Cross-Dock Truck
For Sale
Contact for pricing
110 Boss Road, Syracuse, NY 13211
Industrial logistics facility with a fenced yard, garage bays, and access to multiple regional highways.
Property Size18,920 SF
Price / SF$70.03
Days on Market40
Property Features for 110 Boss Road
General Information
Standard status
Active
Size
18,920 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Buildings
2
Listing Agency:
CBRE - Syracuse
(315) 422-4200
Listed By:
Ed Kiesa · License #NY 30KI0591061
Source:
Crexi
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 31 at 8:06AM
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 CBRE - Syracuse
Investment Insights
Based on property information with market context.
This truck terminal comprises a 14,630-square-foot cross-dock facility with 36 dock positions, a three-bay garage, and a fenced yard. The improvements support freight transfer, trailer storage, and logistics operations within an industrial setting.
The property is positioned near the New York State Thruway at Exit 35, also known as Carrier Circle. Regional highway connections include Interstate 90, I-690, and I-481, providing access for trucking and distribution activity.
The property is positioned near the New York State Thruway at Exit 35, also known as Carrier Circle. Regional highway connections include Interstate 90, I-690, and I-481, providing access for trucking and distribution activity.
Key Highlights
- 14,630‑square‑foot cross‑dock facility
- 36 cross‑docks for freight transfer operations
- Three‑bay garage included
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
$102,411
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
7.73%
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%
$2,048,220
$2.0M
Cap Rate 7%
$1,463,014
$1.5M
Cap Rate 9%
$1,137,900
$1.1M
Market Conditions
NOI Build-Up for 18,920 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
$129.4K $6.84/SF
− Vacancy
−$8.9K −$0.47/SF
EGI
$120.5K $6.37/SF
− OpEx
−$18.1K −$0.96/SF
NOI
$102.4K $5.41/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
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%
$2,048,220
Cap Rate 7%
$1,463,014
Cap Rate 9%
$1,137,900
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,411 @ 7.0% cap · market cap 7.73%
Second Best
Industrial
$1.20M
$1.05M – $1.41M
NOI $84,338 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,164 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 13211, NY
6,382
Population
2,624
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
1,387
Density / Sq Mi
$67,672
Median Household Income
$39,118
Median Earnings
$1,073
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Industrial in Syracuse, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial logistics facility with a fenced yard, garage bays, and access to multiple regional highways.
Where is this truck terminal located?
The property is located at 110 Boss Road Syracuse, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 14,630‑square‑foot cross‑dock facility; 36 cross‑docks for freight transfer operations; Three‑bay garage included
