New search
Property profile & analytics
FOR SALE
Community centers
512 W Onondaga St, Syracuse, NY 13204
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-3914217
For Sale
$1,295,000
512 W Onondaga St, Syracuse, NY 13204
View Listing →
Property summary
AI-generated overview
This exceptional 11,348-square-foot former Rite Aid building presents a unique investment opportunity in Syracuse, NY. Located at 512 W Onondaga St, this single-story, 1999-built structure sits on a 1.4-acre lot, offering significant frontage and access on both W Onondaga Street and Slocum Avenue. The property boasts approximately 71 parking spaces and a two-lane drive-thru, a highly desirable feature for various retail uses. The permitted zoning, MX-2, Neighborhood Commercial, allows for a range of potential conversions. The asking price is $1,295,000, translating to $114.12 per square foot. This well-located vacant building offers substantial potential for an investor or end-user seeking a prime retail space in a high-traffic area of Syracuse. The property's size, location, and existing infrastructure make it an attractive proposition for redevelopment or repurposing. The APN is 096.14-10.1. This is a sale by owner opportunity. The property is in Onondaga County, NY, zip code 13204.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Total area
11,186 SF
Lot
1.4 ac (60,984 SF)
Zoning code
10
APN
311500 096.-14-10.1
UPID
US63-3914217
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
9274 GROUP INC
9274 GROUP INC
Zoning & alternative use
10 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Syracuse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Syracuse submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Current use
OFFICE BUILDING
$1,110,000
Change: -7% · Conversion: Moderate
RESTAURANT
$1,090,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,102,000
Assessed 2023
Previous assessed
$1,102,000
+0.0% YoY
Assessed land
$263,000
Assessed improvement
$839,000
Land market value
$407,752
Improvement market value
$1,300,775
Total market value
$1,708,527
Applied tax rate
311,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1999
Heating
NONE
Buildings
1
Stories
1
Total area
11,186 SF
Lot
1.4 ac (60,984 SF)
Zoning code
10
APN
311500 096.-14-10.1
UPID
US63-3914217
Jurisdiction
ONONDAGA
Zoning & alternative use
10 · Syracuse, NY
Zoning 10 · permitted uses
10 · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Syracuse. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Buildings
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
9274 GROUP INC
Entity
Free & Clear · 0 yrs held
Mailing address
210 ELLICOTT SQ BLDG BLDG, BUFFALO, NY 14203-2402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
