One-Story Medical Office
5792 Widewaters Parkway Syracuse, NY 13214
For Sale
Contact for pricing
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 Market79
Property Features for 5792 Widewaters Parkway
General Information
- Standard status
- Active
- Size
- 29,432 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing Agency:
Jacobson Properties
Listed By:
Lisa Menin · License #NY 31ME0642655
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 23 at 11:10AM
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Boston IVF
Medical Clinic
Ms. Amy Alton-Primrose
Physician
Childrens Eyecare
Ophthalmologist
Stephen G. Spitzer, ...
Ophthalmologist
Eye Consultants of Syracuse
Eye Care Center
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FAQs
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
