Office-Front Flex
For Sale
$525,000
1200 Burnet Avenue, Syracuse, NY 13203
Client-facing offices sit alongside a rear work area, covered dock access, and on-site parking.
Property Size10,097 SF
Price / SF$51
Days on Market232
Property Features for 1200 Burnet Avenue
General Information
Standard status
Active
Size
10,097 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
MX-3, Commercial
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,465
Building Details
Building Size
10,097 SF
Year Built
1945
Buildings
1
Stories
1
Listed By:
Heidi Westcott
(315) 796-9034
Source:
Deeprootedrealty
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 Heidi Westcott
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Investment Insights
Based on property information with market context.
Built in 1945, this 10,097-square-foot flex property combines office space at the front with a larger work area behind it. The rear area has 12' clearance and two covered dock doors, while on-site parking serves the property. Zoning is MX-3, Commercial.
The property is at 1200 Burnet Avenue in Syracuse, with access to I-690 East and West exits and on-ramps on Teall Avenue.
The property is at 1200 Burnet Avenue in Syracuse, with access to I-690 East and West exits and on-ramps on Teall Avenue.
Key Highlights
- 10,097‑square‑foot flex property
- Front office area paired with rear flex space
- 12' clearance in the rear work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,009
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,180
$900.2K
Cap Rate 7%
$642,986
$643.0K
Cap Rate 9%
$500,100
$500.1K
Market Conditions
NOI Build-Up for 10,097 SF
Gross rent
$69.1K $6.84/SF
− Vacancy
−$4.8K −$0.47/SF
EGI
$64.3K $6.37/SF
− OpEx
−$19.3K −$1.91/SF
NOI
$45.0K $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 Rate 5%
$900,180
Cap Rate 7%
$642,986
Cap Rate 9%
$500,100
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.14M – $1.53M
NOI $91,555 @ 7.0% cap · market cap 17.44%
Second Best
Industrial
$643.0K
$562.6K – $750.2K
NOI $45,009 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,831 @ 7.0% cap · market cap 23.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13203, NY
16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Flex space - Client-facing offices sit alongside a rear work area, covered dock access, and on-site parking.
Where is this flex space located?
The property is located at 1200 Burnet Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 10,097‑square‑foot flex property; Front office area paired with rear flex space; 12' clearance in the rear work area
