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

    2044 Genesee St Utica, NY 13502-5634

    • Investment properties
    • 2,936 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2021
    $255,000
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    9.9%
    Investment properties
    Location Intelligence
    Property ID
    US63-0321977
    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

    • Better Health Chiropractic / Chiropractor
    • Sherry Lints, DC / Chiropractor

    Property Details for 2044 Genesee St

    Year built
    1950
    Lot size
    0.11 lot acres
    Property size
    2,936 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    301600 330.21-1-52
    APU
    30160033021152

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $350,000
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $315,000
      Market price range: $104k - $315k
      AI Estimate
      $354,000
      Market price range: $139k - $355k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $225,000
      Current use
      OFFICE BUILDING
      $295,000
      Change: +32% Conversion: Easy
      AUTO REPAIR, GARAGE
      $225,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2633
    Latitude
    43.0859
    CBSA code
    46540
    CBSA name
    UTICA-ROME, 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
    $9,600
    $69,900
    $79,500
    -
    $22,326
    $162,558
    $184,884

    Comparable in this City

    • Value Estimation
      $240,000
      5,425 SF

      502504 Burnett St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,425 SF
      502504 Burnett St, Utica, NY 13502
      View Details
    • Value Estimation
      $345,000
      2,690 SF

      2058 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,690 SF
      2058 Genesee St, Utica, NY 13502-5634
      View Details
    • Value Estimation
      $285,000
      1,920 SF

      2404 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,920 SF
      2404 Genesee St, Utica, NY 13502-5813
      View Details
    • Value Estimation
      $255,000
      6,504 SF

      234236 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,504 SF
      234236 Genesee St, Utica, NY 13502
      View Details
    • Value Estimation
      $300,000
      2,808 SF

      2700 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,808 SF
      2700 Genesee St, Utica, NY 13502-6103
      View Details
    • Value Estimation
      $285,000
      3,034 SF

      1644 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,034 SF
      1644 Genesee St, Utica, NY 13502-5450
      View Details

    Similar Nearby for Sale

    • $799,900
      5,950 SF

      Downtown Utica Mixed-Use Property

      Historic downtown Utica property with bar space and residential potential.
      226 Genesee St, Utica, NY 13502
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      Utica Hotel Street Redevelopment

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    • $269,000
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      Renovated Mixed-Use Property Available

      Recently renovated mixed-use property with on-site parking and security.
      2520 Genesee St, Utica, NY 13502
      View Details
    • $825,000
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      Downtown Utica Business & Building

      Historic Bar, Huge Potential, High ROI
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    • $288,900
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      Utica Multi-Family Investment Opportunity

      Five-unit building, high rental income, turnkey investment.
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    Similar Nearby for Lease

    • Contact for pricing
      32,388 SF

      Class A Office Sublease Available

      Class A office space for sublease in Utica, New York.
      430 Court St, Utica, NY 13502
      View Details
    • $20 SF/Yr
      15,000 SF

      Utica Business Park Office Suites

      First floor office suites in Utica Business Park for rent.
      125 Business Park Dr, Utica, NY 13502
      View Details
    • Contact for pricing
      1,300 SF

      South Utica Office Space Available

      Office space for lease in South Utica office complex.
      110 Lomond Ct, Utica, NY 13502
      View Details
    • Contact for pricing
      5,000 SF

      Utica Warehouse Space Available

      5,000 SF warehouse space for rent in Utica, NY.
      1034 Erie St, Utica, NY 13502
      View Details
    • Contact for pricing
      1,350 SF

      Utica Flex/Industrial Space Available

      Flex/industrial space available for rent in Utica, New York.
      727 Court St, Utica, NY 13502
      View Details
    • $399,999
      3,292 SF

      Remodeled Office Building in Utica

      Remodeled office building in high-traffic area, suitable for various uses.
      320 Herkimer Rd, Utica, NY 13502
      View Details
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    Utica, NY 13502-5634
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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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