735 Co Rd 42 CMA

PROPERTY SUMMARY

Discoveraversatileindustrial/manufacturing propertyat735CountyRoad42,Victor,NY.This expansive27,109sq.ft.buildingsitsonan impressive81-acrelot,offeringabundantspacefor operations,expansion,ordevelopment.

LocatedinaLightIndustrial(LI)Zoningdistrict,this propertyprovidesflexibilityforvariousindustrial, warehousing,ormanufacturinguses.Thevast acreageopenspossibilitiesforoutdoorstorage, futurefacilityexpansions,orpotentialsubdivision.

StrategicallypositionedinVictor,athrivingbusiness corridorwitheasyaccesstomajorhighwaysand regionalcommercehubs,thispropertyisidealfor businessesseekingscalabilityandefficiency.

Address: 735CountyRd42Victor,NY14564-8995

SoldDate: 03/06/1996

SoldPrice: $1,425,000($53perft.)

Acres: 81.0624

Type: BuildingSize: 27,109sq.ft.

Industrial/Manufacturing

Zoning: LightIndustrial(LI)

Market Insights

Industrial Land

•AverageDaysonMarket:402days Victor,NY14564

•AveragePrice:$45,366/acre

•MedianPrice:$44,755/acre

•RecentSales:$30,000-$35,000/acre

Industrial Buildings

•AverageSoldPrice:$100/sq.ft.

•MedianSoldPrice:$87/sq.ft.

•AverageDiscount:22%underaskingprice (Q32024)

Land Comps

PropertyHistory

Supplemental Data

Valuation Analysis

Basedonthestrategiclocationofthesubjectproperty,withthe mostrecentsalesbeingconsidered,Ibelievethelandtobe valuedsomewherearound $35,000/acre,andthebuildingsto landsomewherearoundthemedianpriceof $87/sqft.This valuesthepropertyat $7,982,000.

LandValue

$35,000/acrex81acres

Value:$2,835,000

BuildingValue

$87/sq.ft.x27,109sq.ft.

Value:$4,709,000

TotalValue

Land+Building

Value:$7,544,000

RoundedEstimate:$7,982,000

Pricing Strategy

ThemetricsthatIhaveattachedalsoshowanaverageday onmarketof 402days.

Beingthattheclientislookingforacondensedtimeframe tosale,Iwouldsuggestastartingpricenohigherthan $7,000,000 andstayopentoaggressivepricecutsshould theneedarise.

SuggestedStartingPrice:

$7,000,000

Considerations:

Markettrendsindicateanaverage discountof22%underaskingprice. Pricereductionsmaybesuggested forquickersalependingmarket response.