120 E Molloy Rd, Syracuse, NY 13211

Building Details

Year Built 1950 More

Buildings 1 More

Stories 1 More

Listing Agency: Bridgeway Commercial Realty | Syracuse Show Phone

Listed By: Chris Suraci · License #10401388748 Show Phone

Source: Moodyscre

Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 2:24PM

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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 Bridgeway Commercial Realty | Syracuse

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Investment Insights

Based on property information with market context.

This freestanding auto garage contains 600 SF in a single-story building constructed in 1950. The space has an overhead vehicle door, a separate man door, floor drains, and additional loft storage. A metal roof and 220-volt electrical service are also in place.

The building sits on a 0.1 +/- acre parcel with a paved driveway and is zoned C-2 Highway Commercial.

Key Highlights

• 600± SF freestanding garage
• 0.1 +/- acre parcel with paved driveway
• Overhead vehicle door and separate man door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,311

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$106,220 $106.2K

Cap Rate 7%

$75,871 $75.9K

Cap Rate 9%

$59,011 $59.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 600 SF

Gross rent

$7.9K $13.20/SF

− Vacancy

−$333 −$0.55/SF

EGI

$7.6K $12.65/SF

− OpEx

−$2.3K −$3.79/SF

NOI

$5.3K $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 Rate 5%

$106,220

Cap Rate 7%

$75,871

Cap Rate 9%

$59,011

Alternative Uses

Best Use

Retail

$75.9K

$66.4K – $88.5K (±1% cap)

NOI $5,311 @ 7.0% cap · market cap 8.93%

Second Best

Industrial

$38.2K

$33.4K – $44.6K (±1% cap)

NOI $2,675 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$104.3K

$91.2K – $121.7K (±1% cap)

NOI $7,299 @ 7.0% cap · market cap 12.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Daycare Center Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

408

Businesses Nearby

47k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Superstores 43% Electronics 3%

Big Lots Superstores

20,289 visits/mo 0.3 miles

Byrne Dairy Shops & Services

16,929 visits/mo 0.1 miles

Dollar General Shops & Services

7,909 visits/mo 0.0 miles

Cricket Wireless Authorized Retailer Electronics

1,278 visits/mo 0.1 miles

Jackson Hewitt Tax Service Shops & Services

924 visits/mo 0.3 miles

Demographics for 13211, NY

6,382

Population

2,624

Households

2.4

Avg Household Size

39

Median Age

15%

College-Educated

91%

High-School Grad

4.6 sq mi

ZIP Area

1,387

Density / Sq Mi

$67,672

Median Household Income

$39,118

Median Earnings

$1,073

Median Rent

$115,700

Median Home Value

Market

Vacancy Rate% for Retail in Syracuse, NY

6.2% 2021

5.9% 2022

6.5% 2023

4.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Atlas Electrical Rebuilders — 1414 Brewerton Rd, Syracuse, NY 13208
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Frequently Asked Questions

What type of property is this?

Auto shop - A compact, single-story garage offers vehicle access, loft storage, and 220-volt electrical service.

Where is this auto shop located?

The property is located at 120 E Molloy Rd Syracuse, NY.

What is the asking price?

The asking price for this property is $59,500.

What are key features of this property?

This property features: 600± SF freestanding garage; 0.1 +/- acre parcel with paved driveway; Overhead vehicle door and separate man door