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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Theaters & concert halls
1 Lepage Pl, Syracuse, NY 13206-2578
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-3831097
Property summary
AI-generated overview
This Syracuse, NY warehouse offers 18,000 square feet of immediately available space, divisible to a minimum of 2,000 square feet. Located at 1 Lepage Pl, 13206, in Onondaga County, this industrial property features a 30,000-square-foot building with a 10-foot ceiling height. The space is perfect for storage, boasting ample room for pallets and other items. One dock-high door facilitates efficient loading and unloading. Tenant labor is permitted, and pallet jacks are available for tenant use. The property offers convenient access during weekday business hours (Monday-Friday, 8:00 AM - 2:00 PM). Advance notice is required for receiving items. Taxes are $0.40 per square foot. This is an excellent opportunity for businesses needing flexible, readily available warehouse space in a prime Syracuse location. The open layout provides versatile storage options. Contact us to schedule a viewing and discuss pricing.
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1922
Total area
223,164 SF
Lot
23.08 ac (1,005,365 SF)
Zoning code
06 - INDUSTRIAL
APN
312689 033.-07-01.0
UPID
US63-3831097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CNY Boxing Academy Gym & Fitness Center Sports School
-
Total Restoration Services General Contractor
-
Lazybones Laundry and Storage (Bike/Boat/Book/etc) Store
-
Total Restoration Services of CNY General Contractor Renovation Specialist
-
CNY Okinawan Karate & Kobudo Schools Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Syracuse Lepage LLC · 14 yrs held
Syracuse Lepage LLC
since 2012
2 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Syracuse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Syracuse submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,350,000
Assessed 2023
Previous assessed
$1,350,000
+0.0% YoY
Assessed land
$634,000
Assessed improvement
$716,000
Land market value
$634,000
Improvement market value
$716,000
Total market value
$1,350,000
Applied tax rate
312,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1922
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
223,164 SF
Lot
23.08 ac (1,005,365 SF)
Zoning code
06 - INDUSTRIAL
APN
312689 033.-07-01.0
UPID
US63-3831097
Jurisdiction
ONONDAGA
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Syracuse. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
23.08 ac
Current owner
From public records · entity-resolved
Syracuse Lepage LLC
Entity
Free & Clear · 14 yrs held
Mailing address
3176 ERIE BLVD E, SYRACUSE, NY 13214-1202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
Syracuse Lepage LLC
—
Deed
related
$8,100,000 · Hometrust Bank
Jun 19, 2012
$200,000
Syracuse Lepage LLC
Ces LLC By Ref
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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