Renovated Flex Space
314 Lakeside Road Geddes, NY 13209
314 Lakeside Road, Geddes, NY, 13209
$1,650,000
For Sale
$1,650,000
Renovated manufacturing and office space within a commercial park, with ample parking and current 60% occupancy.
Property Size13,221 SF
Price / SF$124.80
Days on Market498
Property Features for 314 Lakeside Road
General Information
- Standard status
- Active
- Size
- 13,221 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1974
Listing agency
Rooftop Realty Group LLC
(315) 560-3005
Listed by
Andrea Sardo · License #10401316786
(315) 560-3005
Source
Exitrealty
Added: Mar 12, 2025 Updated: Jul 22 at 11:26AM Checked: Jul 22 at 11:26AM
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 Rooftop Realty Group LLC
Investment Insights
Based on property information with market context.
This renovated flex space building combines manufacturing and office areas totaling over 13,000 square feet. The property is currently at approximately 60% capacity, creating an income-producing setup while still leaving space for an owner-operator or another tenant need. Ample parking supports convenient day-to-day operations.
The property is located at 314 Lakeside Road in Geddes, NY, just off I-690, within a commercial park setting. Additional spaces within the building are also listed for lease under MLS# S1561838.
For buyers seeking a commercial park asset with both manufacturing and office utility, this offering provides a mix of renovated space and on-site parking, along with a current occupancy baseline and opportunity to align remaining space with future plans.
The property is located at 314 Lakeside Road in Geddes, NY, just off I-690, within a commercial park setting. Additional spaces within the building are also listed for lease under MLS# S1561838.
For buyers seeking a commercial park asset with both manufacturing and office utility, this offering provides a mix of renovated space and on-site parking, along with a current occupancy baseline and opportunity to align remaining space with future plans.
Key Highlights
- 1974‑built commercial property with renovated manufacturing and office space
- Over 13,000 SF total featuring renovated manufacturing and office space
- Located in a commercial park just off 690
Local 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 | $198.3k | $15.00 |
| − Vacancy | −$28.8k | −$2.18 |
| EGI | $169.6k | $12.83 |
| − OpEx | −$42.4k | −$3.21 |
| NOI | $127.2k | $9.62 |
13,221 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,169 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$1.71M
$1.50M – $2.00M
NOI $119,881 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,835 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Sodexo — 100 Osceola Rd, Syracuse, NY 13209
FAQs
What type of property is this?
Flex space - Renovated manufacturing and office space within a commercial park, with ample parking and current 60% occupancy.
Where is this flex space located?
The property is located at 314 Lakeside Road Geddes, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1974‑built commercial property with renovated manufacturing and office space; Over 13,000 SF total featuring renovated manufacturing and office space; Located in a commercial park just off 690
