3584 Walters Rd, Syracuse, NY
NNN leased investment property with credit tenant, 8+ acres.
- Added:
- Sep 11, 2025
- Days on Market:
- 277
- Last Refresh:
- May 20 at 8:52 pm
Property Features for 3584 Walters Rd
General Information
- Standard status
- Active
- Size
- 32,000 SF
- Lot size
- 109.00 Acres
- Property subtype
- INDUSTRIAL
Listing agent Grazi Zazzara
Listing office Icon Companies - Corporate (315) 299-6292
Listing date Sep 11, 2025
Source Moodyscre
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 Icon Companies - Corporate
HighLights
- NNN Leased investment property with a publicly traded credit tenant.
- Tenant responsible for all expenses and maintenance.
- Highly specialized buildout makes relocation cost‑prohibitive for the tenant.
- Convenient location near I690 and I90.
- Low‑cost electricity provided by Solvay Municipal Electric System.
- Property includes 8+ acres and 23k SF.
Overview
Local Financial Insights For Industrial
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 | $218.9k | $6.84 |
| − Vacancy | −$15.1k | −$0.47 |
| EGI | $203.8k | $6.37 |
| − OpEx | −$61.1k | −$1.91 |
| NOI | $142.6k | $4.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.2621
- Latitude
- 43.1066
