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Property profile & analytics
OFF-MARKET
Estimated value
$27,125,000
Warehouses
1005 Fayette St, Syracuse, NY 13204-2860
Entity Owned
Free & Clear
Property ID
US63-4268015
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Total area
367,188 SF
Lot
6.16 ac (268,330 SF)
Zoning code
22
APN
311500 100.-01-02.6
UPID
US63-4268015
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
-
Rockwest Center HVAC Service General Contractor
-
Marble Farms Food Processing Plant
-
J A Crawford Inc Medical Clinic
-
Syracuse City School District School District Office
-
Permanent Makeup & Nail Land Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.58M
Comparable Approach
Comparable
$29.10M
Blend (final)
Blend
$27.13M
Owner & transaction history
ROCK WEST CENTER III LLC
ROCK WEST CENTER III LLC
Zoning & alternative use
22 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$39.3M
+93.3%
Office building
$36.4M
+79.1%
Restaurant
$35.8M
+75.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$33,125,000
6.5%
$30,575,000
7%
$28,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,335,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$39,305,000
Change: +93% · Conversion: Moderate
OFFICE BUILDING
$36,415,000
Change: +79% · Conversion: Difficult
RESTAURANT
$35,770,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,910,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$22,085,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$27.13M
Range $24.41M – $29.84M · ±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
$74 / 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
$10,400,000
Assessed 2023
Previous assessed
$10,400,000
+0.0% YoY
Assessed land
$1,470,000
Assessed improvement
$8,930,000
Land market value
$2,279,070
Improvement market value
$13,844,961
Total market value
$16,124,031
Applied tax rate
311,500.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Stories
5
Total area
367,188 SF
Lot
6.16 ac (268,330 SF)
Zoning code
22
APN
311500 100.-01-02.6
UPID
US63-4268015
Jurisdiction
ONONDAGA
Zoning & alternative use
22 · Syracuse, NY
Zoning 22 · permitted uses
22 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.3M
OFFICE BUILDING
Est. value
$36.4M
RESTAURANT
Est. value
$35.8M
AUTO REPAIR, GARAGE
Est. value
$27.9M
COMMERCIAL (GENERAL)
Est. value
$22.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Stories
5
Lot
6.16 ac
Current owner
From public records · entity-resolved
ROCK WEST CENTER III LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1005 W FAYETTE ST, SYRACUSE, NY 13204-2860
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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