Office R&D and Manufacturing
500 E Brighton Ave Syracuse, NY 13210
500 E Brighton Ave, Syracuse, NY, 13210
Contact for pricing
For Sale
Contact for pricing
Fully insulated 10,000 SF facility combines office/R&D with component manufacturing under 13'6" net ceiling height.
Property Size10,000 SF
Price / SF$120
Days on Market110
Property Features for 500 E Brighton Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing agency
Cushman & Wakefield Pyramid Brokerage Company Syracuse
(315) 445-8534
Listed by
Michael Kalet · License #NY 30KA0534709
Source
Crexi
Added: Apr 4 Updated: Jul 21 at 9:33PM Checked: Jul 21 at 9:33PM
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 Cushman & Wakefield Pyramid Brokerage Company Syracuse
Investment Insights
Based on property information with market context.
This facility totals 10,000 SF, featuring 6,000 SF of office (R&D) space and 4,000 SF of component manufacturing. The building is fully insulated and offers 13' 6" net ceiling height. The office/R&D portion includes 10 private offices, a large conference room, and an employee kitchen.
The property is described as having a great service location at the Brighton Avenue Exit of Interstate 81, with an approximate 10-minute drive to Syracuse University and downtown Syracuse.
The property is in great condition. An additional 1.2 acres of land is available from an adjacent owner for potential building expansion, described as allowing the size to be doubled.
The property is described as having a great service location at the Brighton Avenue Exit of Interstate 81, with an approximate 10-minute drive to Syracuse University and downtown Syracuse.
The property is in great condition. An additional 1.2 acres of land is available from an adjacent owner for potential building expansion, described as allowing the size to be doubled.
Key Highlights
- 10,000 SF fully insulated facility built in 1970, combining office/R&D and component manufacturing
- Includes 6,000 SF of office/R&D space and 4,000 SF of component manufacturing space
- 13'6" net ceiling height and large, conference room plus employee kitchen
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 | $150.0k | $15.00 |
| − Vacancy | −$21.8k | −$2.18 |
| EGI | $128.3k | $12.83 |
| − OpEx | −$32.1k | −$3.21 |
| NOI | $96.2k | $9.62 |
10,000 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,188 @ 7.0% cap · market cap 8.02%
Second Best
Flex RnD
$1.30M
$1.13M – $1.51M
NOI $90,675 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,651 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
S2i Smartech Systems, ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Maniltha's Dosa Cart LLC — 571 E Brighton Ave, Syracuse, NY 13210
- ShansSoulDelicious — 3308 S Salina St, Syracuse, NY 13205
- Smoking Sensations BBQ — 274-6271 Bennington Dr #470, Syracuse, NY 13205
FAQs
What type of property is this?
Flex space - Fully insulated 10,000 SF facility combines office/R&D with component manufacturing under 13'6" net ceiling height.
Where is this flex space located?
The property is located at 500 E Brighton Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,000 SF fully insulated facility built in 1970, combining office/R&D and component manufacturing; Includes 6,000 SF of office/R&D space and 4,000 SF of component manufacturing space; 13'6" net ceiling height and large, conference room plus employee kitchen
