One-Story Medical Office
For Sale
Contact for pricing
5792 Widewaters Parkway, Syracuse, NY 13214
One-story medical office building with upgraded lobby and suite finishes, offering a vacant move-in-ready space.
Property Size29,432 SF
Price / SF$146.10
Days on Market92
Property Features for 5792 Widewaters Parkway
General Information
Standard status
Active
Size
29,432 SF
Property subtype
Office
Additional Details
Office Units
3
Building Details
Year Built
1986
Stories
1
Tenancy
Multi
Listing Agency:
Jacobson Properties
Listed By:
Lisa Menin · License #NY 31ME0642655
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Aug 5 at 8:09AM
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 Jacobson Properties
Investment Insights
Based on property information with market context.
Widewaters MOB is a one-story medical office building containing 29,432 square feet and housing three tenant spaces. The tenant suites and lobby area feature upgraded finishes and lighting, supporting a professional healthcare setting.
The property includes a vacant space that is in move-in condition, with minimal landlord investment required. Tenant leases provide for annual rental increases and reimbursement of expenses over a base year, supporting established income structure.
With three suites in total, the building offers an opportunity to accommodate existing tenants while positioning the vacant unit for immediate occupancy.
The property includes a vacant space that is in move-in condition, with minimal landlord investment required. Tenant leases provide for annual rental increases and reimbursement of expenses over a base year, supporting established income structure.
With three suites in total, the building offers an opportunity to accommodate existing tenants while positioning the vacant unit for immediate occupancy.
Key Highlights
- One‑story medical office building built in 1986
- 29,432 SF medical office building with 3 tenant spaces
- Upgraded finishes and lighting in tenant suites and lobby area
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 | $441.5k | $15.00 |
| − Vacancy | −$64.0k | −$2.18 |
| EGI | $377.5k | $12.83 |
| − OpEx | −$94.4k | −$3.21 |
| NOI | $283.1k | $9.62 |
29,432 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.04M
$3.54M – $4.72M
NOI $283,099 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$3.92M
$3.43M – $4.57M
NOI $274,424 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$5.11M
$4.48M – $5.97M
NOI $358,044 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13214, NY
9,072
Population
3,417
Households
2.7
Avg Household Size
35
Median Age
52%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
2,592
Density / Sq Mi
$93,200
Median Household Income
$34,909
Median Earnings
$998
Median Rent
$218,900
Median Home Value
Market
Vacancy Rate% for Office in Syracuse, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - One-story medical office building with upgraded lobby and suite finishes, offering a vacant move-in-ready space.
Where is this medical office space located?
The property is located at 5792 Widewaters Parkway Syracuse, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: One‑story medical office building built in 1986; 29,432 SF medical office building with 3 tenant spaces; Upgraded finishes and lighting in tenant suites and lobby area
