Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    211 Grumbach Avenue Syracuse, NY 13203

    View on Map
    Claim this Listing
    Picture of Land at 211 Grumbach Avenue, Syracuse, NY
    For Sale
    Contact for pricing

    LAND - Syracuse, NY

    Lot size:
    0.08 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    107
    Last Refresh:
    Apr 19 at 4:06 am

    Property Features for 211 Grumbach Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    311500-015-000-0003-017-000-0000
    Lot size
    0.08 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Alyssa Emmons

    Listing agent Alyssa Emmons License #10401377615

    Listing office Keller Williams Syracuse 5701 Enterprise Parkway, East Syracuse, NY

    Listing date Jan 2, 2026

    MLS# S1656274 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land For Sale, Syracuse, NY

    This vacant land is available for sale in Syracuse, New York. The lot size is 0.0781 acres. Prospective buyers should contact the city for information on property permit approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.139912
    Latitude
    43.064731

    Nearby Similar for Sale

    • $389,000
      4,408 SF

      Versatile Commercial Building in Syracuse

      4,408 sq ft commercial/industrial building in a busy area.
      6730 Townline Road, Syracuse, NY 13211
      View Details
    • $279,000
      2,762 SF

      Syracuse Two-Family Brick Home

      Well-maintained two-family home near university with parking.
      1326 Madison Street, Syracuse, NY 13210
      View Details
    • $425,000
      6,755 SF

      610 Oak St, Syracuse

      Historic firehouse converted to office space near downtown Syracuse.
      610 Oak St, Syracuse, NY 13203
      View Details
    • $1,000
      3,450 SF

      Syracuse Multi-Family Home

      Two-family home in Syracuse, ideal for owner-occupant.
      147-49 Corning W Ave, Syracuse, NY 13205
      View Details
    • $224,000
      1,792 SF

      Syracuse Multifamily Investment Opportunity

      Two-unit multifamily near Syracuse University, ideal for investors or owners.
      812 Avery Ave, Syracuse, NY 13204
      View Details
    • $129,000
      2,560 SF

      Syracuse Duplex with Investment Potential

      Duplex in Salt Springs area with renovation potential.
      452 Ellis St, Syracuse, NY 13210
      View Details
    • $239,900
      1,740 SF

      Syracuse Multi-Family Investment Opportunity

      Two-family home with expansion potential in prime Syracuse location.
      3018 Grant Boulevard, Syracuse, NY 13208
      View Details
    • $2,650,000
      36,536 SF

      Leased Retail Plaza Investment Opportunity

      Fully leased six-unit retail plaza in Syracuse, New York.
      500 Butternut Street, Syracuse, NY 13208
      View Details
    • $249,900
      2,224 SF

      Eastwood Duplex with Updated Features

      Attractive Syracuse duplex near amenities with updated kitchens and hardwood floors.
      1353 Northcliffe Road, Syracuse, NY 13206
      View Details
    • $2,000
      1,976 SF

      Syracuse Two-Family Home for Renovation

      Two-family home in Syracuse requiring full renovation.
      226 Sabine St, Syracuse, NY 13204
      View Details
    • $24,900

      Cleared Commercial Land in Syracuse

      0.13-acre commercial land parcel in Syracuse, NY for sale.
      806 Butternut Street, Syracuse, NY 13208
      View Details
    • $299,000
      3,961 SF

      Spacious Income-Producing 9-Bedroom Home

      Versatile 9-bedroom home, ideal for residential or income use.
      1039 Midland Avenue, Syracuse, NY 13205
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land available in Syracuse, New York.
    Where is this land located?
    The property is located at 211 Grumbach Avenue Syracuse, NY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Driveway parking available.; Public water source.; Location coordinates provided.
    (315) 701-6900
    We can help!
    Listing Contact
    Alyssa Emmons
    Real Estate License ID: 10401377615
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!