Class A Office Building with
251 Salina Meadows Parkway Syracuse, NY 13212
For Sale
Contact for pricing
Institutional-quality two-story office building in a five-building suburban office park, offering dual entrances and a full-service elevator.
Property Size65,617 SF
Lot Size5.02 Acres
Price / SF$121.16
Days on Market80
Property Features for 251 Salina Meadows Parkway
General Information
- Standard status
- Active
- Size
- 65,617 SF
- Lot size
- 5.02 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1990
Listing Agency:
CBRE - Syracuse
(315) 422-4200
Listed By:
Bill Anninos · License #NY 30AN0998974
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 23 at 6:36AM
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 CBRE - Syracuse
Investment Insights
Based on property information with market context.
This two-story, Class A office building totals approximately 65,617± SF on a 5.02-acre parcel within Salina Meadows, a five-building suburban office park. The property is approximately 86% leased and features recent capital improvements, including newly renovated lobbies with modern, upscale finishes and furnishings. Internally, the building is designed for straightforward access with dual entrances, prominent common areas, and a full-service elevator.
Salina Meadows is described as being just north of Syracuse in the Town of Salina. The office park setting includes five buildings, positioning the property within a dedicated suburban business environment.
With its dual-entrance layout, institutional common areas, and elevator service, the building offers a practical configuration for day-to-day office operations and tenant occupancy.
Salina Meadows is described as being just north of Syracuse in the Town of Salina. The office park setting includes five buildings, positioning the property within a dedicated suburban business environment.
With its dual-entrance layout, institutional common areas, and elevator service, the building offers a practical configuration for day-to-day office operations and tenant occupancy.
Key Highlights
- Two‑story 65,617± SF Class A office building on a 5.02‑acre parcel
- Built in 1990 and located in Salina Meadows, a five‑building suburban office park just north of Syracuse (Town of Salina)
- Approximately 86% leased
Financial Insights For Office B
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 | $984.3k | $15.00 |
| − Vacancy | −$142.7k | −$2.18 |
| EGI | $841.5k | $12.83 |
| − OpEx | −$210.4k | −$3.21 |
| NOI | $631.2k | $9.62 |
65,617 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.02M
$7.89M – $10.52M
NOI $631,154 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.40M
$9.98M – $13.30M
NOI $798,239 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Optanix
(Bike/Boat/Book/etc) Store
Medbest Medical Management ...
Business Management Consultant
Dr. Aruinder J. ...
Physician
The Hanover Insurance Group ...
Financial Advisor
ShoreGroup Solutions
Telecommunications Service
FAQs
What type of property is this?
Office building - Institutional-quality two-story office building in a five-building suburban office park, offering dual entrances and a full-service elevator.
Where is this office building located?
The property is located at 251 Salina Meadows Parkway Syracuse, NY.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Two‑story 65,617± SF Class A office building on a 5.02‑acre parcel; Built in 1990 and located in Salina Meadows, a five‑building suburban office park just north of Syracuse (Town of Salina); Approximately 86% leased
