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    Property profile & analytics

    2873 State Rte 49 Central Square, NY 13036-2613

    • Auto shops
    • 4,246 SF
    • 3.63 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1885375
    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

    • Auto shops

    Property Details for 2873 State Rte 49

    Year built
    1996
    Lot size
    3.63 lot acres
    Property size
    4,246 SF
    Zone code
    CI
    Property type
    Auto shops
    APN
    356000 276.00-02-13.22
    APU
    35600027600021322

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $405,000
      Market price range: $201k - $406k

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Square
    County
    Oswego
    State
    New York
    Longitude
    -76.1163
    Latitude
    43.2824
    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
    $98,800
    $400,200
    $499,000
    -
    $98,800
    $400,200
    $499,000

    Comparable in this City

    • Value Estimation
      $325,000
      4,336 SF

      318 Us Rte 11

      AUTO REPAIR, GARAGE • 4,336 SF
      318 Us Rte 11, Central Square, NY 13036-9746
      View Details
    • Value Estimation
      $300,000
      5,000 SF

      15 Kline Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      15 Kline Rd, Central Square, NY 13036-8708
      View Details
    • Value Estimation
      $160,000
      2,480 SF

      518 Main St

      AUTO REPAIR, GARAGE • 2,480 SF
      518 Main St, Central Square, NY 13036-9582
      View Details
    • Value Estimation
      $215,000
      5,489 SF

      59 Us Rte 11

      AUTO REPAIR, GARAGE • 5,489 SF
      59 Us Rte 11, Central Square, NY 13036-9795
      View Details
    • Value Estimation
      $300,000
      2,158 SF

      40 Us Rte 11

      AUTO REPAIR, GARAGE • 2,158 SF
      40 Us Rte 11, Central Square, NY 13036-9795
      View Details
    • Value Estimation
      $285,000
      3,082 SF

      4840 State Rte 3rd 3

      AUTO REPAIR, GARAGE • 3,082 SF
      4840 State Rte 3rd 3, Central Square, NY 13036-2243
      View Details

    Similar Nearby for Sale

    • $699,900
      7,080 SF

      Prime Central Square Auto Shop

      7,080 SF Mixed-Use Building, Great Investment!
      583 Main St, Central Square, NY 13036
      View Details
    • $2,000,000
      8,356 SF

      Central Square Retail Investment

      13 Acres, Prime Development Site
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    • $249,000

      Mixed-Use Building on Main Street

      Five-unit mixed-use property with commercial storefronts and residential apartments.
      670 S Main St, Central Square, NY 13036
      View Details
    • $9,500,000
      200.00 Acres

      Prime Central Square Industrial Site

      200-acre mixed-use development opportunity
      466 Us-11, Central Square, NY 13036
      View Details
    • $699,900
      0.69 Acres

      Waterfront Property in Central Square

      Waterfront property with docks and potential for seasonal rental income.
      15 Front St, Central Square, NY 13036
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    • $999,900
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      Micron Area Residential Land

      295 Acres, Prime Development Opportunity
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    Similar Nearby for Lease

    • Contact for pricing
      1,637 SF

      Retail Space with High Visibility

      Retail space featuring high traffic, ample parking, and signage.
      665 S Main St, Central Square, NY 13036
      View Details
    • Contact for pricing
      3,240 SF

      Warehouse Space Near I-81

      Warehouse space with overhead door, near Route 11 and I-81.
      792 County Route 37, Central Square, NY 13036
      View Details
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    2873 State Rte 49
    Central Square, NY 13036-2613
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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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