Property profile

4000 New Ct Ave Syracuse, NY 13206

OFF-MARKET
Warehouses
Property ID
US63-1603674
9,500 SF 0.58 ac lot Built 1950
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This 9,500-square-foot industrial flex building in Syracuse, NY, offers a versatile space for a variety of businesses. Located at 4000 New Ct Ave, this single-tenant property boasts a prime location with 125 feet of road frontage on the corner of Eastbourne Drive and New Court Ave. The building features 14-foot high ceilings under the joists, providing ample vertical space. Access is provided by one 12' x 14' overhead door, plus four loading docks with sixteen dock-high doors. There is also one drive-in door for convenient loading and unloading. The property includes five total parking spaces. The building has recently undergone significant improvements, including a new façade and exterior design, new three-phase electric service, energy-efficient LED lighting, and a Reznor heating system. The roof is in excellent condition. The property is zoned industrial within the Town of Dewitt and enjoys exceptional access to major transportation arteries, including I-690, I-90, I-481, and I-81. Lease terms and pricing are negotiable. This is a fantastic opportunity for a business seeking a well-maintained, strategically located industrial flex space in Syracuse.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 9,500 SF
Lot 0.58 ac (25,265 SF)
Zoning code 06 - INDUSTRIAL
APN 312689 031.-10-01.1
UPID US63-1603674

Cap rate & NOI

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

Location

4000 New Ct Ave Syracuse, NY 13206-1639
Syracuse metro Census 14400 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
$790k
Comparable Approach Comparable
$552k
Blend (final) Blend
$870k

Owner & transaction history

since 2023
Last sale
$800,000
2 recorded transactions
2023
$800,000
2022
$305,000

Zoning & alternative use

06 - INDUSTRIAL · Syracuse, NY
Top alternative use upside
Neighborhood: shopping center $1.0M +93.3%
Office building $940,000 +79.1%
Restaurant $925,000 +75.9%

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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