Medical Office
For Sale
$400,000
105 N Main Street, Syracuse, NY 13212
A single-level plan pairs patient reception and optical retail areas with exam, office, and laboratory space.
Property Size2,244 SF
Lot Size0.23 Acres
Price / SF$178.25
Days on Market161
Property Features for 105 N Main Street
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
15
Lot size
0.23 Acres
Property subtype
Commercial
Zoning
C, Commercial
Occupancy
100%
Additional Details
Asking Price
$400,000
Office Units
1
Currently Operating
Yes
Property Use
Medical Office
Medical Specialty
optometry
Taxes and HOA fees
Annual Taxes
$10,374
Building Details
Building Size
2,244 SF
Year Built
1950
Buildings
1
Stories
1
Tenancy
Single
Parking Ratio
7 per 1,000 SF
Owner Occupied
Yes
Abandoned
No
Listing Agency:
Home With Us Realty Group, LLC
Listed By:
Jason Klink · License #10401298650
(315) 677-7062
Source:
Crownjulesrealty
Added: May 19
Changed: Oct 23
Last Checked: Oct 23 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home With Us Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 2,244-square-foot medical office property has a single-level layout with reception and optical retail areas, equipped examination rooms, private offices, and a laboratory. Built in 1950, the building received a replacement roof in 2024. The 0.23-acre site includes 15 on-site parking spaces and is zoned C, Commercial.
An optometry practice has operated at this location for 29 years and currently occupies the building. The practice is offered separately from the real estate.
An optometry practice has operated at this location for 29 years and currently occupies the building. The practice is offered separately from the real estate.
Key Highlights
- 2,244‑square‑foot medical office building
- Single‑level layout with reception, optical retail, equipped exam rooms, private offices, and a laboratory
- 0.23‑acre site with 15 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,584
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,680
$431.7K
Cap Rate 7%
$308,343
$308.3K
Cap Rate 9%
$239,822
$239.8K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$33.7K $15.00/SF
− Vacancy
−$4.9K −$2.18/SF
EGI
$28.8K $12.83/SF
− OpEx
−$7.2K −$3.21/SF
NOI
$21.6K $9.62/SF
Area
Syracuse, NY
Vacancy
14.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,680
Cap Rate 7%
$308,343
Cap Rate 9%
$239,822
Alternative Uses
Best Use
Office B
$308.3K
$269.8K – $359.7K
NOI $21,584 @ 7.0% cap · market cap 5.40%
Second Best
Healthcare Medical
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$390.0K
$341.2K – $455.0K
NOI $27,299 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13212, NY
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,822
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-level plan pairs patient reception and optical retail areas with exam, office, and laboratory space.
Where is this medical office space located?
The property is located at 105 N Main Street Syracuse, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,244‑square‑foot medical office building; Single‑level layout with reception, optical retail, equipped exam rooms, private offices, and a laboratory; 0.23‑acre site with 15 on‑site parking spaces
