Flex Property with Heated
3541-3547 State Route 31, Baldwinsville, NY 13027
For Sale
$2,600,000
Two-building commercial property with office, conference, and heated storage space.
Property Size15,000 SF
Price / SF$173.33
Days on Market51
Property Features for 3541-3547 State Route 31
General Information
Standard status
Size
Property subtype
Listing Agency:
CBRE | Syracuse
Listed By:
Cory LaDuke, SIOR · License #Associate Real Estate Broker
(315) 877-3951
Source:
Cbre
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 8 at 5:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a 12,300 SF main building and a separate 2,700 SF heated garage on a 3.9-acre parcel. The main structure provides office space, a conference room, and two garage doors measuring 9’ x 7.5’. The rear building is configured for storage and includes four 10’ x 10’ overhead doors, 14’ clear height, heating, and a private restroom.
The property is located at 3541-3547 State Route 31 in Baldwinsville, within the Town of Clay. NC-1 Neighborhood Commercial zoning applies. The combined buildings total 15,000 SF, offering a mix of office, service, storage, and garage areas within a two-building commercial layout.
The property is located at 3541-3547 State Route 31 in Baldwinsville, within the Town of Clay. NC-1 Neighborhood Commercial zoning applies. The combined buildings total 15,000 SF, offering a mix of office, service, storage, and garage areas within a two-building commercial layout.
Key Highlights
- 12,300 SF main building plus 2,700 SF heated rear garage
- 3.9‑acre property with two commercial buildings
- Rear garage includes four 10’ x 10’ overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,062
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
$3.6M
Cap Rate 7%
$2,586,600
$2.6M
Cap Rate 9%
$2,011,800
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$270.0K $18.00/SF
− Vacancy
−$11.3K −$0.76/SF
EGI
$258.7K $17.24/SF
− OpEx
−$77.6K −$5.17/SF
NOI
$181.1K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
Cap Rate 7%
$2,586,600
Cap Rate 9%
$2,011,800
Alternative Uses
Best Use
Retail
$2.59M
$2.26M – $3.02M
NOI $181,062 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,786 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13027, NY
34,507
Population
15,276
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
515
Density / Sq Mi
$91,369
Median Household Income
$55,805
Median Earnings
$1,258
Median Rent
$226,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Onondaga County, NY
Properties on Market for Flex space in Onondaga County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with office, conference, and heated storage space.
Where is this flex space located?
The property is located at 3541-3547 State Route 31 Baldwinsville, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 12,300 SF main building plus 2,700 SF heated rear garage; 3.9‑acre property with two commercial buildings; Rear garage includes four 10’ x 10’ overhead doors
