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Property profile & analytics
FOR SALE
Investment properties
2043 Erie Blvd East Syracuse, NY 13224
Individually Owned
5-yr Hold
Free & Clear
Property ID
US63-0570600
For Sale
$1,900,000
2043 Erie Blvd East, Syracuse, NY 13224
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2009
Total area
9,111 SF
Lot
1.82 ac (79,279 SF)
Zoning code
22
APN
311500 032.-03-10.0
UPID
US63-0570600
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
-
Subway Take-out & Catering
-
JKS Home Improvement Hardware & Home Improvement Kitchen & Bath Showroom
-
JKS Roofing Roofing Company General Contractor
-
HTG Supply Hydroponics & Grow Lights Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.04M
Owner & transaction history
Duane Milton · 5 yrs held
Duane Milton
since 2020
Last sale
$34,250
2 recorded transactions
Zoning & alternative use
22 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$975,000
+40.4%
Office building
$905,000
+30.1%
Restaurant
$890,000
+27.8%
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%
$1,360,000
6.5%
$1,255,000
7%
$1,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +30% · Conversion: Easy
RESTAURANT
$890,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $34k (Sep 17 2020)
Last sale anchor
$34k
Sep 17 2020
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
$114 / 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
$765,700
Assessed 2023
Previous assessed
$765,700
+0.0% YoY
Assessed land
$255,700
Assessed improvement
$510,000
Land market value
$396,434
Improvement market value
$790,698
Total market value
$1,187,132
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2009
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,111 SF
Lot
1.82 ac (79,279 SF)
Zoning code
22
APN
311500 032.-03-10.0
UPID
US63-0570600
Jurisdiction
ONONDAGA
Zoning & alternative use
22 · Syracuse, NYZoning 22 · permitted uses
22 · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
OFFICE BUILDING
Est. value
$905,000
RESTAURANT
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Duane Milton
Individual
Free & Clear · 5 yrs held
Mailing address
2949 ERIE BLVD E STE #106, SYRACUSE, NY 13224-1447
Ownership since
2020
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
Sep 17, 2020
$34,250
Duane Milton
Michael Tanner
Warranty Deed
—
Jan 10, 2006
$225,000
Lockwood Rpoperties LLC
Iroquois Plumbing Supply
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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