Flex Investment Property For
For Sale
Contact for pricing
6085 Old Ct St, Syracuse, NY
42,000 SF flex space on 4.35 acres, 100% occupied.
Property Size42,000 SF
Lot Size30.10 Acres
Price / SF$69.05
Days on Market453
Property Features for 6085 Old Ct St
General Information
Standard status
Active
Size
42,000 SF
Lot size
30.10 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Sutton Real Estate Company - Corporate
(315) 391-3409
Listed By:
Karen Cannata-LaRocca · License #NY 10401245087
(315) 391-3409
Source:
Moodyscre
Added: May 13, 2025
Changed: Jul 6
Last Checked: Aug 8 at 12:53PM
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 Sutton Real Estate Company - Corporate
Investment Insights
Based on property information with market context.
This 42,000 square foot flex investment property is situated on 4.35 acres. The building, originally constructed by General Electric, is currently 100% occupied. It features a sprinkler system, heating, and air conditioning throughout. The property includes five 12-foot overhead doors. Electrical capacity is supported by 800 to 1,600 amps and 3-phase power. Parking is available in a free open lot.
Key Highlights
- 100% occupied investment property
- 42,000 +/- sf flex space
- Situated on a 4.35 acre lot
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
$187,220
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
6.46%
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%
$3,744,400
$3.7M
Cap Rate 7%
$2,674,571
$2.7M
Cap Rate 9%
$2,080,222
$2.1M
Market Conditions
NOI Build-Up for 42,000 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
$287.3K $6.84/SF
− Vacancy
−$19.8K −$0.47/SF
EGI
$267.5K $6.37/SF
− OpEx
−$80.2K −$1.91/SF
NOI
$187.2K $4.46/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /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%
$3,744,400
Cap Rate 7%
$2,674,571
Cap Rate 9%
$2,080,222
Alternative Uses
Best Use
Flex RnD
$5.44M
$4.76M – $6.35M
NOI $380,835 @ 7.0% cap · market cap 13.13%
Second Best
Industrial
$2.67M
$2.34M – $3.12M
NOI $187,220 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$7.30M
$6.39M – $8.52M
NOI $510,935 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
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.
Frequently Asked Questions
What type of property is this?
Flex space - 42,000 SF flex space on 4.35 acres, 100% occupied.
Where is this flex space located?
The property is located at 6085 Old Ct St Syracuse, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 100% occupied investment property; 42,000 +/- sf flex space; Situated on a 4.35 acre lot
