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Property profile & analytics
FOR LEASE
Strip malls
315 Genesee St Auburn, NY 13021
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-0167464
For Lease
1 / 7
$1,325,000
315 Genesee St, Auburn, NY 13021
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Property summary
AI-generated overview
Auburn Towne Plaza, located at 315 Genesee St, Auburn, NY 13021, offers exceptional retail leasing opportunities in Cayuga County. This 85,089 square foot strip center boasts a prime location with excellent visibility from the road, enhanced by a signalized entrance. The property features two suites, currently offering 11,569 square feet of vacant space available for lease. Flexible lease options cater to various business needs, accommodating spaces ranging from 5,000 to 11,500 square feet. In addition to the in-line space, a highly visible pad site is available in front of the plaza, offering freestanding tenants exposure from multiple streets. This presents a unique opportunity for businesses seeking high-traffic locations with strong visibility. The property's strategic location in Auburn, near Syracuse, NY, provides access to a substantial customer base. The property is ideal for a variety of retail uses, and the ample space also presents possibilities for storage-related businesses. Interested parties are encouraged to inquire about lease terms and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
41,000 SF
Lot
4.5 ac (196,020 SF)
Zoning code
C
APN
050100 115.81-1-4.311
UPID
US63-0167464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sakura Buffet Restaurant Buffet
-
Kilos Strength and Performance 24/7 Gym & Fitness Center
-
Brown Spine & Sport, Dr. Joshua Brown Alternative Medicine Practice
-
CubeSmart Self Storage Storage Facility
-
Joshua Brown Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
315 Genesee Street LLC · 4 yrs held
315 Genesee Street LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C · Auburn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+183.7%
Industrial (general)
$855,000
+12.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,335,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,165,000
Change: +184% · Conversion: Easy
INDUSTRIAL (GENERAL)
$855,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.30M (Dec 22 2021)
Last sale anchor
$1.30M
Dec 22 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$698,900
Assessed 2023
Previous assessed
$698,900
+0.0% YoY
Assessed land
$160,000
Assessed improvement
$538,900
Land market value
$166,667
Improvement market value
$561,354
Total market value
$728,021
Applied tax rate
50,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1991
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
41,000 SF
Lot
4.5 ac (196,020 SF)
Zoning code
C
APN
050100 115.81-1-4.311
UPID
US63-0167464
Jurisdiction
CAYUGA
Zoning & alternative use
C · Auburn, NY
Zoning C · permitted uses
C · Auburn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
315 Genesee Street LLC
Entity
Free & Clear · 4 yrs held
Mailing address
55 5TH AVE FL #15, NEW YORK, NY 10003-4301
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
—
Clinton Hl Auburn Tow LLC
—
Deed
related
$1,500,000 · Lyons Savings Bank
Dec 22, 2021
$1,300,000
315 Genesee Street LLC
Cls1 Properties LLC
Deed
—
Jul 19, 2019
$650,000
Cls1 Properties LLC
Clinton Hill Auburn Town Ctr E
Grant Deed
$750,000 · Lyons Nat'l Bk
Nov 20, 2018
$375,000
Gen-west Associates LLC
Clinton Hill Auburn Town Ctr E
Grant Deed
—
Mar 19, 2013
$1,650,000
Clinton Hill Auburn Town Cente
Apex INC
Grant Deed
—
Oct 1, 2010
$2,300,000
Apex INC
David 26 LLC
Deed In Lieu Of Foreclosure
—
May 11, 2007
$2,450,000
David 26 LLC
Auburn Ents LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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