Stand-Alone Industrial
For Sale
Contact for pricing
5081 Whirlybird Ln, East Syracuse, NY 13057
Stand-alone industrial building with multiple loading docks, drive-in door, and public utilities.
Property Size17,098 SF
Price / SF$140.37
Days on Market1156
Property Features for 5081 Whirlybird Ln
General Information
Standard status
Active
Size
17,098 SF
Property subtype
INDUSTRIAL
Listing Agency:
Hunt Commercial - Syracuse
(315) 457-7170
Listed By:
Stephen Schmitt · License #10301218985
(315) 457-7170
Source:
Moodyscre
Added: Jun 12, 2023
Changed: Jul 30
Last Checked: Jul 30 at 9:29PM
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 Hunt Commercial - Syracuse
Investment Insights
Based on property information with market context.
This stand-alone industrial building offers clear-span warehouse space with ceiling heights of 22' at the edges. The clear span totals 10,658 sf, and the back two spaces provide additional warehouse areas totaling 6,900 sf +/- with ceiling heights of 19' and 13'. There are three loading docks and one 14' drive-in door to support efficient receiving and distribution.
Power is available as 3-phase service, including 277/480 in the 10,658 sf space and 3-phase 120/208 in the rear of the building. The back two spaces were built in 1960, while the front space was built in 1997. Public utilities are provided, and the building includes 150 sf of office along with 16,948 sf of industrial space.
With dedicated dock and drive-in access and a mix of warehouse areas, the layout can support a range of industrial users that need straightforward loading operations and flexible interior height profiles.
Power is available as 3-phase service, including 277/480 in the 10,658 sf space and 3-phase 120/208 in the rear of the building. The back two spaces were built in 1960, while the front space was built in 1997. Public utilities are provided, and the building includes 150 sf of office along with 16,948 sf of industrial space.
With dedicated dock and drive-in access and a mix of warehouse areas, the layout can support a range of industrial users that need straightforward loading operations and flexible interior height profiles.
Key Highlights
- 22' ceiling heights at the edges over a 10,658 sf clear‑span area
- Back spaces provide 6,900 sf +/- total with 19' and 13' heights
- Three loading docks plus one 14' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,225
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,500
$1.9M
Cap Rate 7%
$1,331,786
$1.3M
Cap Rate 9%
$1,035,833
$1.0M
Market Conditions
NOI Build-Up for 17,098 SF
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.
Gross rent
$117.8K $6.89/SF
− Vacancy
−$8.1K −$0.48/SF
EGI
$109.7K $6.41/SF
− OpEx
−$16.5K −$0.96/SF
NOI
$93.2K $5.45/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,500
Cap Rate 7%
$1,331,786
Cap Rate 9%
$1,035,833
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,225 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,999 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Whirlybird Storage Units — 5081 Whirlybird Ln 1st floor, East Syracuse, NY 13057
- USA Self Storage — 339 W 2nd St, East Syracuse, NY 13057
- Nearby Self Storage Units — 3409 Erie Blvd E, Syracuse, NY 13214
- SecureScan — 3 Chevy Dr, East Syracuse, NY 13057
- Detail Johnny LLC — 101 Johnson St, East Syracuse, NY 13057
Frequently Asked Questions
What type of property is this?
Warehouse - Stand-alone industrial building with multiple loading docks, drive-in door, and public utilities.
Where is this warehouse located?
The property is located at 5081 Whirlybird Ln East Syracuse, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 22' ceiling heights at the edges over a 10,658 sf clear‑span area; Back spaces provide 6,900 sf +/- total with 19' and 13' heights; Three loading docks plus one 14' drive‑in door
