Two-Story Office Building with
For Sale
$1,400,000
Pending
207 Chapel Dr, Syracuse, NY 13219
Commercial zoning and multiple private offices support professional-service use.
Property Size8,205 SF
Days on Market168
Property Features for 207 Chapel Dr
General Information
Standard status
Pending
Size
8,205 SF
Total Parking Spaces
10
Taxes and HOA fees
Annual Taxes
$806
Amenities
conference room
kitchenette
basement
Building Details
Buildings
1
Stories
2
Building Size
8,205 SF
Listing Agency:
Arquette & Associates, REALTORS
Listed By:
Dominick A. Talarico · License #10401235475
(315) 446-4100
Source:
Exprealty
Added: May 1
Changed: Oct 8
Last Checked: Oct 12 at 9:22PM
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 Arquette & Associates, REALTORS
Investment Insights
Based on property information with market context.
This 8,205-square-foot, two-story commercial property combines a professional office layout with additional accommodations on the upper level. The main floor includes multiple private offices, oversized commercial bathrooms, a centrally positioned conference room, and a kitchenette. The second floor contains six bedrooms and bathrooms, providing flexibility for uses identified in the property information, including residential rental income, transitional housing, or extended-stay accommodations. The building is currently zoned commercial and includes an oversized two-car garage plus a large dry basement suitable for long-term storage. An 8-car on-site parking area serves the property, while additional lot area may support parking expansion or future development. The configuration also allows for potential adaptation to medical office, professional services, or corporate headquarters use.
Key Highlights
- 8,205 square feet of commercial space across two stories
- Main floor includes multiple private offices, conference room, kitchenette, and oversized commercial bathrooms
- Second floor features six bedrooms and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,922
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,440
$1.6M
Cap Rate 7%
$1,127,457
$1.1M
Cap Rate 9%
$876,911
$876.9K
Market Conditions
NOI Build-Up for 8,205 SF
Gross rent
$123.1K $15.00/SF
− Vacancy
−$17.8K −$2.18/SF
EGI
$105.2K $12.83/SF
− OpEx
−$26.3K −$3.21/SF
NOI
$78.9K $9.62/SF
Area
Syracuse, NY
Vacancy
14.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,440
Cap Rate 7%
$1,127,457
Cap Rate 9%
$876,911
Alternative Uses
Best Use
Office B
$1.13M
$986.5K – $1.32M
NOI $78,922 @ 7.0% cap · market cap 5.64%
Second Best
Healthcare Medical
$1.09M
$956.3K – $1.28M
NOI $76,503 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,815 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 13219, NY
15,436
Population
6,551
Households
2.4
Avg Household Size
45
Median Age
43%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
3,087
Density / Sq Mi
$81,414
Median Household Income
$52,298
Median Earnings
$1,039
Median Rent
$173,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and multiple private offices support professional-service use.
Where is this office building located?
The property is located at 207 Chapel Dr Syracuse, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8,205 square feet of commercial space across two stories; Main floor includes multiple private offices, conference room, kitchenette, and oversized commercial bathrooms; Second floor features six bedrooms and bathrooms
