2493

    Comparable in this City

    • Value Estimation by Request
      3,124 SF

      3020 Mcconnellsville Rd

      NURSERY, GREENHOUSE, FLORIST • 3,124 SF
      3020 Mcconnellsville Rd, Blossvale, NY 13308-2012
      View Details
    • Value Estimation
      $1,155,000
      32,000 SF

      2050 Nys Rte 49

      SHOW ROOM, WAREHOUSE • 32,000 SF
      2050 Nys Rte 49, Blossvale, NY 13308
      View Details
    • Value Estimation by Request
      1,521 SF

      7487 Vienna Rd

      RESTAURANT • 1,521 SF
      7487 Vienna Rd, Blossvale, NY 13308
      View Details
    • Value Estimation by Request
      1,120 SF

      7590 State Rte 13

      CAR WASH • 1,120 SF
      7590 State Rte 13, Blossvale, NY 13308
      View Details
    • Value Estimation by Request
      11.20 Acres

      Haskins Rd

      COMMERCIAL (GENERAL) • 11.20 Acres
      Haskins Rd, Blossvale, NY 13308
      View Details
    • Value Estimation by Request
      2.55 Acres

      2382 State Rte 49

      COMMERCIAL (GENERAL) • 2.55 Acres
      2382 State Rte 49, Blossvale, NY 13308-3052
      View Details

    Similar Nearby for Sale

    • $369,000
      4,162 SF

      Blossvale Retail & Land Opportunity

      Prime NY Retail, 20+ Acres, High Potential
      8013 State Route 13, Blossvale, NY 13308
      View Details
    • $49,900

      Land For Sale

      Land available for sale.
      Beck Rd, Blossvale, NY 13308
      View Details
    • Contact for pricing
      0.26 Acres

      Land Near Sylvan Beach

      Quarter-acre parcel near Sylvan Beach with utilities available.
      Blossvale, NY 13308
      View Details
    • $59,900

      Scenic Wooded Land Near Creek

      5.3 acres of wooded land near Fish Creek.
      Creekview-Off Dr, Vienna, NY 13308
      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.
    8013 State Route 13
    Blossvale, NY 13308
    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

    Google sign-in failed. Please try again or use another login method.