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    Property profile & analytics

    6089 Taft Rd North Syracuse, NY 13212-2555

    • Auto shops
    • 1,288 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3852740
    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.

    Current Use by Public Records

    • Auto shops

    Property Details for 6089 Taft Rd

    Year built
    1957
    Lot size
    0.64 lot acres
    Property size
    1,288 SF
    Property type
    Auto shops
    APN
    312289 056.-01-11.1
    APU
    31228905601111

    Description

    This exceptional 2,104 sq ft office building sits on a 0.72-acre lot at the hard corner of E Taft Rd and Thompson Rd in Cicero, NY. Its strategic location at the eastern gateway to Hancock Industrial Airpark provides unparalleled visibility and accessibility, boasting an impressive 12,500 AADT on E Taft Rd. The property's proximity to major transportation arteries—less than one mile from Route 81 and under two miles from Syracuse Airport—ensures seamless connectivity to regional and national markets. This prime commercial real estate opportunity is perfect for a variety of uses, including retail, corporate offices, or service-based businesses. The thriving community surrounding the property offers a strong workforce and diverse residential base. This is a rare chance to acquire a prominent commercial property in a rapidly growing area, offering significant potential for development and success. The property's size and location make it an attractive investment for businesses seeking high visibility and convenient access to major transportation routes and a robust workforce. Don't miss this opportunity to establish your business in a prime location with exceptional potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $201,000
      Market price range: $52.3k - $201k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0988
    Latitude
    43.1251
    CBSA code
    45060
    CBSA name
    SYRACUSE, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $81,300
    $73,700
    $155,000
    -
    $112,917
    $102,361
    $215,278

    Comparable in this City

    • Value Estimation
      $340,000
      5,848 SF

      6217 Taft Rd

      AUTO REPAIR, GARAGE • 5,848 SF
      6217 Taft Rd, Syracuse, NY 13212-2527
      View Details
    • Value Estimation
      $310,000
      6,030 SF

      6201 Taft Rd

      AUTO REPAIR, GARAGE • 6,030 SF
      6201 Taft Rd, N Syracuse, NY 13212-2527
      View Details
    • Value Estimation
      $270,000
      1,600 SF

      5865 Taft Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      5865 Taft Rd, Syracuse, NY 13212-3257
      View Details
    • Value Estimation
      $285,000
      864 SF

      800 Main St

      AUTO REPAIR, GARAGE • 864 SF
      800 Main St, Syracuse, NY 13212-1614
      View Details
    • Value Estimation
      $275,000
      1,360 SF

      7349 Church St

      AUTO REPAIR, GARAGE • 1,360 SF
      7349 Church St, Syracuse, NY 13212-3267
      View Details
    • Value Estimation
      $265,000
      3,332 SF

      207 Bay Rd

      AUTO REPAIR, GARAGE • 3,332 SF
      207 Bay Rd, North Syracuse, NY 13212-3642
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $26 SF/Yr

      Syracuse Retail Property For Lease

      Retail property available for lease in Syracuse, New York.
      419 Taft Rd East Syracuse, Syracuse, NY 13212
      View Details
    • Contact for pricing
      4,440 SF

      Retail Space with Road Frontage

      Retail space with frontage on Bear and Buckley Roads.
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    • $1,100 /Mo
      1,000 SF

      Retail Space with Offices

      Retail space featuring offices, lunch area, and reception.
      3711-3713 Brewerton Rd, Syracuse, NY 13212
      View Details
    • Contact for pricing
      2,500 SF

      Equipped Restaurant Space Near Airport

      Restaurant space with equipment and high visibility near Syracuse Airport.
      201 Lawrence Rd E, Syracuse, NY 13212
      View Details
    • Contact for pricing
      59,483 SF

      Bear Road Plaza Retail Space

      North Syracuse retail center, prime location.
      709 Main St, North Syracuse, NY 13212
      View Details
    • Contact for pricing
      8,335 SF

      Syracuse Retail Space Available

      Retail property available for lease in Syracuse, New York.
      1333 Buckley Rd, Syracuse, NY 13212
      View Details
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    6089 Taft Rd
    North Syracuse, NY 13212-2555
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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.

    More about this property
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