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    8575 Henry Clay Blvd Clay, NY 13041
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    8575 Henry Clay Blvd, Clay, NY 13041

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    • Land
    • 37.63 lot acres
    For Sale
    $7,000,000
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    37.63 Acres Prime Land For Sale
    $7,000,000
    37.63 Acres

    37.63 Acres Prime Land

    Land with utilities on a busy corner near Micron.

    8575 Henry Clay Blvd, Clay, NY 13041
    View Listing
    Property ID
    US63-3880691
    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

    • Land

    Property Details for 8575 Henry Clay Blvd

    Lot size
    37.63 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional investment opportunity: 37.63 acres of prime farmland and ranch land in Clay, New York, situated at the busy intersection of Route 31 and Henry Clay Boulevard. This strategically located property boasts existing utilities including water, cable, electric, and sewer access. The property includes a drive-in cold storage barn, built in 2003, featuring a single story and approximately 2,158 square feet of publicly recorded space. The lot number is 20, and the APN is 312489-059-000-0001-020-001-0000. The asking price is $7,000,000, translating to a land value of $3,243 per square foot. Its prime location offers incredible development potential, from residential subdivisions to commercial strip malls. The property benefits from its proximity to major transportation arteries, including the 481 interstate (an eastern bypass to 181 and the 90), and is approximately one mile from the approved Micron development, ensuring strong future growth prospects. This is a rare chance to acquire a substantial parcel of land in a high-demand area with exceptional visibility and accessibility. Don't miss this opportunity to capitalize on the significant potential of this remarkable property.

    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
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.2011
    Latitude
    43.1859

    Comparable in this City

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      9.35 Acres

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      21.77 Acres

      4647 Ny-31

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      71.35 Acres

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      1.07 Acres

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      5.01 Acres

      5334 Ny-31

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      5334 Ny-31, Clay, NY 13041
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    Similar Nearby for Sale

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    • $7,000,000

      37.63 Acres Prime Land

      Land with utilities on a busy corner near Micron.
      8575 Henry Clay Blvd, Clay, NY 13041
      View Details
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      Clay Buildable Land and Flex

      23.23 acres near Micron site with flex building.
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      Prime Industrial Land Near Micron

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    Similar Nearby for Lease

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      Land Near Great Northern Mall

      Land for rent near Great Northern Mall redevelopment project.
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      Retail Development Land Near Micron

      26+ acres of retail development land near Micron facility.
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      Office/Retail Building Near Micron Site

      Office and retail spaces available near the new Micron site.
      4591 State Route 31, Clay, NY 13041
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    • $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
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      19,800 SF

      Office/Retail Building Near Micron Site

      New construction office/retail space available near Micron site.
      4597 Ny-31, Clay, NY 13041
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      21,775 SF

      Retail Space with Highway Visibility

      Retail space available for lease with great sign and highway visibility.
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    View Listing
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    Clay, NY 13041
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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.

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