Warehouse with Gated
1215 State Fair Blvd, Syracuse, NY 13209
For Sale
New
Contact for pricing
A gated hard-pack yard and two electrically serviced outbuildings complement the main warehouse and office space.
Property Size14,160 SF
Lot Size2.88 Acres
Price / SF$123.59
Days on Market4
Property Features for 1215 State Fair Blvd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Fenced Yard
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Column Spacing
Sprinkler System
Additional Details
Property Use
Building Details
Buildings
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 445-1030
Listed By:
Elaina Pirro
(315) 952-7557
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:25PM
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 - Syracuse
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 14,160+/- SF warehouse and office building on a 2.88+/- acre site, with two additional outbuildings measuring 3,456+/- SF and 1,900+/- SF. The main building has 12,120+/- SF of warehouse space, 26'-28' ceiling heights, in-floor radiant heat, and 20' x 40' column spacing. Loading is served by two truck-height platform docks with 10' x 10' doors and a 14' w x 16' H overhead door. A 2,040+/- SF office area includes a break area, restrooms, two private offices, and open workspace. Updates in the main building include an ESFR sprinkler system installed in 2021 and office improvements completed in 2021/2022.
Most of the site is gated, with hard-pack yard area around the main building. The parking area and curbing were paved or updated in 2021. The outbuildings and main building have electric service, with Solvay electric serving the property. Highway access includes proximity to I-690 and the NYS Thruway (I-90).
Most of the site is gated, with hard-pack yard area around the main building. The parking area and curbing were paved or updated in 2021. The outbuildings and main building have electric service, with Solvay electric serving the property. Highway access includes proximity to I-690 and the NYS Thruway (I-90).
Key Highlights
- 14,160+/- SF warehouse/industrial building on 2.88+/- acre site
- 12,120+/- warehouse with 26'-28' ceiling heights and in‑floor radiant heat
- Two truck‑height platform docks with 10' x 10' doors, plus a 14' w x 16' H overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,646
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,920
$1.5M
Cap Rate 7%
$1,094,943
$1.1M
Cap Rate 9%
$851,622
$851.6K
Market Conditions
NOI Build-Up for 14,160 SF
Gross rent
$96.9K $6.84/SF
− Vacancy
−$6.7K −$0.47/SF
EGI
$90.2K $6.37/SF
− OpEx
−$13.5K −$0.96/SF
NOI
$76.6K $5.41/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,920
Cap Rate 7%
$1,094,943
Cap Rate 9%
$851,622
Alternative Uses
Best Use
Warehouse
$1.09M
$958.1K – $1.28M
NOI $76,646 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,258 @ 7.0% cap · market cap 9.84%
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
Lease Details
28 ft
Clear height
2
Dock-high doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13209, NY
13,018
Population
6,374
Households
2
Avg Household Size
43
Median Age
29%
College-Educated
92%
High-School Grad
13.1 sq mi
ZIP Area
994
Density / Sq Mi
$67,307
Median Household Income
$44,812
Median Earnings
$968
Median Rent
$146,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Syracuse, NY
Properties on Market for Warehouses in Syracuse
Vacancy Rate% for Industrial in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Warehouse - A gated hard-pack yard and two electrically serviced outbuildings complement the main warehouse and office space.
Where is this warehouse located?
The property is located at 1215 State Fair Blvd Syracuse, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14,160+/- SF warehouse/industrial building on 2.88+/- acre site; 12,120+/- warehouse with 26'-28' ceiling heights and in‑floor radiant heat; Two truck‑height platform docks with 10' x 10' doors, plus a 14' w x 16' H overhead door
