Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Geddes St, Unit 28 Syracuse, NY 13204-2809
    Back to Search
    Property profile & analytics

    220 Geddes St, Unit 28 Syracuse, NY 13204-2809

    View on Map
    • Strip malls
    • 49,443 SF
    • 2.26 lot acres
    Off-Market
    Property ID
    US63-3569901
    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.
    Value Estimations
    $1,390,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Rent-A-Center / Electronics & Wireless Store
    • Western Union / Bank / Credit Union
    • Dollar General / Grocery & Convenience Store / Food Market

    Property Details for 220 Geddes St

    Year built
    1940
    Lot size
    2.26 lot acres
    Property size
    49,443 SF
    Zone code
    22
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    311500 099.-03-06.0
    APU
    31150009903060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1721
    Latitude
    43.0449
    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
    $420,000
    $830,000
    $1,250,000
    -
    $651,163
    $1,286,821
    $1,937,984

    Comparable in this City

    • Value Estimation
      $4,655,000
      54,016 SF

      1011-55 Genesee W To Geddes N St

      SHOPPING CENTER, STRIP CENTER • 54,016 SF
      1011-55 Genesee W To Geddes N St, Syracuse, NY 13204
      View Details
    • Value Estimation
      $15,510,000
      848,000 SF

      306 Hiawatha W Blvd

      REGIONAL SHOPPING CENTER, MALL • 848,000 SF
      306 Hiawatha W Blvd, Syracuse, NY 13204-6001
      View Details
    • Value Estimation
      $15,590,000
      847,042 SF

      1 Destiny Usa Dr

      REGIONAL SHOPPING CENTER, MALL • 847,042 SF
      1 Destiny Usa Dr, Syracuse, NY 13204-9000
      View Details
    • Value Estimation
      $1,030,000
      10,498 SF

      1819 Genesee St W Avery Ave

      MINI-MALL • 10,498 SF
      1819 Genesee St W Avery Ave, Syracuse, NY 13204
      View Details
    • Value Estimation
      $1,095,000
      11,186 SF

      512 Onondaga St

      MINI-MALL • 11,186 SF
      512 Onondaga St, Syracuse, NY 13204
      View Details
    • Value Estimation by Request
      0.13 Acres

      201 Fitch St Dudley St

      PARKING LOT • 0.13 Acres
      201 Fitch St Dudley St, Syracuse, NY 13204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,552 SF

      Multi-Tenant Retail Building For Sale

      38,552 SF multi-tenant building in Syracuse, NY for sale.
      701 S Geddes St, Syracuse, NY 13204
      View Details
    • $600,000
      2,848 SF

      Syracuse NNN Leased Investment Property

      NNN leased investment property in Syracuse's historic automobile row.
      523 West Genesee St, Syracuse, NY 13204
      View Details
    • $249,900
      4,208 SF

      Syracuse Mixed-Use Redevelopment Opportunity

      Mixed-use property in Syracuse's Near West Side redevelopment area.
      200 W Seneca St & Marcellus St, Syracuse, NY 13204
      View Details
    • $749,000

      West Genesee Parking Lot

      0.75 acre parking lot with street frontage.
      650 Genesee St, Syracuse, NY 13204
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      7,054 SF

      Class A Office Space Available

      Prestigious office building in historic Franklin Square, Syracuse.
      500 Plum St, Syracuse, NY 13204
      View Details
    • Contact for pricing
      2,520 SF

      Retail/Office Space with Free Parking

      First-floor retail/office space with excellent access and free parking.
      936 North Clinton St, Syracuse, NY 13204
      View Details
    • $1,200 /Mo

      Renovated Retail Space on Milton

      Renovated retail space on a busy street, flexible landlord.
      1211 Milton Ave, Syracuse, NY 13204
      View Details
    • Contact for pricing
      2,144 SF

      Furnished Retail Space Available

      Furnished retail space with barber and salon chairs for rent.
      413 S Wilbur Ave, Syracuse, NY 13204
      View Details
    • $1,200 /Mo
      500 SF

      Retail Space on Busy Street

      Renovated retail space suitable for various business models.
      1211 Milton Avenue Ext, Syracuse, NY 13204
      View Details
    • Contact for pricing
      1,351 SF

      Franklin Street Flex/Industrial Space

      Flex/industrial space in Franklin Square, Syracuse, with high ceilings.
      600 N Franklin St, Syracuse, NY 13204
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      989
    • Avg Time on site
      25 min
    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.
    220 Geddes St, Unit 28
    Syracuse, NY 13204-2809
    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

    Thank You for Inquiry
    220 Geddes St, Syracuse, NY, 13204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!