Freestanding Office Building with
For Sale
$480,000
6555 Ridings Road, Dewitt, NY 13206
Single-tenant property includes private offices, conference areas, and customer-service space.
Property Size4,076 SF
Lot Size1.30 Acres
Price / SF$117.76
Days on Market51
Property Features for 6555 Ridings Road
General Information
Standard status
Active
Size
4,076 SF
Lot size
1.30 Acres
Amenities
private offices
conference areas
break room
drive-thru infrastructure
Building Details
Buildings
1
Building Size
4,076 SF
Tenancy
Single
Listing Agency:
Integrated Real Estate Ser LLC
Listed By:
Eric O'Mara
(315) 522-3194
Source:
Nicholcityrealty
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 9 at 7:25PM
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 Integrated Real Estate Ser LLC
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 4,076 SF on approximately 1.3 acres. The single-tenant layout includes private offices, conference areas, a break room, restrooms, and customer-service space, along with on-site parking and drive-through infrastructure. Built in 1980, the building is configured for office and service-oriented operations.
The property is located at 6555 Ridings Rd in DeWitt, NY, with access from Ridings Road. Its existing configuration supports professional office, financial services, medical, insurance, retail, and service uses, as identified for the property. The combination of building area, land, parking, and drive-through improvements provides a practical commercial setting for an owner-user or operator.
The property is located at 6555 Ridings Rd in DeWitt, NY, with access from Ridings Road. Its existing configuration supports professional office, financial services, medical, insurance, retail, and service uses, as identified for the property. The combination of building area, land, parking, and drive-through improvements provides a practical commercial setting for an owner-user or operator.
Key Highlights
- Approximately 4,076 SF office building on approximately 1.3 acres
- Freestanding, single‑tenant configuration
- Private offices, conference areas, break room, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,206
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,120
$784.1K
Cap Rate 7%
$560,086
$560.1K
Cap Rate 9%
$435,622
$435.6K
Market Conditions
NOI Build-Up for 4,076 SF
Gross rent
$61.1K $15.00/SF
− Vacancy
−$8.9K −$2.18/SF
EGI
$52.3K $12.83/SF
− OpEx
−$13.1K −$3.21/SF
NOI
$39.2K $9.62/SF
Area
Syracuse, NY
Vacancy
14.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,120
Cap Rate 7%
$560,086
Cap Rate 9%
$435,622
Alternative Uses
Best Use
Office B
$560.1K
$490.1K – $653.4K
NOI $39,206 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.4K
$619.8K – $826.4K
NOI $49,585 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
490
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant property includes private offices, conference areas, and customer-service space.
Where is this office building located?
The property is located at 6555 Ridings Road Dewitt, NY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Approximately 4,076 SF office building on approximately 1.3 acres; Freestanding, single‑tenant configuration; Private offices, conference areas, break room, and restrooms
