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    358 Genesee St Auburn, NY 13021
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    Property profile & analytics

    358 Genesee St Auburn, NY 13021

    View on Map
    • Residential land & home lots
    Off-Market
    Property ID
    US63-5305303
    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

    • Auburn Parks Maintenance / City Government Office
    • Department of Public Works / General Contractor / Construction Company

    Property Details for 358 Genesee St

    Property type
    Residential land & home lots

    Description

    Prime Development Parcels - 356 Genesee St and Bluefield Rd, Auburn, NY An exceptional opportunity awaits on these 51.59 ± acres strategically located in bustling Auburn, NY. This rare gem is the last large parcel available for residential development on the west side of the town, offering immense potential for those with a vision. With all necessary utilities already in place - including water, sewer, gas, and electricity - development projects can proceed smoothly and efficiently. The surrounding area boasts attractive demographics for mid-to-upper-tier residential development, with average household incomes ranging from $62,915 to $84,637. The property's proximity to retail areas and its convenience to major routes ensure high visibility and accessibility. Don't miss the chance to be a part of this thriving community and actualize your development dreams. Contact us to seize this golden opportunity today!

    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
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5931863
    Latitude
    42.9186807

    Comparable in this City

    • $39,900
      Pending

      Approved Building Lot in Auburn

      Acre+ building lot in Weedsport School District with utilities.
      5 Butler Dr, Auburn, NY 13021
      View Details
    • $59,900
      0.80 Acres

      Land on Dutch Hollow Golf

      0.8 acre building lot on Dutch Hollow Country Club.
      Way Murphy's, Owasco, NY 13021
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Land in Auburn, NY

      Three combined parcels for residential building in central Auburn.
      110 Garrow Street Ext, Auburn, NY 13021
      View Details
    • Contact for pricing
      Pending

      Residential Land in Auburn, NY

      0.34-acre building lot on State St Rd (Route 38).
      38 State Street Rd, Auburn, NY 13021
      View Details
    • $39,900
      Pending

      Approved Building Lot in Auburn

      Over an acre in Weedsport School District with utilities.
      1 Butler Ln Rd, Auburn, NY 13021
      View Details
    • $69,900
      Pending

      Auburn, NY Renovation Opportunity

      Property in Auburn, NY, ready for renovation and customization.
      31 Arterial W, Auburn, NY 13021
      View Details

    Similar Nearby for Sale

    • $39,900
      Pending

      Approved Building Lot in Auburn

      Over an acre in Weedsport School District with utilities.
      1 Butler Ln Rd, Auburn, NY 13021
      View Details
    • $69,900
      Pending

      Auburn, NY Renovation Opportunity

      Property in Auburn, NY, ready for renovation and customization.
      31 Arterial W, Auburn, NY 13021
      View Details
    • $39,900
      Pending

      Approved Building Lot in Auburn

      Acre+ building lot in Weedsport School District with utilities.
      5 Butler Dr, Auburn, NY 13021
      View Details
    • $59,900
      0.80 Acres

      Land on Dutch Hollow Golf

      0.8 acre building lot on Dutch Hollow Country Club.
      Way Murphy's, Owasco, NY 13021
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Land in Auburn, NY

      Three combined parcels for residential building in central Auburn.
      110 Garrow Street Ext, Auburn, NY 13021
      View Details
    • Contact for pricing
      Pending

      Residential Land in Auburn, NY

      0.34-acre building lot on State St Rd (Route 38).
      38 State Street Rd, Auburn, NY 13021
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      26,070 SF

      Auburn Retail/Office Pad Sites

      Prime Auburn location for retail, office, or restaurant development.
      343 Genesee St, Auburn, NY 13021
      View Details
    • Contact for pricing

      Auburn Towne Plaza: Prime Commercial Land

      1.17 Acres, Build-to-Suit Opportunity
      317 Genesee St, Auburn, NY 13021
      View Details
    • Contact for pricing

      Auburn Retail Space For Lease

      85,000 SF shopping center with in-line and pad site availability.
      315 Genesee Street Rd, Auburn, NY 13021
      View Details
    • $379,000
      6,418 SF

      Historic Auburn Building with Variance

      Renovated 6,418 SF building with commercial variance and architectural designs.
      68 North Division Street Rd, Auburn, NY 13021
      View Details
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    358 Genesee St
    Auburn, NY 13021
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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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