Eastside Gem with Development
For Sale
$875,000
200 Waring Rd, Syracuse, NY 13224
7-acre property with restaurant, residential, and event potential.
Property Size7,024 SF
Price / SF$124.57
Days on Market333
Property Features for 200 Waring Rd
General Information
Standard status
Active
Size
7,024 SF
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker Prime Prop,Inc
Listed By:
David W. Pridgen
(315) 657-7631
Source:
Skinnercnyrealty
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 7 at 5:30PM
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 Coldwell Banker Prime Prop,Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7-acre property, currently operating as a successful restaurant, presents diverse development opportunities. Situated next to a 9-hole golf course and within walking distance of The Point East Neighborhood, it offers potential for upscale housing. The location is also suitable for hosting special events, with ample parking available. Alternatively, the property could be redeveloped for residential purposes. Located in the Jamesville/DeWitt school district and near Syracuse University, the property includes two parcels and a freestanding three-bedroom home. The property's location and existing infrastructure provide a foundation for various business ventures.
Key Highlights
- 7 acres of land adjacent to a 9‑hole golf course
- Includes a free‑standing three‑bedroom home
- High potential for residential development or upscale housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,790
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,800
$1.4M
Cap Rate 7%
$997,000
$997.0K
Cap Rate 9%
$775,444
$775.4K
Market Conditions
NOI Build-Up for 7,024 SF
Gross rent
$96.9K $13.80/SF
− Vacancy
−$3.9K −$0.55/SF
EGI
$93.1K $13.25/SF
− OpEx
−$23.3K −$3.31/SF
NOI
$69.8K $9.94/SF
Area
Syracuse, NY
Vacancy
4.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,800
Cap Rate 7%
$997,000
Cap Rate 9%
$775,444
Alternative Uses
Best Use
Specialty Retail
$997.0K
$872.4K – $1.16M
NOI $69,790 @ 7.0% cap · market cap 7.98%
Second Best
Retail
$888.2K
$777.2K – $1.04M
NOI $62,176 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,448 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13224, NY
8,705
Population
3,948
Households
2.2
Avg Household Size
40
Median Age
57%
College-Educated
91%
High-School Grad
2.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$81,667
Median Household Income
$50,043
Median Earnings
$1,029
Median Rent
$215,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Restaurant - 7-acre property with restaurant, residential, and event potential.
Where is this restaurant located?
The property is located at 200 Waring Rd Syracuse, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 7 acres of land adjacent to a 9‑hole golf course; Includes a free‑standing three‑bedroom home; High potential for residential development or upscale housing
