Renovated Flex
For Sale
$1,650,000
314 Lakeside Road, Syracuse, NY 13209
CommercialSale, Syracuse, NY
Property Size13,221 SF
Lot Size0.72 Acres
Price / SF$124.80
Days on Market583
Property Features for 314 Lakeside Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
05
Zoning description
Commercial
Parking
20
Subdivision
Town/Geddes
Lot features
Rectangular, Rectangular Lot
Elementary school district
Solvay
Middle school district
Solvay
High school district
Solvay
Standard status
Active
APN
313289-019-000-0001-018-005-0000
Size
13,221 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Annual Amount
30758
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Building Details
Year built
1974
Floors in Building
1
Flooring type
Vinyl, Concrete, Linoleum
Roof type
Membrane, Rubber
Listing Agency:
Rooftop Realty Group LLC
(315) 944-2198
Listed By:
Andrea Sardo · License #10401316786
(315) 560-3005
Added: Mar 7, 2025
Changed: Sep 16
Last Checked: Oct 11 at 3:06PM
MLS# S1591689
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 flex property contains 13,221 square feet of renovated manufacturing and office space on a 0.7231-acre site. The building dates to 1974 and includes concrete, vinyl, and linoleum flooring, along with natural gas and electric heating systems. A rubber and membrane roof and public sewer service are in place.
The property is 100% leased and positioned just off 690 within a commercial park. The site includes ample parking, while the address is 314 Lakeside Road in Syracuse, New York. Zoning is designated as 05.
The property is 100% leased and positioned just off 690 within a commercial park. The site includes ample parking, while the address is 314 Lakeside Road in Syracuse, New York. Zoning is designated as 05.
Key Highlights
- 13,221 square feet of renovated manufacturing and office space
- 100% leased commercial property
- 0.7231‑acre site with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,169
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,543,380
$2.5M
Cap Rate 7%
$1,816,700
$1.8M
Cap Rate 9%
$1,412,989
$1.4M
Market Conditions
NOI Build-Up for 13,221 SF
Gross rent
$198.3K $15.00/SF
− Vacancy
−$28.8K −$2.18/SF
EGI
$169.6K $12.83/SF
− OpEx
−$42.4K −$3.21/SF
NOI
$127.2K $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%
$2,543,380
Cap Rate 7%
$1,816,700
Cap Rate 9%
$1,412,989
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 authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13209, NY
13,018
Population
6,374
Households
2
Avg Household Size
43
Median Age
29%
College-Educated
92%
High-School Grad
13.1 sq mi
ZIP Area
994
Density / Sq Mi
$67,307
Median Household Income
$44,812
Median Earnings
$968
Median Rent
$146,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Syracuse, NY
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Similar Off Market Nearby
- Sodexo — 100 Osceola Rd, Syracuse, NY 13209
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased commercial property combines manufacturing and office improvements in a park near 690.
Where is this flex space located?
The property is located at 314 Lakeside Road Syracuse, 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: 13,221 square feet of renovated manufacturing and office space; 100% leased commercial property; 0.7231‑acre site with ample parking
