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

    108 Factory Ave Syracuse, NY 13208-1423

    • Manufacturing properties
    • 10,460 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Feb 08, 2022
    $418,000
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    9.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US63-1963281
    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

    • CNY Costumes / Costume Rental Service
    • Stanwade Tanks & Petroleum Equipment / Gas Station

    Property Details for 108 Factory Ave

    Year built
    1975
    Lot size
    0.88 lot acres
    Property size
    10,460 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Manufacturing properties
    APN
    314889 066.-12-03.0
    APU
    31488906612030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $505,000
      ML approach
      $510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $578,000
      Market price range: $131k - $578k
      AI Estimate
      $506,000
      Market price range: $195k - $506k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $400,000
      Current use
      AUTO REPAIR, GARAGE
      $795,000
      Change: +98% Conversion: Easy
      WAREHOUSE, STORAGE
      $580,000
      Change: +44% Conversion: Easy
      COMMERCIAL (GENERAL)
      $540,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1428
    Latitude
    43.0894
    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
    $32,000
    $338,000
    $370,000
    -
    $35,955
    $379,775
    $415,730

    Comparable in this City

    • Value Estimation
      $345,000
      6,091 SF

      1018 Cadillac St

      MANUFACTURING (LIGHT) • 6,091 SF
      1018 Cadillac St, Syracuse, NY 13208-1916
      View Details
    • Value Estimation
      $1,395,000
      37,676 SF

      301 Wolf St Park St

      MANUFACTURING (LIGHT) • 37,676 SF
      301 Wolf St Park St, Syracuse, NY 13208
      View Details
    • Value Estimation
      $540,000
      15,060 SF

      407 Brown Ave

      MANUFACTURING (LIGHT) • 15,060 SF
      407 Brown Ave, Syracuse, NY 13208-1409
      View Details
    • Value Estimation
      $365,000
      13,000 SF

      1551 Brewerton Rd

      MANUFACTURING (LIGHT) • 13,000 SF
      1551 Brewerton Rd, Syracuse, NY 13208-1403
      View Details
    • Value Estimation
      $700,000
      100,880 SF

      1201 Wolf St

      MANUFACTURING (LIGHT) • 100,880 SF
      1201 Wolf St, Syracuse, NY 13208-1375
      View Details
    • Value Estimation
      $345,000
      6,030 SF

      103 Ash St State N St

      MANUFACTURING (LIGHT) • 6,030 SF
      103 Ash St State N St, Syracuse, NY 13208
      View Details

    Similar Nearby for Sale

    • $2,000,000
      7,446 SF

      Syracuse Multifamily Investment Opportunity

      12-Unit Apartment Building, $2M
      827 Park St, Syracuse, NY 13208
      View Details
    • $849,000
      1,066 SF

      Syracuse Auto Body Shop Portfolio

      Two Shops, High Traffic Location, $849,000
      2228 Court St, Syracuse, NY 13208
      View Details
    • $199,900

      Northside Four-Unit Multifamily Property

      Fully rented four-unit building near St. Joseph's Hospital.
      2519 Lodi St, Syracuse, NY 13208
      View Details
    • $249,000
      3,043 SF

      Restaurant and Residential Property For Sale

      Turn-key restaurant with a residential house on the same parcel.
      1206-1208 Wolf St, Syracuse, NY 13208
      View Details
    • $240,000

      Two-Family Property in Syracuse, NY

      Two-family property with income potential in high-demand Syracuse neighborhood.
      1115 Court St, Syracuse, NY 13208
      View Details
    • $155,000

      Multifamily Property in Syracuse

      Multifamily property for sale in Syracuse, New York.
      111 6Th North St, Syracuse, NY 13208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,950 SF

      Warehouse and Office Space Available

      Warehouse and office space centrally located with parking.
      617 E Hiawatha Blvd, Syracuse, NY 13208
      View Details
    • $1,900,000

      Industrial Property with Dismantler License

      Turnkey industrial property with NYS dismantler and inspection license.
      17 Dippold Ave, Syracuse, NY 13208
      View Details
    • $2,000 /Mo

      Versatile Commercial Space For Lease

      1,800 SF commercial space suitable for retail or office.
      1418 Grant Blvd, Syracuse, NY 13208
      View Details
    • Contact for pricing

      Fenced Industrial Storage Yard

      1.15-acre fenced industrial storage yard for lease, Salina, NY.
      602 Factory Ave, Syracuse, NY 13208
      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.
    108 Factory Ave
    Syracuse, NY 13208-1423
    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.