Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Industrial Land Near I-481 Title is generated by Realmo AI

    Kirkville Rd, East Syracuse, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    32 acres of industrial land near I-481 in DeWitt.

    Type:LAND
    Lot size:
    32.03 Acres
    Added:
    Feb 26, 2024
    Days on Market:
    816
    Last Refresh:
    May 20 at 9:40 pm

    Property Features for Kirkville Rd

    General Information

    Standard status
    Active
    Lot size
    32.03 Acres
    Property subtype
    LAND

    Properties For Sale

    at Kirkville Rd Contact us

    We can help!

    Listing Contact
    Stephen Scuderi
    Stephen Scuderi

    Listing agent Stephen Scuderi License #10401277622

    Listing office Cushman & Wakefield | Pyramid Brokerage - Syracuse

    Listing date Feb 26, 2024

    Source Moodyscre

    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 Cushman & Wakefield | Pyramid Brokerage - Syracuse

    HighLights

    • Prime industrial land (approximately 32 acres) located just off I‑481 interchange.
    • Located within Transportation and Distribution Node overlay district allowing warehouse and distribution uses.
    • Bordered by new Amazon distribution facility.
    • Access to all utilities.
    • Traffic signal and common driveway currently under construction.
    • Available for sale, ground lease, or build to suit.

    Overview

    This property features approximately 32 acres of industrial land located off the I-481 interchange in DeWitt. The site is bordered by a new Amazon distribution facility to the East and the I-481 exit ramp to the West. A traffic signal and common driveway are currently under construction. The property has access to all utilities and is located within a Transportation and Distribution Node overlay district, which allows for warehouse and distribution uses. The property is available for sale, ground lease, or build to suit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.075548
    Latitude
    43.075007

    Nearby Similar for Sale

    • $14,500

      Vacant Land in East Syracuse

      Vacant lot in East Syracuse, buyer responsible for variance.
      6393 Fremont Road, East Syracuse, NY 13057
      View Details
    • $59,900

      East Syracuse Commercially Zoned Land

      17.37 acres of commercially zoned land for sale.
      L14 Fly Road, East Syracuse, NY 13214
      View Details
    • $34,999

      Residential Lot in East Syracuse

      Two combined parcels totaling 0.31 acres in East Syracuse.
      James Street, East Syracuse, NY 13057
      View Details
    • $7,500

      Commercial Lot in East Syracuse

      Affordable lot for parking or storage in commercial area.
      Robert Street, East Syracuse, NY 13057
      View Details
    • $4,500,000
      40,625 SF

      Modern Class A Office Building

      40,625 SF office building ideal for medical or conventional use.
      5062 Brittonfield Pkwy, East Syracuse, NY
      View Details
    • $13,000,000
      45,450 SF

      Class A Office Building

      Net leased office building with bank branch and lower level.
      6611 Manlius Center Road, East Syracuse, NY, 13057
      View Details
    • Contact for pricing
      8,000 SF

      Established Medical Transportation Business Opportunity

      Thriving medical transportation business with contracts and growth potential.
      6500 New Venture Gear Dr, East Syracuse, NY 13057
      View Details
    • $2,400,000
      17,098 SF

      Stand Alone Industrial Building

      Industrial building featuring loading docks and drive-in door.
      5081 Whirlybird Lane, East Syracuse, NY 13057
      View Details
    • $900,000
      6,250 SF

      Fully Leased Industrial Property

      Income-producing industrial property in East Syracuse with highway access.
      4223 James St, East Syracuse, NY 13057
      View Details
    • $2,920,000
      30,000 SF

      Manufacturing Warehouse with Office Space

      30,000 SF manufacturing/warehouse with 8,000 SF office space.
      6250 E Molloy Rd, East Syracuse, NY
      View Details
    • Contact for pricing
      25,000 SF

      Class A Office Building

      25,000 SF Class A office building in growing area.
      34 Aspen Park Blvd, East Syracuse, NY
      View Details
    • $150,000
      3,300 SF

      Mixed-Use Investment Opportunity

      Retail, warehouse, and apartments. Redevelopment potential.
      7545 Kirkville Rd, East Syracuse, NY
      View Details

    FAQs

    What type of property is this?
    Industrial land - 32 acres of industrial land near I-481 in DeWitt.
    Where is this industrial land located?
    The property is located at Kirkville Rd East Syracuse, NY.
    What are key features of this property?
    This property features: Prime industrial land (approximately 32 acres) located just off I‑481 interchange.; Located within Transportation and Distribution Node overlay district allowing warehouse and distribution uses.; Bordered by new Amazon distribution facility.
    (315) 382-1057 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen Scuderi
    Stephen Scuderi
    Real Estate License ID: 10401277622
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Kirkville Rd, East Syracuse, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!