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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1029 Montgomery St, Unit 33 Syracuse, NY 13202-3507

    • Specialty properties
    • 2,771 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2605125
    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

    • Faith Hope Community Center Inc / Religious Organization / Health

    Property Details for 1029 Montgomery St

    Year built
    1965
    Lot size
    0.39 lot acres
    Property size
    2,771 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Specialty properties
    APN
    311500 094.-18-37.0
    APU
    31150009418370

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $195,000
      Market price range: $70.7k - $196k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $255,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1482
    Latitude
    43.0366
    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
    $52,900
    $107,800
    $160,700
    -
    $82,015
    $167,132
    $249,147

    Comparable in this City

    • Value Estimation
      $475,000
      17,976 SF

      1003 Montgomery St

      CHARITABLE ORGANIZATION • 17,976 SF
      1003 Montgomery St, Syracuse, NY 13202-3552
      View Details
    • Value Estimation
      $630,000
      46,358 SF

      120 Gifford St To Dickerson St

      CHARITABLE ORGANIZATION • 46,358 SF
      120 Gifford St To Dickerson St, Syracuse, NY 13202
      View Details
    • Value Estimation
      $445,000
      10,662 SF

      236 Onondaga St, Unit 68

      CHARITABLE ORGANIZATION • 10,662 SF
      236 Onondaga St, Syracuse, NY 13202-2608
      View Details
    • Value Estimation
      $765,000
      12,614 SF

      749 Warren St

      CHARITABLE ORGANIZATION • 12,614 SF
      749 Warren St, Syracuse, NY 13202-3512
      View Details
    • Value Estimation
      $890,000
      52,650 SF

      155 Gifford St

      CHARITABLE ORGANIZATION • 52,650 SF
      155 Gifford St, Syracuse, NY 13202-2308
      View Details
    • Value Estimation
      $285,000
      3,249 SF

      170 Seymour St

      CHARITABLE ORGANIZATION • 3,249 SF
      170 Seymour St, Syracuse, NY 13202-3247
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,080 SF

      Syracuse Mixed-Use Investment Opportunity

      Historic building, 15 apartments, restaurant space.
      415 Clinton St, Syracuse, NY 13202
      View Details
    • $3,567,324
      26,000 SF

      Downtown Syracuse Office Building

      26,000 SF office building for sale in Syracuse.
      359 S Salina St, Syracuse, NY 13202
      View Details
    • $195,000

      Corner Lot with Parking Spaces

      Corner lot featuring 24 parking spaces and a billboard.
      116 S Mcbride St, Syracuse, NY 13202
      View Details
    • $325,000
      10,800 SF

      Established Video Game Store in Syracuse

      Turnkey Retro Game Business - High Sales
      437 Warren St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      10,659 SF

      Syracuse Mixed-Use Investment Opportunity

      Historic Syracuse building, restaurant & apartment
      321 Clinton St, Syracuse, NY 13202
      View Details
    • Contact for pricing

      Land Near Armory Square

      Commercial land available near Armory Square and West Side initiative.
      122 W Fayette St, Syracuse, NY 13202
      View Details

    Similar Nearby for Lease

    • $225 SF/Yr
      1,600 SF

      Herald Place Office Space for Lease

      Updated 1,600 sq ft Office in Syracuse
      221 Herald Pl, Syracuse, NY 13202
      View Details
    • $12 SF/Yr
      110,000 SF

      Syracuse Executive Office Space

      Prestigious Syracuse office suites, 1,409-15,000 sq ft.
      224 Harrison St, Syracuse, NY 13202
      View Details
    • $15 SF/Yr
      1,500 SF

      Syracuse Office Space Available

      Office space available for lease in Syracuse, New York.
      530 S Clinton St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      4,300 SF

      Office Space with Open Layout

      4300 SF office space with flexible build-out options.
      466 N Salina St, Syracuse, NY 13202
      View Details
    • Contact for pricing
      4,000 SF

      Modern Office Space with Amenities

      Office space with parking, security, fitness center, and spa.
      125 E Jefferson St, Syracuse, NY 13202
      View Details
    • $15 SF/Yr
      11,936 SF

      Downtown Syracuse Office Space Available

      Medical or general office space for lease in Syracuse.
      600 E Genesee St, Syracuse, NY 13202
      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.
    1029 Montgomery St, Unit 33
    Syracuse, NY 13202-3507
    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

    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.