Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3649 Erie Blvd East Syracuse Syracuse, NY 13214

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former Sears Auto Center with drive-in doors and service area.

    We can help!

    Listing Contact
    Lila M. Salvetti
    Source: Cushmanwakefield

    Listing Agent: Lila M. Salvetti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Auto Center For Lease

    The property is a former Sears Auto Center, featuring an attractive building with 2 drive-in doors, a large reception area, and a large service area. Situated at the busy, signalized intersection of Widewaters Parkway and Kinne Street, the property benefits from high visibility from both streets. It is located in Syracuse, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Proactiv Automated Kiosk (Bike/Boat/Book/etc) Store Sears Appliance Repair Home Appliance Store Sears Heating and Air ... HVAC Service higi Physician Vortex Fitness Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Penske Truck Rental, Trailer Rental at U-Haul, U-Box at U-Haul, Propane Refill at U-Haul, Truck Rental at U-Haul

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0657479
    Latitude
    43.0385282

    Nearby Similar for Lease

    • $10,000 /Mo
      39,245 SF

      Downtown Syracuse Office Space Available

      Prime downtown Syracuse office space with parking available for lease.
      344 W Genesee St, Syracuse, NY 13202
      View Details
    • $4,900 /Mo
      6,528 SF

      Renovated Warehouse with Flexible Space

      Stand-alone, renovated warehouse with potential for two separate units.
      6263 E Taft Rd, Syracuse, NY 13212
      View Details
    • $2,434 /Mo
      3,650 SF

      Syracuse Retail Space For Rent

      Large retail space on a busy corner, ready for your business.
      910 Park St, Syracuse, NY 13208
      View Details
    • $1,200 /Mo
      500 SF

      Retail Space on Busy Street

      Renovated retail space suitable for various business models.
      1211 Milton Avenue Ext, Syracuse, NY 13204
      View Details
    • $18 SF/Yr
      23,201 SF

      Iconic State Tower Office Space

      Mixed-use property with office, retail, and residential spaces for lease.
      109 South Warren St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      9,068 SF

      Retail Space on Thompson Road

      9,068 SF retail, office, and warehouse space for lease.
      6361 Thompson Rd, Syracuse, NY 13206
      View Details
    • Contact for pricing
      1,140 SF

      Grocery Anchored Retail Space

      Retail space in a grocery-anchored center with strong demographics.
      340 Grant Ave, Syracuse, NY 13207
      View Details
    • Contact for pricing
      9,150 SF

      Grocery Anchored Retail Space

      Retail space in a grocery-anchored center with ample parking.
      101 Shop City Plz, Syracuse, NY 13206
      View Details
    • $180 SF/Yr
      3,000 SF

      Downtown Syracuse Office Space

      Prime 3,000 sq ft Office in Syracuse, NY
      216 Genesee St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      2,904 SF

      Retail Space Near Micron Development

      Retail space available near upcoming Micron Technology mega-complex.
      130 Lea Ln & Swansea Dr, Syracuse, NY
      View Details
    • $15 SF/Yr
      1,000 SF

      Downtown Syracuse Retail Space

      Prime Retail/Office, 1,000 SF Available
      217 Montgomery St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      983 SF

      Retail Space in Community Center

      Retail spaces available within a busy Syracuse community center.
      2102-2214 Genesee St, Syracuse, NY 13202
      View Details

    FAQs

    What type of property is this?
    Automotive property - Former Sears Auto Center with drive-in doors and service area.
    Where is this automotive property located?
    The property is located at 3649 Erie Blvd East Syracuse Syracuse, NY.
    What are key features of this property?
    This property features: - High-visibility location at the busy, signalized intersection of Widewaters Parkway and Kinne Street.; - Former Sears Auto Center, suggesting established use and infrastructure.; - Attractive building suitable for automotive or other retail purposes.
    Request Owner's contact information
    3649 Erie Blvd East Syracuse Syracuse, NY 13214
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3649 Erie Blvd East Syracuse
    Syracuse, NY 13214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3649 Erie Blvd East Syracuse Syracuse, NY 13214
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lila M. Salvetti
    Learn more
    Google sign-in failed. Please try again or use another login method.