Renovated Distribution
For Sale
Contact for pricing
6403 Deere Rd, Syracuse, NY 13206
Partially leased industrial facility with warehouse, distribution, and light manufacturing functionality.
Property Size35,367 SF
Lot Size3.00 Acres
Price / SF$59.38
Days on Market234
Property Features for 6403 Deere Rd
General Information
Standard status
Active
Size
35,367 SF
Class
C
Lot size
3.00 Acres
Property subtype
Industrial
Zoning
Industrial
Warehouse & Industrial
Clear Height
19.42 ft
Dock-High Doors
3
Drive-In Doors
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1940
Year Renovated
2024
Building Size
35,367 SF
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Feb 25
Changed: Oct 12
Last Checked: Oct 16 at 8:17AM
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 IronHorn Enterprises
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Investment Insights
Based on property information with market context.
This partially leased distribution facility combines established industrial construction with a 2024 renovation. The building contains 35,367 square feet on a 3-acre site, with 19’5” clear height, three dock-high doors, and three drive-in doors. The configuration supports warehouse, distribution, and light manufacturing operations, with site area for circulation and parking.
Located in Syracuse near Hiawatha Boulevard and I-690, the property provides access to I-81 and the New York State Thruway (I-90). Its position near Downtown Syracuse and regional logistics routes connects the facility with Albany, Rochester, Buffalo, and other Central New York destinations. Industrial zoning further identifies the property for commercial operating uses.
Located in Syracuse near Hiawatha Boulevard and I-690, the property provides access to I-81 and the New York State Thruway (I-90). Its position near Downtown Syracuse and regional logistics routes connects the facility with Albany, Rochester, Buffalo, and other Central New York destinations. Industrial zoning further identifies the property for commercial operating uses.
Key Highlights
- 35,367 SF distribution facility on 3 acres
- Renovation completed in 2024; originally constructed in 1940
- 19’5” clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,436
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,828,720
$3.8M
Cap Rate 7%
$2,734,800
$2.7M
Cap Rate 9%
$2,127,067
$2.1M
Market Conditions
NOI Build-Up for 35,367 SF
Gross rent
$241.9K $6.84/SF
− Vacancy
−$16.7K −$0.47/SF
EGI
$225.2K $6.37/SF
− OpEx
−$33.8K −$0.96/SF
NOI
$191.4K $5.41/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,828,720
Cap Rate 7%
$2,734,800
Cap Rate 9%
$2,127,067
Alternative Uses
Best Use
Warehouse
$2.73M
$2.39M – $3.19M
NOI $191,436 @ 7.0% cap · market cap 9.12%
Second Best
Industrial
$2.25M
$1.97M – $2.63M
NOI $157,653 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$6.15M
$5.38M – $7.17M
NOI $430,244 @ 7.0% cap · market cap 20.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
19 ft
Clear height
3
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 13206, NY
16,599
Population
8,460
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,049
Density / Sq Mi
$60,314
Median Household Income
$40,429
Median Earnings
$952
Median Rent
$130,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Distribution center - Partially leased industrial facility with warehouse, distribution, and light manufacturing functionality.
Where is this distribution center located?
The property is located at 6403 Deere Rd Syracuse, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 35,367 SF distribution facility on 3 acres; Renovation completed in 2024; originally constructed in 1940; 19’5” clear height
