Stand Alone Industrial
For Sale
$2,400,000
5081 Whirlybird Lane, East Syracuse, NY 13057
Industrial building featuring loading docks and drive-in door.
Property Size17,098 SF
Price / SF$140.37
Days on Market262
Property Features for 5081 Whirlybird Lane
General Information
Standard status
Active
Size
17,098 SF
Property subtype
Industrial
Building Details
Building Size
17,098 SF
Year Built
1960
Listing Agency:
Hunt Real Estate ERA
(315) 457-7170
Listed By:
Stephen Schmitt · License #NY #10301221875
(315) 457-7170
Source:
Huntcommercial
Added: Nov 21, 2025
Changed: Aug 9
Last Checked: Aug 10 at 3:28AM
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.
This stand-alone industrial building is available for sale. The property features ceiling heights of 22 feet at the edges within a 10,658 square foot clear span area. The back two spaces offer ceiling heights of 19 feet and 13 feet, totaling approximately 6,900 square feet. The building includes three loading docks and one 14-foot drive-in door, with public utilities available. The front space has 3-phase (277/480) power, while the rear of the building has 3-phase (120/208) power. Constructed in 1960, the back two spaces contrast with the front space, which was built in 1997. The building comprises 150 square feet of office space and 16,948 square feet of industrial space, for a total property size of 17,098 square feet.
Key Highlights
- Stand alone industrial building with 16,948 sf of industrial space.
- Clear span ceiling heights of 22'** in the 10,658 sf front space.
- 3 loading docks and 1‑14' drive‑in door** for convenient access.
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
$93,225
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
3.88%
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%
$1,864,500
$1.9M
Cap Rate 7%
$1,331,786
$1.3M
Cap Rate 9%
$1,035,833
$1.0M
Market Conditions
NOI Build-Up for 17,098 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
$117.8K $6.89/SF
− Vacancy
−$8.1K −$0.48/SF
EGI
$109.7K $6.41/SF
− OpEx
−$16.5K −$0.96/SF
NOI
$93.2K $5.45/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /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%
$1,864,500
Cap Rate 7%
$1,331,786
Cap Rate 9%
$1,035,833
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,225 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$1.10M
$959.7K – $1.28M
NOI $76,774 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,999 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Whirlybird Storage Units — 5081 Whirlybird Ln 1st floor, East Syracuse, NY 13057
- USA Self Storage — 339 W 2nd St, East Syracuse, NY 13057
- Nearby Self Storage Units — 3409 Erie Blvd E, Syracuse, NY 13214
- SecureScan — 3 Chevy Dr, East Syracuse, NY 13057
- Detail Johnny LLC — 101 Johnson St, East Syracuse, NY 13057
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building featuring loading docks and drive-in door.
Where is this warehouse located?
The property is located at 5081 Whirlybird Lane East Syracuse, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Stand alone industrial building with 16,948 sf of industrial space.; Clear span ceiling heights of 22'** in the 10,658 sf front space.; 3 loading docks and 1‑14' drive‑in door** for convenient access.
