Syracuse Warehouse with Cooler/Freezer
For Sale
Contact for pricing
116 Lynch St, Syracuse, NY
Centrally located warehouse with cooler/freezer and dock doors.
Property Size2,600 SF
Lot Size0.11 Acres
Price / SF$100
Days on Market301
Property Features for 116 Lynch St
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.11 Acres
Property subtype
INDUSTRIAL
Listing Agency:
JWP Commercial
(315) 415-6030
Listed By:
Joshua W. Podkaminer, SIOR, CCIM
(315) 415-6030
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Jul 6
Last Checked: Aug 8 at 12:20PM
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 JWP Commercial
Investment Insights
Based on property information with market context.
This centrally located warehouse in Syracuse, NY, offers cooler and freezer space. The property features two dock-height doors. It is zoned for commercial use, providing flexibility for various business operations. The building has a size of 2,600 square feet.
Key Highlights
- Commercial Zoning provides great flexibility
- Centrally Located
- Two Dock Height Doors for easy loading and unloading
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
$14,073
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
5.41%
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%
$281,460
$281.5K
Cap Rate 7%
$201,043
$201.0K
Cap Rate 9%
$156,367
$156.4K
Market Conditions
NOI Build-Up for 2,600 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
$17.8K $6.84/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$16.6K $6.37/SF
− OpEx
−$2.5K −$0.96/SF
NOI
$14.1K $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%
$281,460
Cap Rate 7%
$201,043
Cap Rate 9%
$156,367
Alternative Uses
Best Use
Warehouse
$201.0K
$175.9K – $234.6K
NOI $14,073 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$165.6K
$144.9K – $193.2K
NOI $11,590 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Syracuse, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Access Self Storage — 2321 Erie Blvd E, Syracuse, NY 13224
- Your Storage Place — Canal St, Syracuse, NY 13210
- Self-Storage at U-Haul — 1001 Canal St, Syracuse, NY 13210
Frequently Asked Questions
What type of property is this?
Warehouse - Centrally located warehouse with cooler/freezer and dock doors.
Where is this warehouse located?
The property is located at 116 Lynch St Syracuse, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Commercial Zoning provides great flexibility; Centrally Located; Two Dock Height Doors for easy loading and unloading
