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    189 1st St Oswego, NY 13126-2594
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    Property profile & analytics

    189 1st St Oswego, NY 13126-2594

    View on Map
    • Showrooms
    • 29,000 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US63-2900854
    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.
    Value Estimations
    $3,895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southern Fare / Take-out & Catering / Catering Service
    • The Rooftop Lounge Oswego / Restaurant
    • The Cue Barbecue / Restaurant
    • Kyle Ridlon Productions / Film Production / Television Studio
    • Litatro / Apartment Complex

    Property Details for 189 1st St

    Year built
    2020
    Lot size
    0.14 lot acres
    Property size
    29,000 SF
    Zone code
    TD
    Property type
    Showrooms
    APN
    351200 128.55-02-14.02
    APU
    35120012855021402

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,305,000
      6.5%
      $3,975,000
      7%
      $3,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,666,000
      Market price range: $1.51M - $3.67M
      AI Estimate
      $4,048,000
      Market price range: $1.68M - $4.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Oswego
    State
    New York
    Longitude
    -76.5108
    Latitude
    43.4565
    CBSA code
    45060
    CBSA name
    SYRACUSE, NY METROPOLITAN 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
    0
    $0.00
    $150,000
    $3,600,000
    $3,750,000
    -
    $180,723
    $4,337,349
    $4,518,072

    Comparable in this City

    • Value Estimation
      $530,000
      5,400 SF

      343 State Rte 104

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      343 State Rte 104, Oswego, NY 13126-2911
      View Details
    • Value Estimation by Request
      13,552 SF

      250 Ny-104

      Individual retail properties • 13,552 SF
      250 Ny-104, Oswego, NY 13126
      View Details
    • Value Estimation by Request
      3,709 SF

      131 George St

      FINANCIAL BUILDING • 3,709 SF
      131 George St, Oswego, NY 13126-2915
      View Details
    • Value Estimation by Request
      12,100 SF

      78 1st St

      GYM, HEALTH SPA • 12,100 SF
      78 1st St, Oswego, NY 13126-1512
      View Details
    • Value Estimation by Request
      10,341 SF

      34-36 Brg St

      FINANCIAL BUILDING • 10,341 SF
      34-36 Brg St, Oswego, NY 13126
      View Details
    • Value Estimation by Request
      3,993 SF

      90 Brg St

      FINANCIAL BUILDING • 3,993 SF
      90 Brg St, Oswego, NY 13126
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Retail Space in Oswego Corridor

      Retail space available in prime Oswego location near Walmart.
      301 State Route 104, Oswego, NY 13126
      View Details
    • $279,000
      3,200 SF

      Prime Oswego Commercial Property

      High-traffic location, versatile space, great potential.
      5836 State Route 104, Oswego, NY 13126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,025 SF

      Retail Space in Oswego, NY

      6,000 SF retail space available for lease.
      359 State Route 104, Oswego, NY 13126
      View Details
    • Contact for pricing

      Versatile Open Space Available

      1,545 SF open space suitable for various businesses.
      11 4Th Ave, Oswego, NY 13126
      View Details
    • Contact for pricing
      3,000 SF

      Oswego Retail Space - Prime Location

      3,000 SF Retail Space, High Traffic Area
      301 Ny 104, Oswego, NY 13126
      View Details
    • Contact for pricing

      Retail Space in Lifestyle Center

      980 SF retail space suitable for various businesses.
      250 W Seneca St, Oswego, NY 13126
      View Details
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    189 1st St
    Oswego, NY 13126-2594
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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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