Two-Story Mixed-Use
For Sale
$1,400,000
Pending
207 Chapel Drive, Syracuse, NY 13219
CommercialSale, Syracuse, NY
Property Size8,205 SF
Lot Size0.58 Acres
Days on Market159
Property Features for 207 Chapel Drive
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
05
Zoning description
Commercial
Parking
8
Security features
Security
Appliances
Humidifier
Lot features
Rectangular, Rectangular Lot
Elementary school district
West Genesee
Middle school district
West Genesee
High school district
West Genesee
Directions
Onondaga Road, Right on Chapel to 207 Chapel Drive. Property on the corner of Chapel Drive and Shrineview Drive.
Subdivision
Camillus-312089
Standard status
Pending
APN
312089-056-000-0009-010-000-0000
Size
8,205 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Annual Amount
806
Utilities
Heating system
Forced Air, Zoned, Natural Gas
Cooling system
Zoned, Central Air
Water source
Public
Amenities
multiple private office spaces
oversized commercial bathrooms
centrally located conference room
kitchenette
large dry basement
Building Details
Year built
2009
Floors in Building
2
Flooring type
Linoleum, Varies, Hardwood, Vinyl
Building materials
Masonry, WoodSiding
Roof type
Asphalt
Listing Agency:
Arquette & Associates,REALTORS
Listed By:
Dominick A. Talarico · License #10401235475
(315) 446-4100
Added: May 1
Changed: Sep 16
Last Checked: Oct 6 at 9:06PM
MLS# S1674336
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,205-square-foot, two-story mixed-use property was built in 2009 and includes multiple private offices, oversized commercial bathrooms, a central conference room, and a kitchenette on the main level. The second floor contains six bedrooms and bathrooms, while an oversized two-car garage and a large dry basement provide additional functional space. Masonry and wood siding, an asphalt roof, central air, forced-air natural gas heat, and public water serve the building.
The 0.5825-acre lot includes an eight-car parking area and additional outdoor space. Commercial zoning is identified for the property. Interior finishes include linoleum, vinyl, hardwood, and varied flooring, with zoned heating and cooling throughout.
The 0.5825-acre lot includes an eight-car parking area and additional outdoor space. Commercial zoning is identified for the property. Interior finishes include linoleum, vinyl, hardwood, and varied flooring, with zoned heating and cooling throughout.
Key Highlights
- 8,205‑square‑foot, two‑story building on a 0.5825‑acre lot
- Main level includes private offices, conference room, kitchenette, and oversized commercial bathrooms
- Second floor contains 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
Mixed Use
$1.05M
$920.0K – $1.23M
NOI $73,599 @ 7.0% cap · market cap 5.26%
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.
Property Analytics
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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?
Mixed-use property - Combines private offices, conference space, a kitchenette, and upper-level bedroom and bathroom areas.
Where is this mixed-use property located?
The property is located at 207 Chapel Drive 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‑foot, two‑story building on a 0.5825‑acre lot; Main level includes private offices, conference room, kitchenette, and oversized commercial bathrooms; Second floor contains six bedrooms and bathrooms
