Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    135 Northern Concourse N Syracuse, NY 13212-4064

    • Commercial land
    • 2.82 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1348009
    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

    • Commercial land

    Property Details for 135 Northern Concourse

    Lot size
    2.82 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Commercial land
    APN
    314889 048.-01-03.3
    APU
    31488904801033

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    N Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1498
    Latitude
    43.1096
    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
    $66,000
    $0.00
    $66,000
    -
    $74,157
    $0.00
    $74,157

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      5623 Business Ave

      VACANT COMMERCIAL LAND • 0.65 Acres
      5623 Business Ave, Syracuse, NY 13212
      View Details
    • Value Estimation by Request
      10.22 Acres

      Col Eileen Collins Blvd

      VACANT COMMERCIAL LAND • 10.22 Acres
      Col Eileen Collins Blvd, Syracuse, NY 13212
      View Details
    • Value Estimation by Request
      7.34 Acres

      Col Eileen Collins Blvd

      VACANT COMMERCIAL LAND • 7.34 Acres
      Col Eileen Collins Blvd, Syracuse, NY 13212
      View Details
    • Value Estimation by Request
      5.01 Acres

      Col Eileen Collins Blvd

      VACANT COMMERCIAL LAND • 5.01 Acres
      Col Eileen Collins Blvd, Syracuse, NY 13212
      View Details
    • Value Estimation by Request
      0.03 Acres

      N

      VACANT COMMERCIAL LAND • 0.03 Acres
      N, Syracuse, NY 13212
      View Details
    • Value Estimation by Request
      6.13 Acres

      867 Bay Rd, Unit 875

      VACANT COMMERCIAL LAND • 6.13 Acres
      867 Bay Rd, Syracuse, NY 13212-2332
      View Details

    Similar Nearby for Sale

    • $144,000

      Land on Allen Road

      Land suitable for office, medical, or daycare development.
      200 Allen Rd, Syracuse, NY 13212
      View Details
    • $299,000

      Commercial Land Near Route 81

      1.3 acre commercial lot with direct access to Route 81.
      6225 E Taft Rd, Syracuse, NY 13212
      View Details
    • $2,500,000

      Land Adjacent to Interstate Rt.

      11.69 acre site with excellent visibility and accessibility.
      7224 Eastman Rd, Syracuse, NY 13212
      View Details
    • $200,000

      Vacant Commercial Land Opportunity

      2.88 acres of vacant commercial land near major highways.
      3182 Vickery Rd, Syracuse, NY 13212
      View Details
    • $3,000,000

      Prime Retail Corridor Development Site

      6.04 ± acre development site in high-traffic area.
      3719 Brewerton Rd, Syracuse, NY 13212
      View Details
    • $294,000

      Commercial Land on West Taft

      Land available on major commuter route near established businesses.
      5250 Taft Rd West, Syracuse, NY 13212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Corner Commercial Land

      Corner location with high traffic, near Micron Technology complex.
      5380 W Taft Rd, Syracuse, NY 13212
      View Details
    • $1,900,000

      Corner Land Parcel For Rent

      Land with high visibility and multiple access points available forrent.
      109-113 Taft Rd, Syracuse, NY 13212
      View Details
    • $92,600
      58,806 SF

      Syracuse Retail Development Site

      Prime 1.35-acre commercial land, high visibility.
      0 Taft Rd, East Syracuse, NY 13212
      View Details
    • $18 SF/Yr
      96,084 SF

      Class A Office Park Space

      Class A office space available in Syracuse, New York.
      301 Plainfield Rd, Syracuse, NY 13212
      View Details
    • Contact for pricing
      4,440 SF

      Retail Space with Road Frontage

      Retail space with frontage on Bear and Buckley Roads.
      7575 Buckley Rd, Syracuse, NY 13212
      View Details
    • $18 SF/Yr
      53,992 SF

      Class A Suburban Office Space

      Available November 2025, Class A office park with amenities.
      231 Salina Meadows Pkwy, Syracuse, NY 13212
      View Details
    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.
    135 Northern Concourse
    N Syracuse, NY 13212-4064
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.