Property profile

3023 Erie E Blvd Syracuse, NY 13224

OFF-MARKET
Turn key restaurants
Property ID
US63-1692898
11,439 SF 1.85 ac lot Built 2002
Trust Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Total area 11,439 SF
Lot 1.85 ac (80,586 SF)
Zoning code 05 - COMMERCIAL
APN 311500 033.-01-07.0
UPID US63-1692898

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Restaurant

Location

3023 Erie E Blvd Syracuse, NY 13224-1403
Syracuse metro Census 3602 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.44M

Owner & transaction history

since 2008
2 recorded transactions
2008
$1.4M
2007
$1.1M

Zoning & alternative use

05 - COMMERCIAL · Syracuse, NY
Top alternative use upside
Neighborhood: shopping center $1.2M +9.9%
Office building $1.1M +1.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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