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    5010 Campuswood Dr East Syracuse, NY 13057-1229
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    Property profile & analytics

    5010 Campuswood Dr East Syracuse, NY 13057-1229

    View on Map
    • Office buildings
    • 71,269 SF
    • 7.04 lot acres
    Off-Market
    Property ID
    US63-3586986
    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.
    Value Estimations
    $6,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ferrara Fiorenza PC / Law Firm
    • Militello Christopher / Law Firm
    • Specialist Nutrition LLC / Agricultural Service
    • Benefit Design Services Corporation / Insurance Agency
    • Homestead Financial / Loan Service

    Property Details for 5010 Campuswood Dr

    Year built
    1989
    Lot size
    7.04 lot acres
    Property size
    71,269 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Office buildings
    APN
    312689 027.-01-01.3
    APU
    31268902701013

    Description

    This premier Class A office park in East Syracuse, NY, offers 170,000 square feet of versatile space across two three-story buildings. The property, built in 1990 and extensively renovated in 2024, features 15 suites ranging from a minimum of 1,300 to a maximum contiguous 11,500 square feet, with 11,500 square feet currently vacant. The park boasts a true park-like atmosphere, complete with ponds, walking paths, picnic areas, and beautifully landscaped grounds, including flower gardens and mature trees. Amenities include ample parking (850 spaces), three passenger elevators, 14-foot ceilings, and a shared 20+ person conference room and kitchenette. Each building offers on-site cleaning and maintenance, along with common area conference rooms and restrooms. The property is conveniently located near Rt. 298 & New Venture Gear in the Carrier Circle submarket, zoned commercial, and offers power at 200 amps. Ideal for executive, medical, creative, professional, or traditional office uses. This exceptional property provides a unique blend of functionality and aesthetic appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,011,000
      Market price range: $4.44M - $10.9M
      AI Estimate
      $3,908,000
      Market price range: $1.95M - $6.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,560,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $7,630,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,340,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0772
    Latitude
    43.0913
    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
    $506,000
    $3,413,800
    $3,919,800
    -
    $506,000
    $3,413,800
    $3,919,800

    Comparable in this City

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      View Details
    • Value Estimation
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      44,420 SF

      281 Sanders Crk Pkwy

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    • Value Estimation by Request
      1,248 SF

      100 Washburn Dr

      PROFESSIONAL BUILDING • 1,248 SF
      100 Washburn Dr, East Syracuse, NY 13057-1632
      View Details
    • Value Estimation
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      115,096 SF

      6333 Rte 298

      OFFICE BUILDING • 115,096 SF
      6333 Rte 298, East Syracuse, NY 13057
      View Details
    • Value Estimation
      $3,905,000
      28,282 SF

      5400 Butternut Dr

      OFFICE BUILDING • 28,282 SF
      5400 Butternut Dr, East Syracuse, NY 13057-8510
      View Details
    • Value Estimation
      $3,945,000
      46,088 SF

      5703 Enterprise Pkwy

      OFFICE BUILDING • 46,088 SF
      5703 Enterprise Pkwy, East Syracuse, NY 13057-2950
      View Details

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    East Syracuse, NY 13057-1229
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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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