Listing Agency: Real Broker NY LLC Show Phone

Listed By: Rawaa Rashid · License #10401320863 Show Phone

Source: Nicholcityrealty

Added: Oct 30 Last Checked: Oct 30 at 2:49PM

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Investment Insights

Based on property information with market context.

This storefront space features a large display window, a separate room suitable for storage, and a bathroom. The existing configuration also supports potential salon or private office use.

Key Highlights

• Large display window at the storefront
• Separate room suitable for storage
• Bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,235

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,024,700 $1.0M

Cap Rate 7%

$731,929 $731.9K

Cap Rate 9%

$569,278 $569.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,788 SF

Gross rent

$76.4K $13.20/SF

− Vacancy

−$3.2K −$0.55/SF

EGI

$73.2K $12.65/SF

− OpEx

−$22.0K −$3.79/SF

NOI

$51.2K $8.85/SF

Area

Syracuse, NY

Vacancy

4.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,024,700

Cap Rate 7%

$731,929

Cap Rate 9%

$569,278

Alternative Uses

Best Use

Retail

$731.9K

$640.4K – $853.9K (±1% cap)

NOI $51,235 @ 7.0% cap · market cap 3,659.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.01M

$880.2K – $1.17M (±1% cap)

NOI $70,412 @ 7.0% cap · market cap 5,029.43%

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

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop Electrical Service Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

77

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A separate room and bathroom support a range of business configurations.

Where is this storefront property located?

The property is located at 1417 Milton Avenue Geddes, NY.

What are key features of this property?

This property features: Large display window at the storefront; Separate room suitable for storage; Bathroom included