Property profile

126 Dwight Park Cir Syracuse, NY 13209

OFF-MARKET
Warehouses
Property ID
US63-2758706
20,000 SF 1.87 ac lot Built 1989
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 20,000-square-foot Class A flex building in Syracuse, NY, presents a unique opportunity. Located at 126 Dwight Park Cir, 13209, this single-tenant property sits on 1.87 acres and boasts a recently completed (2024) renovation. The building features 18-21 foot ceiling heights, providing ample vertical space for diverse operational needs. Loading and unloading are efficient with two drive-in doors (14' high) and two truck-height dock doors equipped with levelers. The property also includes approximately 3,689 square feet of office space, perfectly suited for administrative functions. Parking is readily available with 45 spaces. The building benefits from a robust 400A 240V 3Ph power supply, serviced by cost-effective Solvay Electric. Its strategic location offers immediate access to major interstates, including I-690 and I-90, ensuring seamless transportation and logistics. The property is zoned for industrial use and is currently vacant, allowing for immediate occupancy. Additional tenant improvements are negotiable, providing flexibility to customize the space to specific requirements. This is a prime opportunity to secure a modern, well-equipped industrial space in a highly accessible location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Total area 20,000 SF
Lot 1.87 ac (81,457 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 313289 019.-04-17.0
UPID US63-2758706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Auto Repair Shop
  • Electrical Service General Contractor

Location

126 Dwight Park Cir Syracuse, NY 13209-1067
Syracuse metro Census 12800 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.95M
CAP Approach CAP
$1.67M
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2023
Last sale
$1.8M
4 recorded transactions
2023
$1.8M
2021
Price N/A
2020
Price N/A
2015
$840,000

Zoning & alternative use

02 - SINGLE RESIDENCE · Syracuse, NY
Top alternative use upside
Neighborhood: shopping center $2.1M +93.3%
Office building $2.0M +79.1%
Restaurant $2.0M +75.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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