Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2909 Milton Ave Syracuse, NY 13209-2519
    Back to Search
    Property profile & analytics

    2909 Milton Ave, Syracuse, NY 13209-2519

    View on Map
    • Investment properties
    • 9,807 SF
    • 1.31 lot acres
    Off-Market
    Last Sale Dec 25, 2024
    Property ID
    US63-1996986
    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
    $1,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Solvay Deli Mart / Department Store
    • VALERO / Gas Station
    • Dollar General / Grocery & Convenience Store / Food Market
    • ATM (Solvay Convenience & Deli) / Atm
    • Gulf / Gas Station

    Property Details for 2909 Milton Ave

    Year built
    1970
    Lot size
    1.31 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    313201 003.-03-07.1
    APU
    31320100303071

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 25, 2025 — Village Of Solvay 2909 Milton Avenue LLC Deed —
    Apr 28, 2015 — O&s Realty & Property Ser Ammar Obadi Quit Claim Deed · related —
    Jul 14, 2005 — Richard Ind Balduzzi Richard Balduzzi Deed —
    Jul 14, 2005 $400,000 Ammar Obadi Richard Balduzzi Deed —
    Jun 6, 2005 — Trust Sandra M Ross Trust Richard Balduzzi Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,465,000
      6.5%
      $1,355,000
      7%
      $1,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $797,000
      Market price range: $380k - $1.13M
      AI Estimate
      $1,027,000
      Market price range: $471k - $1.32M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $750,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Change: +40% Conversion: Difficult
      OFFICE BUILDING
      $975,000
      Change: +30% Conversion: Easy
      RESTAURANT
      $955,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $745,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.2264
    Latitude
    43.0599
    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
    $45,600
    $353,400
    $399,000
    -
    $72,960
    $565,440
    $638,400

    Comparable in this City

    • Value Estimation by Request
      1,207 SF

      6936 Van Buren Rd

      STORE/OFFICE (MIXED USE)
      6936 Van Buren Rd, Syracuse, NY 13209-9717
      View Details
    • Value Estimation
      $1,115,000
      13,221 SF

      314 Lakeside Rd

      STORE/OFFICE (MIXED USE)
      314 Lakeside Rd, Syracuse, NY 13209-9786
      View Details
    • Value Estimation
      $620,000
      6,900 SF

      6429 Van Buren Rd

      STORE/OFFICE (MIXED USE)
      6429 Van Buren Rd, Syracuse, NY 13209-9751
      View Details
    • Value Estimation by Request
      4,430 SF

      956 State Fair Blvd

      STORE/OFFICE (MIXED USE)
      956 State Fair Blvd, Syracuse, NY 13209-1238
      View Details
    • Value Estimation by Request
      2,800 SF

      822 State Fair Blvd

      STORE/OFFICE (MIXED USE)
      822 State Fair Blvd, Syracuse, NY 13209-1320
      View Details
    • Value Estimation by Request
      6,258 SF

      1601 Milton Ave

      STORE/OFFICE (MIXED USE)
      1601 Milton Ave, Solvay, NY 13209
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lakeland Commercial Lot For Sale

      1.55 acre commercial lot near NY State Fair Grounds.
      Smelkoff Rd, Syracuse, NY 13209
      View Details
    • New
      $220,000
      Pending

      Syracuse Two-Family Investment Opportunity

      Well-maintained two-family property with detached garage and ample parking.
      905 Cogswell Ave, Syracuse, NY 13209
      View Details
    • $219,900

      Geddes Multifamily Property for Sale

      Multifamily property in Geddes, NY available for purchase.
      203 Cogswell Ave, Geddes, NY 13209
      View Details
    • Contact for pricing
      32,000 SF

      Industrial Property Near I-690 & I-90

      NNN leased investment property with credit tenant, 8+ acres.
      3584 Walters Rd, Syracuse, NY 13209
      View Details
    • Contact for pricing

      Industrial Development Site For Sale

      Prime industrial land with utilities and highway access.
      7055 Interstate Island Rd, Syracuse, NY 13209
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Solvay Lndg Milton Ave, Solvay, NY 13209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,200 SF

      Syracuse Warehouse with I-690 Access

      27,200 SF warehouse with high ceilings and highway access.
      4 Dwight Park Dr, Syracuse, NY 13209
      View Details
    • Contact for pricing
      53,269 SF

      Retail Space in Community Center

      Retail spaces available within a busy Syracuse community center.
      2102-2214 Genesee St, Syracuse, NY 13209
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Space with Exterior Storage

      Industrial zoned property with flexible tenant options and exterior storage.
      2 Dwight Park Dr, Syracuse, NY 13209
      View Details
    • Contact for pricing
      2,200 SF

      Syracuse Flex Space For Rent

      Flex space available for rent in Syracuse, New York.
      7243 State Fair Blvd, Syracuse, NY 13209
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      1.4k
    • Avg Time on site
      5 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.
    2909 Milton Ave
    Syracuse, NY 13209-2519
    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
    2909 Milton Ave, Syracuse, NY, 13209
    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!