Commercial/Industrial Building with Flexible
For Sale
$358,000
Pending
6730 Townline Rd, Dewitt, NY 13211
4,408 sq ft commercial/industrial building with shop area.
Property Size4,408 SF
Lot Size0.24 Acres
Days on Market151
Property Features for 6730 Townline Rd
General Information
Standard status
Pending
Size
4,408 SF
Lot size
0.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,575
Building Details
Building Size
4,408 SF
Year Built
1975
Stories
1
Listing Agency:
MyTown Realty
(315) 497-6500
Listed By:
David J. Manzano Sr. · License #30MA0711340
(315) 497-6500
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 MyTown Realty
Investment Insights
Based on property information with market context.
This 4,408 sq ft commercial/industrial building, constructed in 1975, is situated in a well-trafficked commercial-industrial area. The flexible layout features six front offices with wood-plank beamed ceilings in office areas A and B. There are two front handicap-accessible restrooms located near the main entry, as well as a cafeteria/break room. The property includes a 25’ x 38’ shop area equipped with a large compressor and air lines, suitable for fabrication, equipment work, or service operations. A back garage/storage area provides a 10’ overhead door for loading and equipment access. The large rear meeting/conference area includes two additional bathrooms, suitable for training or team use. Front and rear parking is available for approximately 12 vehicles, with potential for additional parking on the left side of the property. A security system with exterior cameras is included. The building has updated phone/communication wiring and multi-zone heating and air conditioning. The mechanical systems are in good condition. Existing furniture is negotiable.
Key Highlights
- 4,408 sq ft commercial/industrial building in a busy commercial‑industrial area.
- Flexible layout with 6 front offices, shop area, and large rear meeting/conference area.
- Shop area with large compressor and air lines.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,980
$393.0K
Cap Rate 7%
$280,700
$280.7K
Cap Rate 9%
$218,322
$218.3K
Market Conditions
NOI Build-Up for 4,408 SF
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.
Gross rent
$30.2K $6.84/SF
− Vacancy
−$2.1K −$0.47/SF
EGI
$28.1K $6.37/SF
− OpEx
−$8.4K −$1.91/SF
NOI
$19.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,980
Cap Rate 7%
$280,700
Cap Rate 9%
$218,322
Alternative Uses
Best Use
Office B
$605.7K
$530.0K – $706.7K
NOI $42,399 @ 7.0% cap · market cap 11.84%
Second Best
Flex RnD
$571.0K
$499.6K – $666.2K
NOI $39,970 @ 7.0% cap · market cap 11.16%
Theoretical Best
Office A
$766.1K
$670.3K – $893.7K
NOI $53,624 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13211, NY
6,382
Population
2,624
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
1,387
Density / Sq Mi
$67,672
Median Household Income
$39,118
Median Earnings
$1,073
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Spectrum Food Services Associates — 202 Twin Oaks Dr, Syracuse, NY 13206
Frequently Asked Questions
What type of property is this?
Flex space - 4,408 sq ft commercial/industrial building with shop area.
Where is this flex space located?
The property is located at 6730 Townline Rd Dewitt, NY.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: 4,408 sq ft commercial/industrial building in a busy commercial‑industrial area.; Flexible layout with 6 front offices, shop area, and large rear meeting/conference area.; Shop area with large compressor and air lines.
