Standalone Office Building with Open
For Sale
$799,000
6010 Drott Drive, East Syracuse, NY 13057
CommercialSale, East Syracuse, NY
Property Size6,012 SF
Lot Size0.78 Acres
Price / SF$133.17
Days on Market405
Property Features for 6010 Drott Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Ind
Zoning description
Industrial
Parking
24
Lot features
Rectangular, Rectangular Lot
Elementary school district
East Syracuse-Minoa
Middle school district
East Syracuse-Minoa
High school district
East Syracuse-Minoa
Subdivision
Dewitt-312689
Standard status
Active
APN
312689-014-000-0003-003-009-0000
Size
6,000 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Annual Amount
8665
Building Details
Year built
1989
Floors in Building
1
Roof type
Metal
Listing Agency:
Rooftop Realty Group LLC
(315) 944-2198
Listed By:
Mark Cardone · License #10491208497
(315) 456-8926
Added: Aug 6, 2025
Changed: Sep 7
Last Checked: Sep 14 at 10:06PM
MLS# S1628689
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.
Investment Insights
Based on property information with market context.
This standalone office building at 6010 Drott Drive includes open-plan interiors, high ceilings, and quality finishes. The property was built in 1989 and features a metal roof, offering a functional commercial setting for office-oriented occupancy and other workspace applications supported by the existing layout.
The building occupies 0.78 acres in an industrial park in East Syracuse, with access to major highways. Ind zoning and the adaptable interior configuration provide a practical foundation for professional workspace, technology-oriented operations, or creative office use.
The building occupies 0.78 acres in an industrial park in East Syracuse, with access to major highways. Ind zoning and the adaptable interior configuration provide a practical foundation for professional workspace, technology-oriented operations, or creative office use.
Key Highlights
- 6,012 SF office building at 6010 Drott Drive
- 0.78‑acre site in an industrial park setting
- Open‑plan interior with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,277
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,540
$1.3M
Cap Rate 7%
$903,957
$904.0K
Cap Rate 9%
$703,078
$703.1K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$97.2K $16.20/SF
− Vacancy
−$12.8K −$2.14/SF
EGI
$84.4K $14.06/SF
− OpEx
−$21.1K −$3.52/SF
NOI
$63.3K $10.55/SF
Area
Onondaga County, NY
Vacancy
13.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,540
Cap Rate 7%
$903,957
Cap Rate 9%
$703,078
Alternative Uses
Best Use
Office B
$904.0K
$791.0K – $1.05M
NOI $63,277 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.4K – $1.22M
NOI $72,991 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Adaptable office property with high ceilings, flexible interiors, and an industrial park setting.
Where is this office building located?
The property is located at 6010 Drott Drive East Syracuse, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6,012 SF office building at 6010 Drott Drive; 0.78‑acre site in an industrial park setting; Open‑plan interior with high ceilings
