Flex Building with Warehouse
1914 Teall Ave, Syracuse, NY 13206
For Sale
$395,000
A divided front-and-rear layout pairs customer-facing space with a substantial area for storage or operations.
Property Size5,120 SF
Price / SF$77.15
Days on Market49
Property Features for 1914 Teall Ave
General Information
Standard status
Size
Warehouse & Industrial
Clear Height
Clear Span
Warehouse Space
Drive-In Doors
Three-Phase Power
Additional Details
Road Access
Amenities
kitchenette/break room
half bathrooms
LED lighting
exterior LED lighting
sign pole
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Hunt Real Estate ERA
Listed By:
Dante Belmonte · License NY #10401323828
(315) 794-1522
Source:
Skinnercnyrealty
Added: Sep 26
Changed: Nov 13
Last Checked: Oct 7 at 2:15PM
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 Real Estate ERA
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Investment Insights
Based on property information with market context.
The 5,120-square-foot flex building at 1914 Teall Ave includes a 1,520-square-foot front area and a 2,964-square-foot rear area. Ceiling height is 12 feet, with 10 feet of clear span, and the building has three-phase electrical service. The rear is reached through a 7-foot-8-inch-wide by 7-foot-tall garage door. Two half bathrooms and a kitchenette/break room are also provided.
Recent work includes an EPDM roof installed in August 2026, a rear furnace and plumbing replacement from the slab in 2022, and electrical updates at the panel in 2023. Floors were diamond-ground and coated in 2024; the kitchenette, break room, and both half bathrooms were renovated in 2025. LED lighting was added to the front interior in 2024 and outside in 2023. The garage door opener was replaced with a direct-drive model, and the parking lot was sealed and striped in 2024.
A lighted sign pole at the road can accommodate a large sign. More than 15,000 cars pass by daily. The building was constructed in 1964.
Recent work includes an EPDM roof installed in August 2026, a rear furnace and plumbing replacement from the slab in 2022, and electrical updates at the panel in 2023. Floors were diamond-ground and coated in 2024; the kitchenette, break room, and both half bathrooms were renovated in 2025. LED lighting was added to the front interior in 2024 and outside in 2023. The garage door opener was replaced with a direct-drive model, and the parking lot was sealed and striped in 2024.
A lighted sign pole at the road can accommodate a large sign. More than 15,000 cars pass by daily. The building was constructed in 1964.
Key Highlights
- 5,120 SF flex building with 1,520 SF front area and 2,964 SF rear area
- Rear access through a 7'8" wide by 7' tall garage door
- 12' ceilings, 10' clear span, and 3 phase electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,714
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,280
$554.3K
Cap Rate 7%
$395,914
$395.9K
Cap Rate 9%
$307,933
$307.9K
Market Conditions
NOI Build-Up for 5,120 SF
Gross rent
$35.0K $6.84/SF
− Vacancy
−$2.4K −$0.47/SF
EGI
$32.6K $6.37/SF
− OpEx
−$4.9K −$0.96/SF
NOI
$27.7K $5.41/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,280
Cap Rate 7%
$395,914
Cap Rate 9%
$307,933
Alternative Uses
Best Use
Flex RnD
$663.2K
$580.3K – $773.8K
NOI $46,426 @ 7.0% cap · market cap 11.75%
Second Best
Warehouse
$395.9K
$346.4K – $461.9K
NOI $27,714 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$889.8K
$778.6K – $1.04M
NOI $62,285 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 13206, NY
16,599
Population
8,460
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,049
Density / Sq Mi
$60,314
Median Household Income
$40,429
Median Earnings
$952
Median Rent
$130,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Syracuse, NY
Properties on Market for Flex space in Syracuse
Vacancy Rate% for Industrial in Syracuse, NY
Similar Off Market Nearby
- Shop city catering — 1802 Teall Ave unit 173, Syracuse, NY 13206
Frequently Asked Questions
What type of property is this?
Flex space - A divided front-and-rear layout pairs customer-facing space with a substantial area for storage or operations.
Where is this flex space located?
The property is located at 1914 Teall Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 5,120 SF flex building with 1,520 SF front area and 2,964 SF rear area; Rear access through a 7'8" wide by 7' tall garage door; 12' ceilings, 10' clear span, and 3 phase electrical
