Modern Class A Office
For Sale
Contact for pricing
5062 Brittonfield Pkwy, East Syracuse, NY
40,625 SF office building ideal for medical or conventional use.
Property Size40,625 SF
Lot Size4.81 Acres
Price / SF$110.77
Days on Market317
Property Features for 5062 Brittonfield Pkwy
General Information
Standard status
Active
Size
40,625 SF
Lot size
4.81 Acres
Property subtype
OFFICE
Properties For Sale
at 5062 Brittonfield Pkwy Contact us- Floor
- 1
- Size
- 28,000 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- No
Brittonfield Medical Center
- Brittonfield Medical Center is in the process of undergoing conversion from a multi-tenanted...
show more
Contact us
Listing Agency:
CBD Companies
(315) 882-2788
Listed By:
Charles Sangster · License #30AN0998974
Source:
Moodyscre
Added: Sep 26, 2025
Changed: Aug 8
Last Checked: May 19 at 10:53PM
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 CBD Companies
Investment Insights
Based on property information with market context.
This is a 40,625 square foot modern, single-story, professional Class A office building situated on 4.81 acres. It is suitable for medical or conventional office purposes. The property features an efficient and versatile floor plan that can accommodate single or multi-tenant layouts. There are 281 parking spaces available, which translates to a ratio of 7.0 spaces per 1,000 square feet. The building has high visibility and exposure at the corner of Collamer Road (NYS Route 298) and Brittonfield Parkway. It is prominently positioned at the entrance of one of the region’s top locations.
Key Highlights
- Exceptional visibility and exposure at the corner of Collamer Rd (NYS Route 298) and Brittonfield Pkwy
- 40,625 SF modern, single‑story, professional Class A Office building on 4.81 AC
- Abundant parking: 281 spaces (7.0/1,000 SF) well above market ratios
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$365,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,312,040
$7.3M
Cap Rate 7%
$5,222,886
$5.2M
Cap Rate 9%
$4,062,244
$4.1M
Market Conditions
NOI Build-Up for 40,625 SF
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.
Gross rent
$702.0K $17.28/SF
− Vacancy
−$92.7K −$2.28/SF
EGI
$609.3K $15.00/SF
− OpEx
−$243.7K −$6.00/SF
NOI
$365.6K $9.00/SF
Area
Onondaga County, NY
Vacancy
13.20%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,312,040
Cap Rate 7%
$5,222,886
Cap Rate 9%
$4,062,244
Alternative Uses
Best Use
Office B
$6.12M
$5.36M – $7.14M
NOI $428,439 @ 7.0% cap · market cap 9.52%
Second Best
Healthcare Medical
$5.22M
$4.57M – $6.09M
NOI $365,602 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$7.06M
$6.18M – $8.24M
NOI $494,208 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 40,625 SF office building ideal for medical or conventional use.
Where is this office building located?
The property is located at 5062 Brittonfield Pkwy East Syracuse, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Exceptional visibility and exposure at the corner of Collamer Rd (NYS Route 298) and Brittonfield Pkwy; 40,625 SF modern, single‑story, professional Class A Office building on 4.81 AC; Abundant parking: 281 spaces (7.0/1,000 SF) well above market ratios
