Warehouse with Dock and Drive-In
For Sale
Contact for pricing
6800 Northern Blvd, East Syracuse, NY 13057
Vacant industrial facility with office space, 400-amp electrical service, and access to I-90 and I-81.
Property Size29,535 SF
Lot Size2.99 Acres
Price / SF$101.57
Days on Market155
Property Features for 6800 Northern Blvd
General Information
Standard status
Active
Size
29,535 SF
Class
B
Lot size
2.99 Acres
Property subtype
Industrial
Investment Type
Stabilized
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
5
Drive-In Doors
21
Power
400 amps
Additional Details
Highway Access
Yes
Building Details
Year Built
1975
Year Renovated
1996
Buildings
1
Tenancy
Single
Building Size
29,535 SF
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Apr 1
Changed: Aug 31
Last Checked: Sep 1 at 7:17PM
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
Investment Insights
Based on property information with market context.
This vacant warehouse facility contains 29,535 SF on 2.99 acres and was built in 1975. The functional industrial layout provides 12’–16’ clear heights, five dock doors, and 21 drive-in doors. Approximately 13% of the building is configured as office space, and the property has 400-amp electrical service.
Located on Northern Blvd in East Syracuse, the facility is minutes from Carrier Circle with access to I-90 and I-81. Syracuse Hancock International Airport is within 5 miles, while Downtown Syracuse is under 10 miles away. The combination of warehouse capacity, loading infrastructure, office area, and highway connectivity supports industrial and service-oriented operations.
Located on Northern Blvd in East Syracuse, the facility is minutes from Carrier Circle with access to I-90 and I-81. Syracuse Hancock International Airport is within 5 miles, while Downtown Syracuse is under 10 miles away. The combination of warehouse capacity, loading infrastructure, office area, and highway connectivity supports industrial and service-oriented operations.
Key Highlights
- 29,535 SF warehouse facility on 2.99 acres
- Five dock doors and 21 drive‑in doors
- 12’–16’ clear heights throughout the facility
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
$161,037
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
5.37%
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%
$3,220,740
$3.2M
Cap Rate 7%
$2,300,529
$2.3M
Cap Rate 9%
$1,789,300
$1.8M
Market Conditions
NOI Build-Up for 29,535 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
$203.5K $6.89/SF
− Vacancy
−$14.0K −$0.48/SF
EGI
$189.5K $6.41/SF
− OpEx
−$28.4K −$0.96/SF
NOI
$161.0K $5.45/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /SF/Yr
Expense Ratio
15.00%
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%
$3,220,740
Cap Rate 7%
$2,300,529
Cap Rate 9%
$1,789,300
Alternative Uses
Best Use
Warehouse
$2.30M
$2.01M – $2.68M
NOI $161,037 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.13M
$4.49M – $5.99M
NOI $359,297 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
5
Dock-high doors
21
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Managed Heated Storage — 6619 Joy Rd, East Syracuse, NY 13057
- The Storage Mall - Syracuse — 6810 Kinne St, East Syracuse, NY 13057
- U-Pack — 7020 Northern Blvd, East Syracuse, NY 13057
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial facility with office space, 400-amp electrical service, and access to I-90 and I-81.
Where is this warehouse located?
The property is located at 6800 Northern Blvd East Syracuse, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 29,535 SF warehouse facility on 2.99 acres; Five dock doors and 21 drive‑in doors; 12’–16’ clear heights throughout the facility
