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    227 East Ave Albion, NY 14411
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    Property profile & analytics

    227 East Ave Albion, NY 14411

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    • Warehouses
    • 64,100 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Upstate Breaker Wholesale / Big Box & Wholesale Store
    • BuyMyBreaker.com / Big Box & Wholesale Store / Building Supply

    Property Details for 227 East Ave

    Lot size
    1.50 lot acres
    Property size
    64,100 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 64,100-square-foot industrial property, located at 227 East Ave, Albion, NY 14411, is available for lease. The single-tenant building sits on 1.5 acres and offers a versatile layout suitable for manufacturing, flex, warehouse, or distribution operations. Built in 2015 and renovated in the same year, the property boasts a 24-foot ceiling height, enhancing storage and operational efficiency. Loading and unloading are facilitated by three loading docks, including two dock-high doors for semi-trailers and one drive-in door accommodating box trucks. Ample parking is available with 100+ spaces designated for trucks and vehicles. The building features 440-volt power, transformers, and separate utilities. Approximately 50,000 square feet is dedicated to warehouse space, complemented by 14,000 square feet of office space. The property is zoned commercial and is conveniently situated near the intersection of East Ave and S Platt St. Available for lease beginning September 1, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Orleans
    State
    New York
    Longitude
    -78.1902
    Latitude
    43.2422

    Comparable in this City

    • Value Estimation by Request
      11,125 SF

      449 West Ave

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    • Value Estimation
      $600,000
      28,780 SF

      3854 Taylor Hl Rd

      DISTRIBUTION WAREHOUSE • 28,780 SF
      3854 Taylor Hl Rd, Albion, NY 14411-9316
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    • Value Estimation by Request
      12,063 SF

      14530 Lee Rd

      WAREHOUSE, STORAGE • 12,063 SF
      14530 Lee Rd, Albion, NY 14411-9545
      View Details
    • Value Estimation
      $665,000
      34,344 SF

      165 Platt St

      WAREHOUSE, STORAGE • 34,344 SF
      165 Platt St, Albion, NY 14411-1643
      View Details
    • Value Estimation by Request
      1,288 SF

      13205 State Rte 31

      WAREHOUSE, STORAGE • 1,288 SF
      13205 State Rte 31, Albion, NY 14411-9219
      View Details
    • Value Estimation by Request
      10.00 Acres

      Sheeler Rd

      WAREHOUSE, STORAGE • 10.00 Acres
      Sheeler Rd, Albion, NY 14411
      View Details

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    • $4,100,000
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Warehouse Space with Loading Docks

      3000+ sq ft warehouse with loading docks and parking.
      165 S Platt St, Albion, NY 14411
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    • Contact for pricing
      64,100 SF

      Warehouse Space Available For Rent

      Warehouse space available for rent, from 1,000 to 64,000 SF.
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    • $795 /Mo
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      Versatile Office Space in Albion

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    • $6 SF/Yr
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      Retail Property in Albion, NY

      Retail property with leasing opportunities in Albion, NY.
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    227 East Ave
    Albion, NY 14411
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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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