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    2228 Court St Syracuse, NY 13208

    • Automotive properties
    • 1,066 SF
    • 0.30 lot acres
    For Sale
    View listing
    $849,000
    Value Estimation
    Last Sale
    Sep 10, 2024
    $290,000
    Location Intelligence
    Property ID
    US63-5755576
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • JDA auto / Auto Repair Shop
    • Mark's Pizzeria / Pizza Restaurant

    Property Details for 2228 Court St

    Year built
    1980
    Lot size
    0.30 lot acres
    Property size
    1,066 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Automotive properties
    APN
    314889 071.-01-03.0
    APU
    31488907101030

    Description

    This exceptional investment opportunity presents a portfolio of two auto body shops located in Syracuse, New York, at 2228 Court St, 13208. The portfolio comprises two separate buildings totaling 1,066 square feet, each situated on a corner lot and benefiting from high daytime traffic. Both shops are currently 100% occupied, as of December 31, 2022, and boast two bays with lifts in each. The properties are zoned for commercial/retail use, making them ideal for continued operation as auto body shops or potential redevelopment. The asking price for the entire portfolio is $849,000, representing a price per square foot of $796.44 and a price per unit of $849,000. The seller is open to financing options with a 30% down payment, and terms are negotiable. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a prime location. Individual sale of the properties is also considered, with one shop priced at $320,000 and the other at $529,000. This presents a flexible investment opportunity for both large and smaller-scale investors. The properties are owned by Len DiMaggio.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $265,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $245,000
      Mixed-Use
      $220,000
      Hospitality
      $260,000
      Educational
      $230,000
      Residential Income
      $250,000
      Energy
      $275,000
      Income-Based Land
      $255,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1382
    Latitude
    43.0825
    CBSA code
    45060
    CBSA name
    SYRACUSE, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $18,000
    $146,000
    $164,000
    -
    $20,225
    $164,045
    $184,270

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      VEHICLE SALES, RENTALS • 1,052 SF
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      View Details

    Similar Nearby for Sale

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      Syracuse Auto Body Shop Portfolio

      Two Shops, High Traffic Location, $849,000
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    Syracuse, NY 13208
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    Realmo Value Estimation

    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.

    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.

    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
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