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    Warehouse Near Downtown Syracuse Title is generated by Realmo AI

    1207 Erie Blvd E, Syracuse, NY 13210

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    5,595 SF warehouse near downtown, Syracuse University, and hospitals.

    Type:Industrial
    Property size:
    5,595 SF
    Price / SF:
    $75/SF
    Added:
    Mar 5, 2026
    Days on Market:
    122
    Last Refresh:
    Mar 16 at 2:44 pm

    Property Features for 1207 Erie Blvd E

    General Information

    Standard status
    Active
    Size
    5,595 SF
    Property subtype
    Industrial

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    Donald O'Leary

    Listing office Cushman & Wakefield Pyramid Brokerage Company Syracuse

    Listing date Mar 5, 2026

    Source Crexi

    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 Cushman & Wakefield Pyramid Brokerage Company Syracuse

    HighLights

    • Great location near Downtown, Syracuse University, and Hospitals.
    • Easy access to Interstates and suburbs.
    • Clear span of 15’ under joists.
    • 21’ deck height.
    • Broad spacing of joists.

    Overview

    This 5,595 square foot warehouse property features a clear span of 15 feet under the joists and under 21 feet to the deck, with broad joist spacing. The property is located near Downtown Syracuse, Syracuse University, and hospitals, with accessibility to interstates and suburbs.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $38.3k $6.84
    − Vacancy −$2.6k −$0.47
    EGI $35.6k $6.37
    − OpEx −$5.3k −$0.96
    NOI $30.3k $5.41
    5,595 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $432.6K
    $378.6K – $504.8K (±1% cap)
    NOI $30,285 @ 7.0% cap · market cap 7.13%
    Second Best
    Industrial
    $356.3K
    $311.8K – $415.7K (±1% cap)
    NOI $24,940 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    Office A
    $972.3K
    $850.8K – $1.13M (±1% cap)
    NOI $68,064 @ 7.0% cap · market cap 16.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Garden Center Furniture & Home Goods Gym & Fitness Center Nail Salon Discount Store Electrical Service

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

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    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1312113
    Latitude
    43.0508519

    FAQs

    What type of property is this?
    Warehouse - 5,595 SF warehouse near downtown, Syracuse University, and hospitals.
    Where is this warehouse located?
    The property is located at 1207 Erie Blvd E Syracuse, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Great location near Downtown, Syracuse University, and Hospitals.; Easy access to Interstates and suburbs.; Clear span of 15’ under joists.
    More about this property
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