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

    1124 Genesee St Syracuse, NY 13210-1912

    • Investment properties
    • 3,408 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Apr 07, 2023
    $249,000
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6034608
    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

    • Tricia Dorn, Esq. Law Firm / Attorney

    Property Details for 1124 Genesee St

    Year built
    1900
    Lot size
    0.19 lot acres
    Property size
    3,408 SF
    Zone code
    9
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    311500 048.-11-06.0
    APU
    31150004811060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $270,000
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $406,000
      Market price range: $107k - $633k
      AI Estimate
      $353,000
      Market price range: $146k - $400k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $305,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $365,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $340,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $260,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1324
    Latitude
    43.0466
    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
    $122,000
    $108,000
    $230,000
    -
    $189,147
    $167,442
    $356,589

    Comparable in this City

    • Value Estimation
      $275,000
      1,927 SF

      465 Westcott St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,927 SF
      465 Westcott St, Syracuse, NY 13210-2109
      View Details
    • Value Estimation
      $335,000
      2,640 SF

      1419 Fayette St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,640 SF
      1419 Fayette St, Syracuse, NY 13210-1111
      View Details
    • Value Estimation
      $420,000
      2,600 SF

      713 Westcott St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      713 Westcott St, Syracuse, NY 13210-2542
      View Details
    • Value Estimation
      $390,000
      4,034 SF

      827 Euclid Ave Westcott St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,034 SF
      827 Euclid Ave Westcott St, Syracuse, NY 13210
      View Details
    • Value Estimation
      $375,000
      3,040 SF

      1219 Genesee E St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,040 SF
      1219 Genesee E St, Syracuse, NY 13210
      View Details
    • Value Estimation
      $310,000
      2,736 SF

      1107 Fayette St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,736 SF
      1107 Fayette St, Syracuse, NY 13210-1921
      View Details

    Similar Nearby for Sale

    • $2,900,000
      51,751 SF

      Syracuse Mixed-Use Investment Opportunity

      Prime Syracuse location, 51,751 SF, high potential.
      1641 Genesee St, Syracuse, NY 13210
      View Details
    • $289,000
      9,400 SF

      Mixed-Use Building Near Tipp Hill

      Three-story, 9,400+/- SF mixed-use building for sale.
      1965 W Fayette St, Syracuse, NY 13210
      View Details
    • $150,000
      725 SF

      Brazen Cafe

      Investment properties • 725 SF
      725 Irving Ave, Syracuse, NY 13210
      View Details
    • $3,500,000
      9,018 SF

      Syracuse University Area Retail Space

      Prime Retail Opportunity: 9,018 SF, 20 Parking Spaces
      1004 Adams St, Syracuse, NY 13210
      View Details
    • $300,000

      Fully Occupied Three-Unit Building

      Three-unit building with recent updates and long-term tenants.
      420 Nottingham Rd, Syracuse, NY 13210
      View Details
    • $9,000,000
      6,100 SF

      Prime Retail/Office Space Available

      Retail/office space for sale or lease in Syracuse, NY.
      726 University Ave, Syracuse, NY 13210
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,500 SF

      University Area Restaurant Space Available

      Restaurant or retail space in university area apartment building.
      603 Irving Ave, Syracuse, NY 13210
      View Details
    • $1,300 /Mo

      Renovated Office Space For Lease

      Recently renovated office space available for lease in convenient location.
      207 Pine St, Syracuse, NY 13210
      View Details
    • $9,996 /Mo
      65,340 SF

      Syracuse Industrial Land Lease

      1.5-Acre Industrial Land: Prime Syracuse Location
      466 Brighton Ave, Syracuse, NY 13210
      View Details
    • $12 SF/Yr
      29,691 SF

      Office Space with Skylights

      Renovated office space suitable for various professional services.
      2947 Erie Blvd East, Syracuse, NY 13210
      View Details
    • Contact for pricing
      6,000 SF

      Warehouse Space Near I-81/481

      Office and warehouse space for lease near Syracuse University.
      501 E Brighton Ave, Syracuse, NY 13210
      View Details
    • Contact for pricing
      6,900 SF

      Retail Space on Erie Boulevard

      6,900 SF retail space in high-traffic, high-income area.
      3180 Erie Blvd E, Syracuse, NY 13210
      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.
    1124 Genesee St
    Syracuse, NY 13210-1912
    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.