Flex/Industrial Facility with Heavy
1840 Lemoyne Ave Syracuse, NY 13208
For Sale
Contact for pricing
Mid-sized flex/industrial building on 1.45 acres, built in 1943, with masonry construction, sprinklers, and heavy power.
Property Size32,000 SF
Price / SF$50
Days on Market98
Property Features for 1840 Lemoyne Ave
General Information
- Standard status
- Active
- Size
- 32,000 SF
- Property subtype
- Industrial, Office
Listing Agency:
Ward Asset Management
(315) 415-6030
Listed By:
Asher Bitz · License #10401393005
Source:
Crexi
Added: Apr 17
Changed: Jul 22
Last Checked: Jul 22 at 7:54PM
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 Ward Asset Management
Investment Insights
Based on property information with market context.
1840 Lemoyne Ave is a mid-sized flex/industrial facility built in 1943. The property features masonry construction and is equipped with sprinklers and heavy power, supporting a range of industrial and warehouse-related uses for an owner-user or operator. Public listings also describe industrial zoning and position the site as a workable option for investors or redevelopment-minded buyers seeking an immediately usable asset.
The property is located in one of Syracuse’s established industrial corridors, within the Lyncourt/North Syracuse industrial pocket. Marketing materials note immediate access to I-81 and the New York State Thruway, and Syracuse Hancock International Airport is approximately 10 minutes (about 3.9 miles) away.
The offering is described as roughly 31,595 to 34,578 square feet on 1.45 acres, with the facility totaling about 32,000 square feet. Neither project details nor site-specific changes are stated in the materials, but regional transportation and economic developments are referenced as supporting context for industrial demand in Central New York.
The property is located in one of Syracuse’s established industrial corridors, within the Lyncourt/North Syracuse industrial pocket. Marketing materials note immediate access to I-81 and the New York State Thruway, and Syracuse Hancock International Airport is approximately 10 minutes (about 3.9 miles) away.
The offering is described as roughly 31,595 to 34,578 square feet on 1.45 acres, with the facility totaling about 32,000 square feet. Neither project details nor site-specific changes are stated in the materials, but regional transportation and economic developments are referenced as supporting context for industrial demand in Central New York.
Key Highlights
- Mid‑sized flex/industrial facility on 1.45 acres, built in 1943
- Masonry construction with sprinklers and heavy power
- Property size listed at approximately 31,595 to 34,578 SF
Financial Insights For Industrial
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 | $218.9k | $6.84 |
| − Vacancy | −$15.1k | −$0.47 |
| EGI | $203.8k | $6.37 |
| − OpEx | −$61.1k | −$1.91 |
| NOI | $142.6k | $4.46 |
32,000 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$4.15M
$3.63M – $4.84M
NOI $290,160 @ 7.0% cap · market cap 18.14%
Second Best
Warehouse
$2.47M
$2.17M – $2.89M
NOI $173,211 @ 7.0% cap · market cap 10.83%
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,284 @ 7.0% cap · market cap 24.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Inspirationz
Marketing & Advertising
FAQs
What type of property is this?
Flex space - Mid-sized flex/industrial building on 1.45 acres, built in 1943, with masonry construction, sprinklers, and heavy power.
Where is this flex space located?
The property is located at 1840 Lemoyne Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Mid‑sized flex/industrial facility on 1.45 acres, built in 1943; Masonry construction with sprinklers and heavy power; Property size listed at approximately 31,595 to 34,578 SF
