Flex and Industrial Office
200 Gateway Park Dr Syracuse, NY 13212
For Sale
Contact for pricing
Multi-building flex and industrial property with shared and private office suites and ample surface parking.
Property Size20,000 SF
Price / SF$84.75
Days on Market154
Property Features for 200 Gateway Park Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1987
Listing Agency:
Ward Asset Management
(315) 415-6030
Listed By:
Asher Bitz · License #10401393005
Source:
Crexi
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 23 at 5:54AM
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.
A nearly 20,000-square-foot Class B flex and industrial property available for sale, arranged across three standalone but neighboring buildings. The offering includes more than 100 rooms and two conference rooms, along with a mix of shared and private office suites designed for flexible occupancy.
The buildings include ample surface parking. The property also features multiple established tenants, offering income-producing potential with configurations that can accommodate change over time.
For buyers or investors seeking a combined office-and-flex setup, this property provides a campus-style arrangement with several suite options within multiple neighboring structures.
The buildings include ample surface parking. The property also features multiple established tenants, offering income-producing potential with configurations that can accommodate change over time.
For buyers or investors seeking a combined office-and-flex setup, this property provides a campus-style arrangement with several suite options within multiple neighboring structures.
Key Highlights
- Nearly 20,000 SF of Class B flex and industrial space in Syracuse, NY
- Three standalone but neighboring buildings totaling 100+ rooms
- Two conference rooms plus shared and private office suite configurations
Financial Insights For Warehouse
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 | $136.8k | $6.84 |
| − Vacancy | −$9.4k | −$0.47 |
| EGI | $127.4k | $6.37 |
| − OpEx | −$19.1k | −$0.96 |
| NOI | $108.3k | $5.41 |
20,000 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.75M
$2.40M – $3.21M
NOI $192,375 @ 7.0% cap · market cap 11.35%
Second Best
Flex RnD
$2.59M
$2.27M – $3.02M
NOI $181,350 @ 7.0% cap · market cap 10.70%
Theoretical Best
Office A
$3.48M
$3.04M – $4.06M
NOI $243,302 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edison Electricians of Syracuse
Electrical Service
D & M Litigation ...
Law Firm
New York & Bermuda ...
Charitable Organization
Kristine Mims
Physician
Church World Services ...
Charitable Organization
FAQs
What type of property is this?
Flex space - Multi-building flex and industrial property with shared and private office suites and ample surface parking.
Where is this flex space located?
The property is located at 200 Gateway Park Dr 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: Nearly 20,000 SF of Class B flex and industrial space in Syracuse, NY; Three standalone but neighboring buildings totaling 100+ rooms; Two conference rooms plus shared and private office suite configurations
