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

    2 Ss St Auburn, NY 13021-3833

    • Office buildings
    • 17,352 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1803795
    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

    • Sloan Legal / Law Firm
    • Thomas Charles / Law Firm
    • Phoenix Building Havana Room / Property Management Company
    • Bobrycki Claire / Counselor / Family Counselor
    • Bartell Kathleen R PHD / Physician / Medical Clinic

    Property Details for 2 Ss St

    Year built
    1900
    Lot size
    0.25 lot acres
    Property size
    17,352 SF
    Zone code
    D
    Property type
    Office buildings
    APN
    050100 116.45-2-69
    APU
    5010011645269

    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
    -76.5658
    Latitude
    42.9316
    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
    $2,976
    $57,200
    $348,600
    $405,800
    -
    $59,583
    $363,125
    $422,708

    Comparable in this City

    • Value Estimation
      $805,000
      19,620 SF

      24 Ss St

      OFFICE BUILDING • 19,620 SF
      24 Ss St, Auburn, NY 13021-3832
      View Details
    • Value Estimation by Request
      3,380 SF

      303 Grant Ave

      PROFESSIONAL BUILDING • 3,380 SF
      303 Grant Ave, Auburn, NY 13021-1407
      View Details
    • Value Estimation
      $625,000
      17,178 SF

      1 James St

      OFFICE BUILDING • 17,178 SF
      1 James St, Auburn, NY 13021-2295
      View Details
    • Value Estimation by Request
      12,250 SF

      12 Allen St

      OFFICE BUILDING • 12,250 SF
      12 Allen St, Auburn, NY 13021-8083
      View Details
    • Value Estimation
      $690,000
      11,197 SF

      47 Genesee St

      PROFESSIONAL BUILDING • 11,197 SF
      47 Genesee St, Auburn, NY 13021-4027
      View Details
    • Value Estimation by Request
      5,830 SF

      8 Hulbert St

      PROFESSIONAL BUILDING • 5,830 SF
      8 Hulbert St, Auburn, NY 13021-3430
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Renovated Mixed-Use Office Complex

      54,000+ sqft multi-unit complex with warehouse and office space.
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    • $1,500,000
      4,536 SF

      Versatile Commercial Building in Auburn

      Well-designed commercial building with modern aesthetics and ample parking.
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    • $459,000
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      Unique Auburn Property with Potential

      Versatile property near downtown Auburn, suitable for various uses.
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    • $575,000
      3.84 Acres

      Auburn Mixed-Use Redevelopment

      3.84 Acres, High-Traffic Location
      0 Grant Ave, Auburn, NY 13021
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    • $725,000
      14,072 SF

      Auburn Office Building - Prime Location

      Large Office Space, High Traffic Area, Excellent Visibility
      25 Dill St, Auburn, NY 13021
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    • $460,000
      4,368 SF

      Leased Investment Opportunity in Auburn

      Fully leased retail, office, and warehouse on 1.8 acres.
      335-337 Genesee Street Rd, Auburn, NY 13021
      View Details

    Similar Nearby for Lease

    • 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
      2,000 SF

      Downtown Auburn Office Space Available

      Office space for rent in downtown Auburn, Finger Lakes region.
      188 Genesee St, Auburn, NY 13021
      View Details
    • $15 SF/Yr

      Auburn Retail/Office Pad Sites

      Retail and office pad sites available in Auburn, NY.
      343 Genesee St, Auburn, NY 13021
      View Details
    • Contact for pricing
      4,000 SF

      Office Space in Auburn, NY

      4,000 sq ft office space available for rent.
      25 Dill St, Auburn, NY 13021
      View Details
    • $1,000 /Mo

      Office or Retail Space Available

      Space near downtown Auburn with high traffic visibility.
      67 Franklin St, Auburn, NY 13021
      View Details
    • $12 SF/Yr
      39,135 SF

      Prime Auburn Office Space

      Historic 6-story building, 6,522 sq ft available.
      120 Genesee St, Auburn, NY 13021
      View Details
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    2 Ss St
    Auburn, NY 13021-3833
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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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