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

    3309 1st St New Hartford, NY 13413

    • Investment properties
    • 1,827 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    7.3%
    Investment properties
    Location Intelligence
    Property ID
    US63-6257111
    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

    • Investment properties

    Property Details for 3309 1st St

    Year built
    1960
    Lot size
    0.30 lot acres
    Property size
    1,827 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    304889 349.020-1-55
    APU
    304889349020155

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $360,000
      6.5%
      $335,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $227,000
      Market price range: $108k - $275k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hartford
    County
    Oneida
    State
    New York
    Longitude
    -75.2702
    Latitude
    43.0235
    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
    $24,600
    $85,400
    $110,000
    -
    $43,158
    $149,824
    $192,982

    Comparable in this City

    • Value Estimation
      $285,000
      2,816 SF

      3915-3917 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,816 SF
      3915-3917 1st St, New Hartford, NY 13413
      View Details
    • Value Estimation
      $345,000
      6,936 SF

      4630 Commercial Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 6,936 SF
      4630 Commercial Dr, New Hartford, NY 13413-6203
      View Details
    • Value Estimation
      $275,000
      1,644 SF

      104 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,644 SF
      104 Genesee St, New Hartford, NY 13413-2328
      View Details
    • Value Estimation
      $275,000
      4,214 SF

      23 Oxford Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,214 SF
      23 Oxford Rd, New Hartford, NY 13413-2661
      View Details
    • Value Estimation
      $235,000
      3,008 SF

      3450 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,008 SF
      3450 1st St, New Hartford, NY 13413
      View Details
    • Value Estimation
      $290,000
      1,628 SF

      3839 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,628 SF
      3839 1st St, New Hartford, NY 13413-9769
      View Details

    Similar Nearby for Sale

    • $85,000
      1.77 Acres

      New Hartford Land For Sale

      1.77 acre land parcel available in New Hartford, NY.
      9046 Tibbits, New Hartford, NY 13413
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    • $3,710,000

      NNN Leased Investment Opportunity

      Two NNN leased properties with long-term tenants in New Hartford.
      4794-4796 Commercial Dr, New Hartford, NY 13413
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    • $59,000

      Vacant Land Near Retail

      1.49 acres of vacant land with road frontage.
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    • $1,695,000

      Commercial Drive Redevelopment Site

      Redevelopment site in retail district near Price Chopper Plaza.
      4561 Commercial Dr, New Hartford, NY 13413
      View Details
    • $325,000
      4,200 SF

      Retail or Office Space Available

      Retail or office space in New Hartford with high visibility.
      3859 Oneida St, New Hartford, NY 13413
      View Details
    • Contact for pricing

      Land For Sale New Hartford

      Land available for sale at 4514 Commercial Dr, New Hartford, NY.
      4514 Commercial Dr, New Hartford, NY 13413
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,000 SF

      Retail Space in New Hartford

      Retail space available in a busy New Hartford shopping center.
      8647 Clinton St, New Hartford, NY 13413
      View Details
    • $11 SF/Yr
      20,500 SF

      Retail Space in Crossroads Plaza

      Retail space available in high-traffic Crossroads Plaza.
      8411 Seneca Tpke, New Hartford, NY 13413
      View Details
    • $15 SF/Yr
      3,624 SF

      Retail/Office Space in Teal Pointe

      Retail or office space for lease in Teal Pointe Plaza.
      8496-8506 Seneca Tpke, New Hartford, NY 13413
      View Details
    • $8 SF/Yr
      2,750 SF

      Industrial Flex Space Available

      2,750 SF flex/industrial space for lease.
      2 Campion Rd, New Hartford, NY 13413
      View Details
    • $23 SF/Yr
      350 SF

      Office Space Available For Rent

      Office space available for lease in New Hartford, NY.
      8540 Seneca Tpke, New Hartford, NY 13413
      View Details
    • New
      $895,000
      4,496 SF

      New Hartford Commercial Opportunity

      Commercial space available for rent in New Hartford, New York.
      8390 Seneca Tpke, New Hartford, NY 13413
      View Details
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    3309 1st St
    New Hartford, NY 13413
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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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