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Property profile & analytics
OFF-MARKET
Office buildings

50 Wallace Ave Auburn, NY 13021-3116

9,104 SF 1.36 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US63-0383795
Property summary
AI-generated overview

This exceptional commercial property at 50 Wallace Avenue in Auburn, NY, presents a remarkable investment opportunity. Boasting a substantial 10,738 square feet of space on a generous 1.36-acre lot, this well-maintained building offers unparalleled versatility. The clear-span construction allows for flexible and adaptable layouts to suit a wide range of commercial uses. The current owner occupies approximately 2,000 square feet and has a three-year lease agreement in place with the new buyer. Specific lease terms are negotiable post-sale. This property is ideal for businesses seeking ample space and the freedom to customize their workspace. Its prime location in Auburn offers excellent visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The asking price of $425,000 represents exceptional value for a property of this size and potential. The existing tenant provides a steady income stream during the initial three years, mitigating risk and offering immediate return on investment. Don't miss this chance to acquire a highly adaptable commercial space with significant growth potential in a thriving Auburn location. Serious inquiries only.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 9,104 SF
Lot 1.36 ac (59,242 SF)
Zoning code I
APN 050100 115.65-1-47.21
UPID US63-0383795
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
  • Aurora Dental Studio Dental Office
  • Cayuga Industrial Factory Industrial Manufacturer
  • Mark E. Bachman CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Athcs Holdings LLC
Athcs Holdings LLC
since 2026
6 recorded transactions
2026
$455,000
2017
Price N/A
2013
$185,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I · Auburn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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