Commercial Kitchen Bakery
New
For Sale
$159,900
311 Nottingham Rd, Syracuse, NY 13210
Established bakery operation with a fully equipped commercial kitchen and transferable lease.
Property Size1,179 SF
Price / SF$135.62
Days on Market3
Property Features for 311 Nottingham Rd
General Information
Standard status
Active
Size
1,179 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1955
Listing Agency:
Hunt Real Estate ERA
Listed By:
Stephen Schmitt · License ##10301221875
(315) 457-7170
Source:
Rooftoprealtygroup
Added: Sep 18
Last Checked: Sep 19 at 10:17AM
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
This established bakery operation combines a fully equipped commercial kitchen with a menu of scratch-made European-inspired pastries, breads, and savory items. The business began in 2020 and includes proprietary recipes, established supplier relationships, and an active operating platform. The associated building dates to 1955.
The sale includes a transferable lease, allowing a new operator to continue the existing bakery business under the current occupancy arrangement. Financial information is available to qualified buyers who execute a signed NDA.
The sale includes a transferable lease, allowing a new operator to continue the existing bakery business under the current occupancy arrangement. Financial information is available to qualified buyers who execute a signed NDA.
Key Highlights
- Established bakery operation launched in 2020
- Fully equipped commercial kitchen included
- Scratch‑made European‑inspired pastries, breads, and savory items
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
$11,715
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
7.33%
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%
$234,300
$234.3K
Cap Rate 7%
$167,357
$167.4K
Cap Rate 9%
$130,167
$130.2K
Market Conditions
NOI Build-Up for 1,179 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
$16.3K $13.80/SF
− Vacancy
−$651 −$0.55/SF
EGI
$15.6K $13.25/SF
− OpEx
−$3.9K −$3.31/SF
NOI
$11.7K $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 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%
$234,300
Cap Rate 7%
$167,357
Cap Rate 9%
$130,167
Alternative Uses
Best Use
Specialty Retail
$167.4K
$146.4K – $195.3K
NOI $11,715 @ 7.0% cap · market cap 7.33%
Second Best
Retail
$149.1K
$130.5K – $173.9K
NOI $10,436 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 34%
Dining 12%
Home Improvements & Furnishings 7%
Tops Friendly Markets
Groceries
25,419 visits/mo
0.5 miles
Speedway
Shops & Services
15,641 visits/mo
0.1 miles
Bruegger's
Dining
4,364 visits/mo
0.1 miles
Salt City Hardware
Home Improvements & Furnishings
3,666 visits/mo
0.1 miles
KeyBank
Shops & Services
2,420 visits/mo
0.1 miles
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
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
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Established bakery operation with a fully equipped commercial kitchen and transferable lease.
Where is this commercial kitchen located?
The property is located at 311 Nottingham Rd Syracuse, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Established bakery operation launched in 2020; Fully equipped commercial kitchen included; Scratch‑made European‑inspired pastries, breads, and savory items
