Office Flex Industrial
For Sale
Contact for pricing
200 Gateway Park Dr, North Syracuse, NY 13212
Three-building office/flex complex with grade-level and dock-level access and recent paving and roof improvements.
Property Size18,000 SF
Price / SF$94.17
Days on Market26
Property Features for 200 Gateway Park Dr
General Information
Standard status
Active
Size
18,000 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Construction
Block Construction
Listing Agency:
JWP Commercial
(315) 415-6030
Listed By:
Joshua W. Podkaminer, SIOR, CCIM
(315) 415-6030
Source:
Moodyscre
Added: Jul 6
Changed: Jul 27
Last Checked: Jul 30 at 2:31PM
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 JWP Commercial
Investment Insights
Based on property information with market context.
This is a high-quality three-building office/flex industrial complex with solid block construction and a mix of grade-level and dock-level access. The site has seen recent improvements, including paving and roof work.
The property is positioned in a central location with excellent interstate access. It is also within close proximity to Hancock International Airport and the Micron site in Clay, NY.
The complex is currently described as having solid tenants, supporting its appeal for either an owner/investor or a straight investor seeking stabilized holdings with value-add potential.
The property is positioned in a central location with excellent interstate access. It is also within close proximity to Hancock International Airport and the Micron site in Clay, NY.
The complex is currently described as having solid tenants, supporting its appeal for either an owner/investor or a straight investor seeking stabilized holdings with value-add potential.
Key Highlights
- Three‑building office/flex complex with grade‑level and dock‑level access
- Recent improvements include paving and roof work
- Block construction across the complex
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 | $123.1k | $6.84 |
| − Vacancy | −$8.5k | −$0.47 |
| EGI | $114.6k | $6.37 |
| − OpEx | −$34.4k | −$1.91 |
| NOI | $80.2k | $4.46 |
18,000 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.89M
NOI $173,138 @ 7.0% cap · market cap 10.21%
Second Best
Flex RnD
$2.33M
$2.04M – $2.72M
NOI $163,215 @ 7.0% cap · market cap 9.63%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,972 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13212, NY
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,822
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Three-building office/flex complex with grade-level and dock-level access and recent paving and roof improvements.
Where is this flex space located?
The property is located at 200 Gateway Park Dr North Syracuse, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three‑building office/flex complex with grade‑level and dock‑level access; Recent improvements include paving and roof work; Block construction across the complex
