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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
1819 Lemoyne Ave, Syracuse, NY 13208-1361
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1798817
Property summary
AI-generated overview
This exceptional North Syracuse industrial property at 1819 Lemoyne Ave offers 21,500 square feet of space in a single-tenant, Class C building constructed in 1950. Currently, 13,746 square feet are vacant, presenting a significant opportunity for a variety of uses. Situated on a 2.34-acre lot, the property boasts ample outdoor storage and parking, easily accommodating the needs of a substantial operation. The building features a 14-foot ceiling height and nine drive-in bays, including three large bays within a 6,000+ square foot garage area, enhancing efficiency and accessibility. Two separate office spaces provide dedicated administrative areas. The property is zoned I-1, making it suitable for various industrial applications, including multi-tenant storage, distribution, and manufacturing. This well-located property in Onondaga County offers a compelling combination of space, functionality, and accessibility. The substantial vacant space provides an ideal opportunity for a business seeking to expand or establish a significant presence in the North Syracuse market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
7,431 SF
Lot
2.34 ac (101,930 SF)
Zoning code
05 - COMMERCIAL
APN
314889 073.-05-03.1
UPID
US63-1798817
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
Current use
Occupant on record · Public records
-
Pinnacle Sealing and Plowing Inc General Contractor Construction Company
-
Nash Machine Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$635k
Owner & transaction history
Lenoyne Prop III LLC · 3 yrs held
Lenoyne Prop III LLC
since 2023
Last sale
$625,000
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$795,000
+93.3%
Office building
$735,000
+79.1%
Restaurant
$725,000
+75.9%
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
$680,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +93% · Conversion: Moderate
OFFICE BUILDING
$735,000
Change: +79% · Conversion: Difficult
RESTAURANT
$725,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$385,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $625k (Mar 21 2023)
Last sale anchor
$625k
Mar 21 2023
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
$85 / 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
$175,000
Assessed 2023
Previous assessed
$175,000
+0.0% YoY
Assessed land
$54,000
Assessed improvement
$121,000
Land market value
$60,674
Improvement market value
$135,955
Total market value
$196,629
Applied tax rate
312,403.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
3
Stories
1
Total area
7,431 SF
Lot
2.34 ac (101,930 SF)
Zoning code
05 - COMMERCIAL
APN
314889 073.-05-03.1
UPID
US63-1798817
Jurisdiction
ONONDAGA
Zoning & alternative use
05 - COMMERCIAL · Syracuse, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
OFFICE BUILDING
Est. value
$735,000
RESTAURANT
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$385,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1950
Heating
NONE
Stories
1
Buildings
3
Lot
2.34 ac
Current owner
From public records · entity-resolved
Lenoyne Prop III LLC
Entity
Mailing address
466 E BRIGHTON AVE #100, SYRACUSE, NY 13210-4144
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$625,000
Lenoyne Prop III LLC
1819 Lemoyne Avenue LLC
Warranty Deed
$500,000 · 1819 Lemoyne Ave LLC
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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