Automotive Commercial Opportunity on
For Sale
$350,000
1100 Erie Boulevard W, Syracuse, NY 13204
Versatile automotive commercial property with excellent visibility and ample parking.
Property Size1,952 SF
Days on Market97
Property Features for 1100 Erie Boulevard W
General Information
Standard status
Active
Size
1,952 SF
Total Parking Spaces
35
Property subtype
Commercial
Zoning
IN, Business
Taxes and HOA fees
Annual Taxes
$4,295
Building Details
Building Size
1,952 SF
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Hunt Real Estate ERA
(315) 682-7197
Listed By:
Matthew Salvagno
(315) 682-7197
Source:
Northstarwny
Added: May 20
Changed: Aug 23
Last Checked: Aug 23 at 10:13AM
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
The property at 1100 Erie Blvd W is a versatile automotive commercial opportunity suitable for service, repair, fleet operations, or vehicle sales. It features a functional shop layout with an approximate overhead door clearance of 12 feet 6 inches, accommodating larger vehicles, vans, trucks, and commercial equipment. The interior includes dedicated office space, a customer waiting area, and a separate parts room located off the service bay area. The site provides ample on-site parking with an owner-estimated capacity for approximately 35 vehicles, suitable for inventory storage, customer parking, fleet use, or outdoor display. The current NYS Inspection License is active and transferable. The property has excellent visibility along Erie Blvd W, providing strong exposure for automotive sales or service businesses, with convenient access to major roadways and surrounding commercial corridors. The bike score is 50, indicating it is bikeable. The walk score is 44, indicating car-dependent surroundings, and the transit score is 35, indicating some transit options.
Key Highlights
- Functional shop layout with ~12’6” overhead door clearance, accommodating larger vehicles.
- Ample on‑site parking with capacity for approximately 35 vehicles.
- Active and transferable NYS Inspection License.
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
$17,279
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
4.94%
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%
$345,580
$345.6K
Cap Rate 7%
$246,843
$246.8K
Cap Rate 9%
$191,989
$192.0K
Market Conditions
NOI Build-Up for 1,952 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
$25.8K $13.20/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$24.7K $12.65/SF
− OpEx
−$7.4K −$3.79/SF
NOI
$17.3K $8.85/SF
Area
Syracuse, NY
Vacancy
4.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$345,580
Cap Rate 7%
$246,843
Cap Rate 9%
$191,989
Alternative Uses
Best Use
Retail
$246.8K
$216.0K – $288.0K
NOI $17,279 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,746 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Groceries 28%
Byrne Dairy
Shops & Services
22,855 visits/mo
0.3 miles
Aldi
Groceries
18,048 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,049 visits/mo
0.5 miles
Dollar General
Shops & Services
4,853 visits/mo
0.5 miles
KeyBank
Shops & Services
2,244 visits/mo
0.3 miles
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Retail in Syracuse, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Versatile automotive commercial property with excellent visibility and ample parking.
Where is this automotive property located?
The property is located at 1100 Erie Boulevard W Syracuse, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Functional shop layout with ~12’6” overhead door clearance, accommodating larger vehicles.; Ample on‑site parking with capacity for approximately 35 vehicles.; Active and transferable NYS Inspection License.
