Flex Space with Heated Warehouse and Fenced
For Sale
Contact for pricing
559 State Fair Blvd, Syracuse, NY 13204
Flex facility with a heated warehouse, secure fenced outdoor storage, and office space with modern finishes.
Property Size15,800 SF
Lot Size2.40 Acres
Price / SF$56.90
Days on Market180
Property Features for 559 State Fair Blvd
General Information
Standard status
Active
Size
15,800 SF
Lot size
2.40 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,400 SF
Office Build-Out
2,300 SF
Cold Storage
Yes
Amenities
conference room
kitchenette
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 445-1030
Listed By:
Christopher Savage
(315) 857-4417
Source:
Moodyscre
Added: Apr 16
Changed: Oct 12
Last Checked: Oct 11 at 8:19AM
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 - Syracuse
Investment Insights
Based on property information with market context.
The flex facility includes a 6,400± SF heated warehouse with multiple 14’ drive-in doors and 16’ clear heights at peak, plus office space in multiple structures totaling approximately 2,300 SF. The office areas feature modern finishes and a layout that includes private offices, a conference room, and a kitchenette. The property also includes a former fuel silo converted to cold storage, offering 16’ clear heights and a 14’ x 14’ entrance that can support equipment and material storage.
Set on a 2.4-acre site that is fully fenced, the property has three gates along State Fair Blvd. The site offers prominent frontage with 500’+ along State Fair Blvd, which runs parallel to I-690 on one of the busiest sections of the interstate, with 80,000+ AADT. Two billboards are included and are leased. The location is just outside of Syracuse CBD with immediate highway access and is minutes to I-690, I-81, and the NYS Thruway.
Set on a 2.4-acre site that is fully fenced, the property has three gates along State Fair Blvd. The site offers prominent frontage with 500’+ along State Fair Blvd, which runs parallel to I-690 on one of the busiest sections of the interstate, with 80,000+ AADT. Two billboards are included and are leased. The location is just outside of Syracuse CBD with immediate highway access and is minutes to I-690, I-81, and the NYS Thruway.
Key Highlights
- 500’+ frontage on State Fair Blvd parallel to I‑690 with 80,000+ AADT
- 6,400± SF heated warehouse with multiple 14’ drive‑in doors and 16’ clear heights at peak
- 2.4‑acre site fully fenced with three gates along State Fair Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,431
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,620
$1.4M
Cap Rate 7%
$1,006,157
$1.0M
Cap Rate 9%
$782,567
$782.6K
Market Conditions
NOI Build-Up for 15,800 SF
Gross rent
$108.1K $6.84/SF
− Vacancy
−$7.5K −$0.47/SF
EGI
$100.6K $6.37/SF
− OpEx
−$30.2K −$1.91/SF
NOI
$70.4K $4.46/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,620
Cap Rate 7%
$1,006,157
Cap Rate 9%
$782,567
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,976 @ 7.0% cap · market cap 16.91%
Second Best
Flex RnD
$2.05M
$1.79M – $2.39M
NOI $143,267 @ 7.0% cap · market cap 15.94%
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,209 @ 7.0% cap · market cap 21.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Flex space - Flex facility with a heated warehouse, secure fenced outdoor storage, and office space with modern finishes.
Where is this flex space located?
The property is located at 559 State Fair Blvd Syracuse, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 500’+ frontage on State Fair Blvd parallel to I‑690 with 80,000+ AADT; 6,400± SF heated warehouse with multiple 14’ drive‑in doors and 16’ clear heights at peak; 2.4‑acre site fully fenced with three gates along State Fair Blvd
