Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    299 Farrell Rd Syracuse, NY 13209-1846

    • Showrooms
    • 5,840 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5176088
    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.

    Current Use by Public Records

    • Dunkin' / Coffee Shop / Bagel Shop

    Property Details for 299 Farrell Rd

    Year built
    2015
    Lot size
    1.21 lot acres
    Property size
    5,840 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Showrooms
    APN
    313289 017.-03-01.3
    APU
    31328901703013

    Description

    This exceptional Class A retail/office property, located at 299 Farrell Rd in Syracuse, NY, offers 3,200 square feet of immediately available space in a prime location. The building, constructed in 2015, boasts a total of 5,806 square feet across a single story on a 1.21-acre lot in Onondaga County. The space is divisible, with a minimum of 1,600 square feet and a maximum contiguous space of 3,200 square feet currently vacant. The property is ideally situated in a high-traffic area, benefiting from excellent demographics and commuter traffic counts. Its strategic location is adjacent to a thriving Dunkin' Donuts with a drive-thru, ensuring high visibility and foot traffic. The unimproved spaces offer the unique opportunity for build-to-suit options, allowing tenants to customize their space to perfectly meet their specific business needs. This presents a rare chance to establish a presence in a bustling commercial area with significant potential for growth. The property is categorized as both retail and office, making it suitable for a variety of businesses. This is a single-building property with multiple tenancy options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $445,000
      Current use
      AUTO REPAIR, GARAGE
      $445,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.2603
    Latitude
    43.1159
    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
    $89,900
    $558,300
    $648,200
    -
    $143,840
    $893,280
    $1,037,120

    Comparable in this City

    • Value Estimation
      $730,000
      73,730 SF

      7066 Interstate Is Rd

      SHOW ROOM, WAREHOUSE • 73,730 SF
      7066 Interstate Is Rd, Syracuse, NY 13209-9712
      View Details
    • Value Estimation
      $315,000
      3,072 SF

      1017 State Fair Blvd

      SHOW ROOM, WAREHOUSE • 3,072 SF
      1017 State Fair Blvd, Syracuse, NY 13209-1145
      View Details
    • Value Estimation
      $255,000
      4,322 SF

      2555 Milton Ave

      SHOW ROOM, WAREHOUSE • 4,322 SF
      2555 Milton Ave, Syracuse, NY 13209-2413
      View Details
    • Value Estimation
      $355,000
      3,400 SF

      904 State Fair Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      904 State Fair Blvd, Syracuse, NY 13209-1247
      View Details
    • Value Estimation
      $745,000
      26,455 SF

      1537 Milton Ave

      FINANCIAL BUILDING • 26,455 SF
      1537 Milton Ave, Syracuse, NY 13209-1621
      View Details
    • Value Estimation
      $365,000
      3,160 SF

      929 State Fair Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,160 SF
      929 State Fair Blvd, Syracuse, NY 13209-1250
      View Details

    Similar Nearby for Sale

    • $825,000
      3,200 SF

      Syracuse Office, Medical, Retail Space

      3,200 SF corner property suitable for office, medical, retail.
      963 State Fair Blvd, Syracuse, NY 13209
      View Details
    • Contact for pricing
      9.56 Acres

      Solvay Landing: Industrial & Residential Land

      9.56 Acres, Prime Location, NY
      0 Solvay Lndg Milton Ave, Solvay, NY 13209
      View Details
    • $950,000
      8,496 SF

      Retail Property in Syracuse, NY

      Retail property available for sale in Syracuse, New York.
      515 Horan Rd, Syracuse, NY 13209
      View Details
    • $145,000
      1.55 Acres

      State Fair Blvd Commercial Land

      1.55-Acre Development Site, High Traffic
      0 Smelkoff Rd, Syracuse, NY 13209
      View Details
    • $525,000

      Industrial Land Near I-690

      3.51 acres of industrial land with high visibility.
      7055 Interstate Island Rd, Syracuse, NY 13209
      View Details
    • $249,900

      Renovated Duplex with New Roof

      Ranch-style duplex with new roof, ready for tenants.
      358 Long Branch Rd, Geddes, NY 13209
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      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
      32,696 SF

      Geddes Warehouse with Expansion Potential

      Dry warehouse in Geddes with loading docks and expansion options.
      1225 State Fair Blvd, Syracuse, NY 13209
      View Details
    • Contact for pricing

      Paved Yard Space For Lease

      2+/- acres of paved yard space with highway access.
      201 Farrell Rd, Syracuse, NY 13209
      View Details
    • $7 SF/Yr
      20,000 SF

      Syracuse Flex Space - 20,000 SF

      Modern flex space, ideal for various uses.
      126 Dwight Park Cir, Syracuse, NY 13209
      View Details
    • $3,200 /Mo
      1,400 SF

      Updated Office Space For Rent

      1,400 SF office space with private entrance and parking.
      3644 John Glenn Blvd, Syracuse, NY 13209
      View Details
    • $7 SF/Yr
      20,000 SF

      Renovated Flex Building with Dock

      20,000 SF flex building with dock and drive-in doors.
      126 Dwight Park Cir, Syracuse, NY 13209
      View Details
    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.
    299 Farrell Rd
    Syracuse, NY 13209-1846
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.