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

    4753 Verplank Rd Clay, NY 13041-8621

    • Auto shops
    • 1,920 SF
    • 5.54 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3396751
    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

    • Michaels Autobody / Auto Body Shop

    Property Details for 4753 Verplank Rd

    Year built
    1989
    Lot size
    5.54 lot acres
    Property size
    1,920 SF
    Property type
    Auto shops
    APN
    312489 043.-01-14.0
    APU
    31248904301140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $200,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $205,000
      Change: +4% Conversion: Difficult
      OFFICE BUILDING
      $205,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $175,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.1873
    Latitude
    43.1997
    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
    2023
    $0.00
    $1,700
    $3,800
    $5,500
    -
    $57,047
    $127,517
    $184,564

    Comparable in this City

    • Value Estimation
      $280,000
      3,000 SF

      8598 Morgan Rd

      AUTO REPAIR, GARAGE • 3,000 SF
      8598 Morgan Rd, Clay, NY 13041-9665
      View Details
    • Value Estimation
      $285,000
      1,232 SF

      4541 State Rte 31

      AUTO REPAIR, GARAGE • 1,232 SF
      4541 State Rte 31, Clay, NY 13041-8746
      View Details
    • Value Estimation
      $375,000
      4,640 SF

      8578 Henry Clay Blvd

      SERVICE STATION WITH FOOD MART • 4,640 SF
      8578 Henry Clay Blvd, Clay, NY 13041-9677
      View Details
    • Value Estimation
      $260,000
      0.15 Acres

      5717 Caughdenoy Rd

      PARKING LOT • 0.15 Acres
      5717 Caughdenoy Rd, Clay, NY 13041-8686
      View Details
    • Value Estimation
      $240,000
      2.06 Acres

      8485 Henry Clay Blvd

      PARKING GARAGE, PARKING STRUCTURE • 2.06 Acres
      8485 Henry Clay Blvd, Clay, NY 13041
      View Details
    • Value Estimation
      $385,000
      3,760 SF

      5334 State Rte 31

      VEHICLE SALES, RENTALS • 3,760 SF
      5334 State Rte 31, Clay, NY 13041-9505
      View Details

    Similar Nearby for Sale

    • $8,900,000

      Commercial Property Near Micron Technologies

      20-acre commercial property near Micron Technologies with 10,603 SF building.
      5252 State Route 31, Clay, NY 13041
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      2,606 SF

      Clay, NY Restaurant & Bar for Sale

      Established Business, Prime Location, High Growth Area
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    • $1,400,000

      Pirates Cove Marina For Sale

      Established marina with restaurant, campsites, and boat storage.
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    • $995,000
      3,473 SF

      Retail Building Near Micron Plant

      Retail service building with shop/storage on a large fenced lot.
      5280 Caughdenoy Rd, Clay, NY 13041
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    • $695,000
      13 SF

      Clay, NY Mixed-Use Investment

      Prime Micron Plant location. High rental potential.
      8894 Caughdenoy Rd, Clay, NY 13041
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    • $199,900

      Prime Land Parcel on Route 31

      5+ acres on Route 31, near Micron development site.
      4209 State Route 31, Clay, NY 13041
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    Similar Nearby for Lease

    • Contact for pricing
      21,775 SF

      Retail Space with Highway Visibility

      Retail space available for lease with great sign and highway visibility.
      4106 State Route 31, Clay, NY 13041
      View Details
    • Contact for pricing
      29,534 SF

      Clay Retail Power Center

      High-Visibility Retail Space Available
      4160 Ny-31, Clay, NY 13041
      View Details
    • $21 SF/Yr

      Office/Retail Building Near Micron Site

      New office/retail building with build-to-suit options near Micron.
      4591 State Rte 31 Hwy, Clay, NY 13041
      View Details
    • Contact for pricing
      26,878 SF

      Retail Space with Highway Visibility

      Retail space available in a rapidly growing area.
      4100 State Route 31, Clay, NY 13041
      View Details
    • Contact for pricing

      Land Near Great Northern Mall

      Land for rent near Great Northern Mall redevelopment project.
      4182 State Route 31, Clay, NY 13041
      View Details
    • Contact for pricing
      26 SF

      Retail Development Land Near Micron

      26+ acres of retail development land near Micron facility.
      8351 Pareti Pl, Clay, NY 13041
      View Details
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    4753 Verplank Rd
    Clay, NY 13041-8621
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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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