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Property profile & analytics
OFF-MARKET
Estimated value
$5,155,000
Manufacturing properties
120 Cortland Ave 154 Syracuse, NY 13202-3411
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-2324027
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
97,722 SF
Lot
1.75 ac (76,230 SF)
Zoning code
06 - INDUSTRIAL
APN
311500 094.-05-06.0
UPID
US63-2324027
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$5.16M
Owner & transaction history
Ranalli/taylor St., LLC · 10 yrs held
Ranalli/taylor St., LLC
since 2016
2 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.5M
+98.3%
Auto repair, garage
$7.4M
+97.7%
Warehouse, storage
$5.4M
+44.0%
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%
$7,260,000
6.5%
$6,700,000
7%
$6,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,755,000
Current use
COMMERCIAL (GENERAL)
$7,450,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,430,000
Change: +98% · Conversion: Easy
WAREHOUSE, STORAGE
$5,410,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±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
$53 / 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
$7,810,000
Assessed 2023
Previous assessed
$7,810,000
+0.0% YoY
Assessed land
$610,000
Assessed improvement
$7,200,000
Land market value
$945,736
Improvement market value
$11,162,791
Total market value
$12,108,527
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
97,722 SF
Lot
1.75 ac (76,230 SF)
Zoning code
06 - INDUSTRIAL
APN
311500 094.-05-06.0
UPID
US63-2324027
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1984
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Ranalli/taylor St., LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 678, LIVERPOOL, NY 13088-0678
Ownership since
2016
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
Nov 17, 2021
—
Jma Tech Properties LLC
—
Deed
related
$17,920,000 · M & T Bank
Jun 17, 2016
$100,000
Ranalli/taylor St., LLC
William J. Leberman, As
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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