Flex Warehouse with Garage
129 Fairview Ave Syracuse, NY 13203
For Sale
$159,900
Flex warehouse offering interior office space, bathroom, and laundry-ready setup with room for multiple cars inside.
Property Size2,576 SF
Price / SF$62.07
Days on Market503
Property Features for 129 Fairview Ave
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Property subtype
- Office
Building Details
- Year Built
- 1915
Listing Agency:
Coldwell Banker Prime Prop,Inc
(315) 214-2277
Listed By:
Slavik Kaskov
(315) 214-2277
Source:
Xome
Added: Mar 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:05AM
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 Coldwell Banker Prime Prop,Inc
Investment Insights
Based on property information with market context.
This flexible warehouse property has been used in the past as an auto repair facility and a warehouse. The interior is described as in excellent condition, with space for up to two offices, a small kitchen, a full bathroom, and a laundry-ready setup. Interior garages have been painted, with walls and floors prepared for an incoming business, and the layout can accommodate approximately 6–8 cars inside depending on their size.
The property is located near the Teall Ave exit with easy highway access. There are approximately six parking spaces available out front.
For buyers seeking a straightforward flex configuration, the existing interior build-out supports both office needs and warehouse/garage operations within the same enclosed space.
The property is located near the Teall Ave exit with easy highway access. There are approximately six parking spaces available out front.
For buyers seeking a straightforward flex configuration, the existing interior build-out supports both office needs and warehouse/garage operations within the same enclosed space.
Key Highlights
- 1915‑built flex property formerly used as an auto repair facility and warehouse, offering multiple possible uses
- Interior includes space for 2 offices, a small kitchen, a full bathroom, and a laundry‑ready setup
- Parking: 6 on‑site spaces, plus garage space inside that can fit 6–8 cars depending on size
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 | $17.6k | $6.84 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $16.4k | $6.37 |
| − OpEx | −$2.5k | −$0.96 |
| NOI | $13.9k | $5.41 |
2,576 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 15.50%
Second Best
Flex RnD
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 14.61%
Theoretical Best
Office A
$447.7K
$391.7K – $522.3K
NOI $31,337 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Karen's Catering of Syracuse — 770 James St, Syracuse, NY 13203
FAQs
What type of property is this?
Flex space - Flex warehouse offering interior office space, bathroom, and laundry-ready setup with room for multiple cars inside.
Where is this flex space located?
The property is located at 129 Fairview Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1915‑built flex property formerly used as an auto repair facility and warehouse, offering multiple possible uses; Interior includes space for 2 offices, a small kitchen, a full bathroom, and a laundry‑ready setup; Parking: 6 on‑site spaces, plus garage space inside that can fit 6–8 cars depending on size
