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    Property profile & analytics
    OFF-MARKET Estimated value $1,880,000
    Office buildings

    122 Business Park Dr, Utica, NY 13502-6321

    18,864 SF 2.2 ac lot Built 1992
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-0342295
    Property summary
    AI-generated overview

    This exceptional commercial lease opportunity is located at 122 Business Park Drive, Utica, New York. The property offers 3,610 square feet of traditional office space, perfect for a variety of businesses. Situated within the prestigious Utica Business Park, this location provides unparalleled access to a thriving business community. Neighboring businesses include medical, financial, and insurance corporations, creating a strong network and ideal synergy for your enterprise. The property's strategic location offers significant advantages, with convenient proximity to Downtown Utica, Wynn Hospital, and Wolfspeed. This ensures easy access for employees and clients alike, enhancing both operational efficiency and brand visibility. The space is available for multiple tenants, offering flexibility to accommodate businesses of varying sizes and needs. This is a rare opportunity to secure a prominent position in a rapidly growing business hub, offering significant potential for success. The property is in Oneida County and is categorized as a traditional office space. Don't miss this chance to establish your business in a prime location within a thriving commercial environment. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1992
    Total area 18,864 SF
    Lot 2.2 ac (95,832 SF)
    APN 301600 317.19-1-12
    UPID US63-0342295
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • John M. Glover Insurance Agency Insurance Agency
    • Giruzzi Law Offices Law Firm
    • Apex Medical Transport, Inc. Handicapped Transportation Service Bus Charter
    • Erica Piazza Foster Care Service Social Service Agency
    • Jennifer Rick Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.16M
    Blend (final) Blend
    $1.88M
    Owner & transaction history
    Celarein Properties LLC · 10 yrs held
    Celarein Properties LLC
    since 2015
    2 recorded transactions
    2015
    $770,000
    2014
    $1.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.5M +29.8%
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