4583 North St
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4583 North St
7,876 SF 100% Leased Office Building Jamesville, NY 13078 $949,900 ($121/SF) 7.74% Cap Rate
Executive Summary
Introducing an exceptional investment opportunity at Grace Court in Jamesville, NY! This suburban o?ce building boasts 7,686 +/- SF on a 1.29 +/- acre parcel, featuring wood construction with cedar siding. With a commercial professional office zoning, this property is fully leased with a variety of office and retail tenants, offering a stable income stream. Benefit from recent renovations to several spaces and convenient features like same-level entry from three parking lots with over 40 spaces. Located at 4583 North Street, Jamesville, NY 13078, this property provides direct access to major roads including Jamesville Road and Rt. 173 I481 Interchange. The surrounding area boasts a strong demographic profile with a population of 86,517 within a 2-mile radius and an average household income of $55,517. Don't miss out on this prime investment opportunity in a bustling commercial area. Contact our exclusive agent for more details.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
7,876 SF
Building Class
B
Year Built/Renovated
1980/2020
Price
$949,900
Price Per SF
$121
Cap Rate
7.74%
NOI
$73,522
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,625 SF
Slab To Slab
14’
Building FAR
0.14
Lot Size
1.29 AC
Zoning
05 - Commercial Professional Office
Parking
30 Spaces (3.81 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 312689-086-000-0003-004-001-0000 | Total Assessment | $380,000 (2023) |
| Land Assessment | $45,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $335,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
312689-086-000-0003-004-001-0000
Land Assessment
$45,000 (2023)
Improvements Assessment
$335,000 (2023)
Total Assessment
$380,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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4583 North St
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