Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    132-134 Grant Ave Auburn, NY 13021

    • Commercial real estate
    • 1.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1519422
    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

    • Commercial real estate

    Property Details for 132-134 Grant Ave

    Lot size
    1.64 lot acres
    Property type
    Commercial real estate
    APN
    050100-109-079-0001-036-000-0000

    Description

    This exceptional 1.64-acre commercial land parcel, located at 132-134 Grant Avenue in Auburn, New York, presents a prime opportunity for retail or office development. Boasting over 200 feet of frontage on Grant Avenue, a major arterial road with an Average Annual Daily Traffic (AADT) exceeding 30,000 vehicles, this property offers unparalleled visibility and accessibility. The HC-Highway Commercial zoning allows for a wide range of commercial uses, including retail stores, restaurants, medical offices, and automotive services. This flexibility, combined with the ample lot size and strategic location, makes it an ideal site for national or regional tenants seeking high-traffic exposure in a thriving market. The property's favorable layout and location within Auburn's vibrant commercial corridor make it well-suited for both single-tenant and multi-tenant developments. The site's potential to cater to the needs of Auburn's growing market makes it an attractive investment for developers and investors alike. The APN is 050100-109-079-0001-036-000-0000. The asking price is $435,000. This is a truly remarkable opportunity to acquire a highly visible and versatile commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.551808280508
    Latitude
    42.943294349754

    Comparable in this City

    • $39,900
      1.19 Acres

      Approved Building Lot in Auburn

      Over an acre in Weedsport School District with utilities.
      1 Butler Ln Rd, Auburn, NY 13021
      View Details
    • Contact for pricing

      Commercial Land in Auburn

      Vacant commercial land on a major road with high potential.
      280 State Street Rd, Auburn, NY 13021
      View Details
    • $165,000

      6.3 Acres in Auburn

      6.3 acres available in Auburn with public utilities.
      135 Dunning Ave, Auburn, NY 13021
      View Details
    • $825,000

      Commercial Land for Sale

      Commercial land available for sale.
      1379 Clark Street Rd, Aurelius, NY 13021
      View Details
    • $139,900

      Auburn Land for Development

      16.8 acres available for development bordering Casey Park.
      39 Olympia Ave, Auburn, NY 13021
      View Details
    • Contact for pricing

      Buildable Lot in Auburn

      Wooded 0.54-acre lot near shopping and Syracuse.
      132 Prospect St, Auburn, NY 13021
      View Details

    Similar Nearby for Sale

    • $39,900
      1.19 Acres

      Approved Building Lot in Auburn

      Over an acre in Weedsport School District with utilities.
      1 Butler Ln Rd, Auburn, NY 13021
      View Details
    • Contact for pricing

      Commercial Land in Auburn

      Vacant commercial land on a major road with high potential.
      280 State Street Rd, Auburn, NY 13021
      View Details
    • $165,000

      6.3 Acres in Auburn

      6.3 acres available in Auburn with public utilities.
      135 Dunning Ave, Auburn, NY 13021
      View Details
    • $825,000

      Commercial Land for Sale

      Commercial land available for sale.
      1379 Clark Street Rd, Aurelius, NY 13021
      View Details
    • $139,900

      Auburn Land for Development

      16.8 acres available for development bordering Casey Park.
      39 Olympia Ave, Auburn, NY 13021
      View Details
    • Contact for pricing

      Buildable Lot in Auburn

      Wooded 0.54-acre lot near shopping and Syracuse.
      132 Prospect St, Auburn, NY 13021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Auburn Towne Plaza: Prime Commercial Land

      1.17 Acres, Build-to-Suit Opportunity
      317 Genesee St, Auburn, NY 13021
      View Details
    • $8 SF/Yr

      Commercial Land Available For Lease

      0.689 acre commercial land for lease at $25,000/year.
      343 Genesee Street Rd West, Auburn, NY 13021
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Auburn, NY

      Redevelopment opportunity for retail, medical, multifamily, and hospitality purposes.
      1579 Clark Street Rd, Auburn, NY 13021
      View Details
    • Contact for pricing
      245,666 SF

      Retail Space in Auburn Corridor

      Retail space with convenient access in a primary retail corridor.
      1628 Clark Street Rd, Auburn, NY 13021
      View Details
    • Contact for pricing
      85,089 SF

      Auburn Retail Space For Lease

      85,000 SF shopping center with in-line and pad site availability.
      315 Genesee Street Rd, Auburn, NY 13021
      View Details
    • Contact for pricing
      85,089 SF

      Auburn Towne Plaza Retail Space

      High-visibility retail space in Auburn, NY.
      315 Genesee St, Auburn, NY 13021
      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.
    132-134 Grant Ave
    Auburn, NY 13021
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.