Flex Space with Loading
New
For Sale
$365,000
122 Molloy Road East, Syracuse, NY 13211
A split office and warehouse layout pairs customer-facing space with clear-span storage and a raised receiving platform.
Property Size3,520 SF
Price / SF$103.69
Days on Market2
Property Features for 122 Molloy Road East
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Industrial
Building Details
Building Size
3,520 SF
Listing Agency:
Syracuse Office
Listed By:
Christopher Savage, SIOR
(315) 445-8519
Source:
Pyramidbrokerage
Added: Sep 30
Last Checked: Oct 1 at 8:05AM
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 Syracuse Office
Investment Insights
Based on property information with market context.
This 3,520-square-foot flex property combines office and sales-counter space with a larger warehouse area. The current configuration allocates one-third of the building to the office and sales counter, with the remaining two-thirds set up as warehouse. The warehouse is clear span and has 12 feet 10 inches of clearance to the joists. A loading dock platform and scissor lift support pallet handling at truck-bed height.
The building is at 122 Molloy Road East in Syracuse, New York. The current tenant is scheduled to relocate in December 2026.
The building is at 122 Molloy Road East in Syracuse, New York. The current tenant is scheduled to relocate in December 2026.
Key Highlights
- 3,520‑square‑foot flex property
- One‑third office and sales‑counter area; two‑thirds warehouse
- Clear‑span warehouse with 12' 10" clearance to joists
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
$31,918
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
8.74%
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%
$638,360
$638.4K
Cap Rate 7%
$455,971
$456.0K
Cap Rate 9%
$354,644
$354.6K
Market Conditions
NOI Build-Up for 3,520 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
$52.8K $15.00/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$49.1K $13.95/SF
− OpEx
−$17.2K −$4.88/SF
NOI
$31.9K $9.07/SF
Area
Syracuse, NY
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$638,360
Cap Rate 7%
$455,971
Cap Rate 9%
$354,644
Alternative Uses
Best Use
Flex RnD
$456.0K
$399.0K – $532.0K
NOI $31,918 @ 7.0% cap · market cap 8.74%
Second Best
Warehouse
$272.2K
$238.2K – $317.6K
NOI $19,053 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$611.7K
$535.3K – $713.7K
NOI $42,821 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13211, NY
6,382
Population
2,624
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
1,387
Density / Sq Mi
$67,672
Median Household Income
$39,118
Median Earnings
$1,073
Median Rent
$115,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Flex space - A split office and warehouse layout pairs customer-facing space with clear-span storage and a raised receiving platform.
Where is this flex space located?
The property is located at 122 Molloy Road East Syracuse, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 3,520‑square‑foot flex property; One‑third office and sales‑counter area; two‑thirds warehouse; Clear‑span warehouse with 12' 10" clearance to joists
