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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Showrooms
299 Farrell Rd, Syracuse, NY 13209-1846
Entity Owned
Free & Clear
Property ID
US63-5176088
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2015
Total area
5,840 SF
Lot
1.21 ac (52,708 SF)
Zoning code
06 - INDUSTRIAL
APN
313289 017.-03-01.3
UPID
US63-5176088
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
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$755k
Owner & transaction history
ESW REALTY, LLC
ESW REALTY, LLC
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$625,000
+40.4%
Office building
$580,000
+30.1%
Restaurant
$570,000
+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%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: +30% · Conversion: Easy
RESTAURANT
$570,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$129 / 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
$648,200
Assessed 2023
Previous assessed
$648,200
+0.0% YoY
Assessed land
$89,900
Assessed improvement
$558,300
Land market value
$143,840
Improvement market value
$893,280
Total market value
$1,037,120
Applied tax rate
313,202.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,840 SF
Lot
1.21 ac (52,708 SF)
Zoning code
06 - INDUSTRIAL
APN
313289 017.-03-01.3
UPID
US63-5176088
Jurisdiction
ONONDAGA
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
OFFICE BUILDING
Est. value
$580,000
RESTAURANT
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
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
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
ESW REALTY, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
65 GRAY RD STOP #4, FALMOUTH, ME 04105-2057
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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