Industrial Building with Overhead
For Sale
Contact for pricing
302 Stoutenger St, East Syracuse, NY 13057
Industrial building for sale featuring a 15-by-12 overhead door at grade plus dock-height doors and radiant heat.
Property Size22,500 SF
Lot Size1.11 Acres
Price / SF$60
Days on Market200
Property Features for 302 Stoutenger St
General Information
Standard status
Active
Size
22,500 SF
Lot size
1.11 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1968
Listing Agency:
CBRE | Syracuse
(315) 422-4200
Listed By:
Bill Anninos · License #30AN0998974
(315) 491-3646
Source:
Moodyscre
Added: Feb 25
Changed: Sep 6
Last Checked: Sep 12 at 11:03AM
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 22,500-square-foot industrial building on an 1.11-acre lot was built in 1968 and expanded in 1972. The property includes an overhead door at grade measuring 15 feet by 12 feet, as well as two dock-height doors. The front of the building provides 11,000 square feet with a 16-foot clear ceiling height.
The facility is served by a 600A, 240V, 3-phase electrical service and includes radiant heat. Access is supported by quick routes to the I-690 and I-481 interchange at Bridge Street.
Designed for practical loading and warehouse storage, the building offers both at-grade and dock-height options alongside the noted ceiling height in the front portion of the structure.
The facility is served by a 600A, 240V, 3-phase electrical service and includes radiant heat. Access is supported by quick routes to the I-690 and I-481 interchange at Bridge Street.
Designed for practical loading and warehouse storage, the building offers both at-grade and dock-height options alongside the noted ceiling height in the front portion of the structure.
Key Highlights
- 22,500 SF industrial building for sale on a 1.11‑acre lot
- 1522 x 1222 overhead door at grade, plus 2 dock‑height doors
- 11,000 SF front building area with 1627 clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,453,580
$2.5M
Cap Rate 7%
$1,752,557
$1.8M
Cap Rate 9%
$1,363,100
$1.4M
Market Conditions
NOI Build-Up for 22,500 SF
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.
Gross rent
$155.0K $6.89/SF
− Vacancy
−$10.7K −$0.48/SF
EGI
$144.3K $6.41/SF
− OpEx
−$21.6K −$0.96/SF
NOI
$122.7K $5.45/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,453,580
Cap Rate 7%
$1,752,557
Cap Rate 9%
$1,363,100
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,679 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,715 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building for sale featuring a 15-by-12 overhead door at grade plus dock-height doors and radiant heat.
Where is this warehouse located?
The property is located at 302 Stoutenger St East Syracuse, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 22,500 SF industrial building for sale on a 1.11‑acre lot; 1522 x 1222 overhead door at grade, plus 2 dock‑height doors; 11,000 SF front building area with 1627 clear ceiling height
