Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    55 1st S St Fulton, NY 13069-1637
    Back to Search
    Property profile & analytics

    55 1st S St, Fulton, NY 13069-1637

    View on Map
    • Investment properties
    • 5,220 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    $67,286
    Property ID
    US63-1254206
    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

    • The Cosmetic Queens / Medical Clinic

    Property Details for 55 1st S St

    Year built
    1971
    Lot size
    0.20 lot acres
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    350400 236.62-03-03
    APU
    350400236620303

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 23, 2025 $63,500 Capital Region Preferred Properties Empower Federal Credit Union Deed —
    Oct 2, 2024 $67,500 Empower Federal Credit Union Pamela A Munson Deed · related —
    Feb 28, 2018 $110,000 Stanley Lubinga The City Of Fulton Warranty Deed $88k · Community Bank NA
    Aug 8, 2017 $30,840 City Of Fulton City Clerk Of Oswego County|goriganti,md Mahender Deed · related —
    Mar 30, 2017 — Cindy C E Swartwood Swartwood,todd & Cindy C Quit Claim Deed · related —
    Jul 6, 2012 $42,500 Swartwood,todd Amer,saad Warranty Deed —
    Aug 14, 2007 $8,500 Amer Saad City Of Fulton Warranty Deed —
    — — Todd Swartwood — Deed Of Trust · related $25k · Community Dev Commission
    — — Cindy N Swartwood — Deed Of Trust · related $40k · Empower Cu

    Description

    This expansive 10,440 square foot commercial property located at 55 W 1st St S, Fulton, NY, presents a unique investment opportunity. Situated on a 0.2-acre lot, the building offers endless possibilities for a variety of businesses. The main structure boasts a significant amount of open space, ideal for customization to suit diverse needs. A substantial workshop area is located at the rear of the building, providing ample room for manufacturing, storage, or other industrial uses. The front of the building features a separate entrance, perfectly suited for a restaurant, coffee shop, bakery, or pizza establishment. Adding to the property's versatility is a spacious three-bedroom apartment with a roughed-in bath and kitchen, offering potential for residential use or additional income generation. A significant advantage is the inclusion of an underground, drive-in garage, providing ample parking and storage space, potentially suitable for a body shop. The property is being sold "as is," including any remaining equipment. This presents a rare chance to acquire a large-scale commercial property in a prime Fulton location, ready for your vision and entrepreneurial spirit. The property's size and diverse layout offer a unique opportunity for creative redevelopment and significant return on investment. Don't miss this chance to transform this substantial space into a thriving business hub.

    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
    Fulton
    County
    Oswego
    State
    New York
    Longitude
    -76.4215
    Latitude
    43.3221
    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
    0
    $0.00
    $6,300
    $78,700
    $85,000
    -
    $6,848
    $85,543
    $92,391

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      366 Honey Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      366 Honey Hl Rd, Fulton, NY 13069-4707
      View Details
    • Value Estimation by Request
      2,288 SF

      4 Sherman Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      4 Sherman Rd, Fulton, NY 13069-4510
      View Details
    • Value Estimation by Request
      1,980 SF

      9-13 2nd St

      OFFICE/RESIDENTIAL (MIXED USE)
      9-13 2nd St, Fulton, NY 13069
      View Details
    • Value Estimation by Request
      8,150 SF

      436 County Rte 3rd 3

      OFFICE/RESIDENTIAL (MIXED USE)
      436 County Rte 3rd 3, Fulton, NY 13069-5101
      View Details
    • Value Estimation by Request
      1,628 SF

      213 5th S St

      OFFICE/RESIDENTIAL (MIXED USE)
      213 5th S St, Fulton, NY 13069-2127
      View Details
    • Value Estimation by Request
      1,620 SF

      304 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      304 Broadway, Fulton, NY 13069-2220
      View Details

    Similar Nearby for Sale

    • $425,000

      Fulton Mixed-Use Investment Opportunity

      Mixed-use property in Fulton, NY with high visibility.
      5-7 N 2Nd St, Fulton, NY 13069
      View Details
    • Contact for pricing
      Pending

      Remodeled Commercial Building with Upgrades

      Remodeled commercial building featuring office spaces, multiple entrances, and amenities.
      554 S 1St St, Fulton, NY 13069
      View Details
    • $524,900

      High Visibility Commercial Building

      Partially occupied 3-unit commercial building with stable income.
      803-807 S 4Th St, Fulton, NY 13069
      View Details
    • $209,900
      Pending

      Spacious Multi-Unit Investment Property

      Four units, convenient location, and recent updates enhance value.
      426 S 4Th St, Fulton, NY 13069
      View Details
    • $900,000
      6,488 SF

      Fulton Riverfront Restaurant & Bar

      Landmark property, stunning views, established business.
      24 1St St, Fulton, NY 13069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Space Available

      Strategically located commercial property with high growth potential.
      2809 State Route 3, Fulton, NY 13069
      View Details
    • Contact for pricing
      30,000 SF

      Fulton Warehouse with High Ceilings

      86,400 SF warehouse space featuring 26' clear ceiling height.
      1850 County Route 57, Fulton, NY 13069
      View Details
    • $1,800 /Mo

      Fulton Commercial Space for Rent

      4300 SF Fulton commercial space suitable for various businesses.
      153 S 1St St, Fulton, NY 13069
      View Details
    • Contact for pricing

      Retail Space in Fulton, NY

      Retail space in a dynamic, welcoming Fulton neighborhood.
      104 W Broadway, Fulton, NY 13069
      View Details
    • Contact for pricing
      11,397 SF

      Retail Space on East Broadway

      Retail space for lease in Fulton, NY with ample parking.
      110 E Broadway, Fulton, NY 13069
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 1st S St
    Fulton, NY 13069-1637
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    55 1st S St, Fulton, NY, 13069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!