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    Property profile & analytics
    OFF-MARKET Estimated value $835,000
    Warehouses

    4000 New Ct Ave, Syracuse, NY 13206-1639

    9,500 SF 0.58 ac lot Built 1950
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-1603674
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $915k
    CAP Approach CAP
    $790k
    Comparable Approach Comparable
    $552k
    Blend (final) Blend
    $835k
    Owner & transaction history
    Mf 25 Distributors Corp · 2 yrs held
    Mf 25 Distributors Corp
    since 2023
    Last sale
    $800,000
    2 recorded transactions
    2023
    $800,000
    2022
    $305,000
    Zoning & alternative use
    06 - INDUSTRIAL · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.0M +93.3%
    Office building $940,000 +79.1%
    Restaurant $925,000 +75.9%
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