Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2685 Erie Dr Weedsport, NY 13166-3204
    Property profile & analytics

    2685 Erie Dr Weedsport, NY 13166-3204

    View on Map
    • Retail space
    • 5,000 SF
    • 1.50 lot acres
    Off-Market
    Property ID
    US63-3290605
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weedsport Laundromat / (Bike/Boat/Book/etc) Store
    • H&R Block / Tax Preparation

    Property Details for 2685 Erie Dr

    Year built
    1995
    Lot size
    1.50 lot acres
    Property size
    5,000 SF
    Zone code
    C
    Property type
    Retail space
    APN
    052201 83.05-1-8
    APU
    52201830518

    Description

    This 5,000 square foot multi-tenant commercial building at 2685 Erie Drive in Weedsport, NY, offers a prime 800 square foot vacant space ideal for office or retail use. Built in 1995, this Class B property sits on a 2.34-acre lot and features ample on-site parking with convenient ingress and egress. The space is located in a high-traffic area with excellent visibility, boasting signage opportunities on the building and a pylon sign. Its convenient location on a main road provides easy access for customers and employees. Nearby businesses include Dollar General, Napa Auto Parts, Dunkin', Fastrac, Jreck Subs, Kinney Drugs, a laundromat, and H&R Block, ensuring high foot traffic and a strong commercial presence. The minimum divisible space is 800 square feet, making it suitable for a variety of businesses. The property is zoned for retail, office, and land use, offering flexibility for potential tenants. While there are no elevators, the building's layout is designed for easy accessibility. This is a fantastic opportunity to establish a business in a thriving Weedsport community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Weedsport
    County
    Cayuga
    State
    New York
    Longitude
    -76.5632
    Latitude
    43.0508
    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
    2020
    $2,230
    $105,000
    $244,400
    $349,400
    -
    $150,000
    $349,143
    $499,143

    Comparable in this City

    • Value Estimation by Request
      1,271 SF

      8983 Seneca St

      RETAIL STORES (PERSONAL SERVICES) • 1,271 SF
      8983 Seneca St, Weedsport, NY 13166-9571
      View Details
    • Value Estimation by Request
      3,200 SF

      8931 Seneca St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      8931 Seneca St, Weedsport, NY 13166
      View Details
    • Value Estimation
      $790,000
      27,808 SF

      8936 Seneca St

      RETAIL STORES (PERSONAL SERVICES) • 27,808 SF
      8936 Seneca St, Weedsport, NY 13166
      View Details
    • Value Estimation by Request
      6,481 SF

      3282 Brutus St Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,481 SF
      3282 Brutus St Rd, Weedsport, NY 13166-3131
      View Details
    • Value Estimation
      $545,000
      11,550 SF

      2783 State Rte 31

      RETAIL STORES (PERSONAL SERVICES) • 11,550 SF
      2783 State Rte 31, Weedsport, NY 13166-9415
      View Details
    • Value Estimation by Request
      2,072 SF

      9015 Seneca St

      FINANCIAL BUILDING • 2,072 SF
      9015 Seneca St, Weedsport, NY 13166-8565
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,399 SF

      Weedsport Commercial Property on Seneca

      Well-maintained 4,399SF commercial property in the heart of Weedsport.
      8914 N Seneca St, Weedsport, NY 13166
      View Details
    • $399,900
      1,656 SF

      Weedsport Liquor Store & Home

      Turnkey Business, Prime Location
      2657 Erie Dr, Weedsport, NY 13166
      View Details
    • Contact for pricing

      Private Island on Seneca River

      53-acre private island with river and canal access.
      Brutus NY Hickory Is, Weedsport, NY 13166
      View Details
    • Contact for pricing

      Prime Interchange Development Opportunity

      17.8-acre parcel with high visibility and easy Thruway access.
      9142 Ny-34, Weedsport, NY 13166
      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.
    2685 Erie Dr
    Weedsport, NY 13166-3204
    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

    Thank You for Inquiry
    2685 Erie Dr, Weedsport, NY, 13166
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!