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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 S Salina St Syracuse, NY 13202

    • Investment properties
    • 26,840 SF
    • 0.14 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2401775
    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

    • Credit Repair / Financial Advisor
    • DTLR / Clothing & Fashion Store

    Property Details for 317 S Salina St

    Year built
    1920
    Lot size
    0.14 lot acres
    Property size
    26,840 SF
    Zone code
    12
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    311500 101.-06-10.0
    APU
    31150010106100

    Description

    This exceptional 5,280 square foot commercial space at 317 S Salina St, Syracuse, NY, presents a remarkable opportunity for businesses seeking a vibrant downtown location. Situated in the Armory Square submarket, this Class A property boasts a versatile layout suitable for retail, office, or a combination thereof. The space features high ceilings and large windows, allowing for abundant natural light. While parking is street parking, the property benefits from its location in a bustling area with high foot traffic (10,574 AADT) and proximity to major roads and public transportation. Surrounded by a diverse mix of shops, restaurants, and entertainment venues, this location offers unparalleled visibility and accessibility. The zoning is COR, allowing for a variety of commercial uses. The asking rent is $15.00 per square foot, NNN, with a total NNN expense of $5.50 per square foot (Taxes: $3.15 PSF, Insurance: $2.35 PSF). The landlord is open to customizing the space to meet tenant needs and offers flexible lease terms. This is a turnkey opportunity to establish a thriving business in the heart of Syracuse's dynamic downtown core. The square footage and lease terms are negotiable. Contact us for details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,163,000
      Market price range: $1.04M - $3.10M
      AI Estimate
      $1,334,000
      Market price range: $727k - $1.88M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,045,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,875,000
      Change: +40% Conversion: Difficult
      OFFICE BUILDING
      $2,660,000
      Change: +30% Conversion: Easy
      RESTAURANT
      $2,615,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,040,000
      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
    -76.1518
    Latitude
    43.0482
    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
    $146,800
    $1,027,200
    $1,174,000
    -
    $227,597
    $1,592,558
    $1,820,155

    Comparable in this City

    • Value Estimation
      $8,200,000
      76,036 SF

      349 Warren St, Unit 53

      OFFICE/RESIDENTIAL (MIXED USE) • 76,036 SF
      349 Warren St, Syracuse, NY 13202-2007
      View Details
    • Value Estimation
      $4,335,000
      41,964 SF

      230 Willow St

      OFFICE/RESIDENTIAL (MIXED USE) • 41,964 SF
      230 Willow St, Syracuse, NY 13202-1026
      View Details
    • Value Estimation
      $2,215,000
      25,372 SF

      444 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 25,372 SF
      444 Genesee St, Syracuse, NY 13202-2117
      View Details
    • Value Estimation by Request
      4,040 SF

      233 Oakwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,040 SF
      233 Oakwood Ave, Syracuse, NY 13202
      View Details
    • Value Estimation
      $1,540,000
      12,000 SF

      216 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,000 SF
      216 Genesee St, Syracuse, NY 13202-1038
      View Details
    • Value Estimation
      $1,055,000
      15,514 SF

      501 Fayette St, Unit 5

      OFFICE/RESIDENTIAL (MIXED USE) • 15,514 SF
      501 Fayette St, Syracuse, NY 13202-1953
      View Details

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    Similar Nearby for Lease

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      477,610 SF

      Syracuse Office Space Available

      Prime Downtown Syracuse Office, Retail Space
      441 Salina St, Syracuse, NY 13202
      View Details
    • $25 SF/Yr
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      Downtown Syracuse Retail Space

      Prime location, multiple suites available
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      26,000 SF

      Downtown Office Space Available

      Up to 26,000 SF available in downtown Syracuse.
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    • $10,000 /Mo
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      Downtown Syracuse Office Space Available

      Prime downtown Syracuse office space with parking available for lease.
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      View Details
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    317 S Salina St
    Syracuse, NY 13202
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    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
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