Listing Agency: Howard Hanna Real Estate

Listed By: Alex Colin · License #10401355320 Show Phone

Source: Nicholcityrealty

Added: Nov 3 Changed: Nov 4 Last Checked: Nov 3 at 2:34PM

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Investment Insights

Based on property information with market context.

Suite 202 is configured as an open office space with hardwood flooring, neutral-colored walls, overhead lighting, and exposed HVAC ductwork. The layout supports flexible office arrangements within the commercial property.

Key Highlights

• Open office layout
• Hardwood flooring, neutral walls and overhead lighting
• Exposed HVAC ductwork

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$203,436

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,068,720 $4.1M

Cap Rate 7%

$2,906,229 $2.9M

Cap Rate 9%

$2,260,400 $2.3M

What to ask about pricing

Market Conditions

NOI Build-Up for 19,290 SF

Gross rent

$312.5K $16.20/SF

− Vacancy

−$41.2K −$2.14/SF

EGI

$271.2K $14.06/SF

− OpEx

−$67.8K −$3.52/SF

NOI

$203.4K $10.55/SF

Area

Onondaga County, NY

Vacancy

13.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,068,720

Cap Rate 7%

$2,906,229

Cap Rate 9%

$2,260,400

Alternative Uses

Best Use

Office B

$2.91M

$2.54M – $3.39M (±1% cap)

NOI $203,436 @ 7.0% cap · market cap 29,062.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,665 @ 7.0% cap · market cap 33,523.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Infinity Payroll Services ... Accounting Firm National Business Advocates Law Firm Tutoring Tutoring Service Covenant Church Church

Suggested Use

Top Pick Electrical Service HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

630

Businesses Nearby

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

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Hardwood floors and exposed HVAC ductwork define the interior finish.

Where is this office unit located?

The property is located at 36 Oswego Street Suite 202 Lysander, NY.

What are key features of this property?

This property features: Open office layout; Hardwood flooring, neutral walls and overhead lighting; Exposed HVAC ductwork