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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Genesee St Auburn, NY 13021

    • Office buildings
    • 35,916 SF
    • 0.21 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $740,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6255209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Delight Recovery Treatment Center Auburn, NY / Counselor / Addiction Treatment Center

    Property Details for 120 Genesee St

    Year built
    1948
    Lot size
    0.21 lot acres
    Property size
    35,916 SF
    Zone code
    D
    Property type
    Office buildings
    APN
    050100 116.53-1-20
    APU
    5010011653120

    Description

    This exceptional 6-story commercial property, located at 120 Genesee St in Auburn, NY 13021, offers a unique opportunity for businesses seeking executive office space. Built in 1948, this Class B building boasts a total of 39,135 square feet, with 6,522 square feet currently vacant and ready for immediate occupancy. The building features impressive 16-foot ceilings, providing ample space and a sense of grandeur. Its prime location on Genesee Street offers excellent visibility and accessibility, while its convenient proximity to a municipal parking garage ensures ample parking for tenants and their clients. The property is classified as Retail and Office, with a subtype of Executive Office, Commercial, and Bank, making it suitable for a variety of uses. The building's historic character and quality construction are evident throughout, offering a unique and prestigious address. With multiple tenancies available, this property presents a versatile option for businesses of all sizes. The building has six stories and a total of six parking spaces. Cayuga County is the location of this property. This is a rare opportunity to secure a significant footprint in a desirable Auburn location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $887,000
      Market price range: $887k - $2.85M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5677
    Latitude
    42.9307
    CBSA code
    12180
    CBSA name
    AUBURN, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $7,142
    $64,300
    $871,700
    $936,000
    -
    $66,979
    $908,021
    $975,000

    Comparable in this City

    • Value Estimation
      $475,000
      27,892 SF

      152 Genesee St

      OFFICE BUILDING • 27,892 SF
      152 Genesee St, Auburn, NY 13021-3434
      View Details
    • Value Estimation
      $790,000
      69,332 SF

      160 Genesee St

      OFFICE BUILDING • 69,332 SF
      160 Genesee St, Auburn, NY 13021-3433
      View Details
    • Value Estimation
      $570,000
      8,872 SF

      248 Grant Ave

      OFFICE BUILDING • 8,872 SF
      248 Grant Ave, Auburn, NY 13021-1414
      View Details
    • Value Estimation
      $555,000
      25,543 SF

      15 Hulbert St

      OFFICE BUILDING • 25,543 SF
      15 Hulbert St, Auburn, NY 13021-3407
      View Details
    • Value Estimation
      $490,000
      6,670 SF

      25 Ss St

      OFFICE BUILDING • 6,670 SF
      25 Ss St, Auburn, NY 13021-3929
      View Details
    • Value Estimation
      $650,000
      20,880 SF

      161 Genesee St

      PROFESSIONAL BUILDING • 20,880 SF
      161 Genesee St, Auburn, NY 13021-3451
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Downtown Auburn Office Space Available

      Office space for rent in downtown Auburn, Finger Lakes region.
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    • $15 SF/Yr

      Auburn Retail/Office Pad Sites

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    • $12 SF/Yr
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      Prime Auburn Office Space

      Historic 6-story building, 6,522 sq ft available.
      120 Genesee St, Auburn, NY 13021
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      Downtown Auburn Commercial Unit

      Commercial unit for lease in historic Downtown Auburn.
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      Downtown Auburn Professional Office Space

      Centrally located office space in Downtown Auburn with high visibility.
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    • $1.00 SF/Yr

      Turnkey Office Space Available Now

      Ground level office unit with utilities included and great parking.
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      View Details
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    120 Genesee St
    Auburn, NY 13021
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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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