Technical
Financial
Distress signals
Property profile

187 Genesee St Auburn, NY 13021

OFF-MARKET
Office buildings
Property ID
US63-6205595
4,550 SF 0.24 ac lot Built 1968
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 187 Genesee Street in Auburn, NY, presents a compelling investment opportunity. The building encompasses 4,550 square feet and sits on a 0.24-acre lot, offering ample space for a variety of commercial ventures. Priced significantly below its assessed value at $249,900, this property represents a rare chance to acquire a substantial asset at a highly competitive price point. Its prime location in Auburn provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving community. The building's substantial size allows for diverse configurations to suit various business needs. The property's current condition and potential for renovation or expansion offer further opportunities to enhance its value and functionality. Serious inquiries are encouraged to explore the possibilities this exceptional commercial property offers. This is a unique chance to secure a valuable asset in a desirable location at a price that reflects significant potential for return on investment. Don't miss this opportunity to own a piece of Auburn's commercial landscape.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 4,550 SF
Lot 0.24 ac (10,450 SF)
Zoning code D
APN 050100 115.60-1-30
UPID US63-6205595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Tax Preparation

Location

187 Genesee St Auburn, NY 13021-3310
Auburn metro Census 42100 AUBURN, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2007
3 recorded transactions
2007
$193,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D · Auburn, NY
Zoning description

D Downtown. A. Purpose and intent. The purpose of this section is to provide regulatory standards governing building form and related urban design principles for new development and redevelopment projects in Downtown Aub…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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