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Property profile & analytics
FOR SALE
Warehouses
532 State Fair Blvd, Syracuse, NY 13204
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-0175034
For Sale
1 / 15
$1,200,000
532 State Fair Blvd, Syracuse, NY 13204
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
12,504 SF
Lot
1.94 ac (84,506 SF)
Zoning code
22
APN
311500 114.-02-31.0
UPID
US63-0175034
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
Current use
Occupant on record · Public records
-
Miller Environmental Group Environmental Consultant Environmental Program
-
napa Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$780k
Owner & transaction history
Agm 1 Hld LLC · 2 yrs held
Agm 1 Hld LLC
since 2024
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
22 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+79.1%
Restaurant
$1.2M
+75.9%
Auto repair, garage
$950,000
+37.3%
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%
$1,130,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
OFFICE BUILDING
$1,240,000
Change: +79% · Conversion: Difficult
RESTAURANT
$1,220,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$750,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $700k (Mar 7 2024)
Last sale anchor
$700k
Mar 7 2024
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
$62 / 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
$430,000
Assessed 2023
Previous assessed
$430,000
+0.0% YoY
Assessed land
$115,500
Assessed improvement
$314,500
Land market value
$179,070
Improvement market value
$487,597
Total market value
$666,667
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1990
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
12,504 SF
Lot
1.94 ac (84,506 SF)
Zoning code
22
APN
311500 114.-02-31.0
UPID
US63-0175034
Jurisdiction
ONONDAGA
Zoning & alternative use
22 · Syracuse, NY
Zoning 22 · permitted uses
22 · 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
WAREHOUSE, STORAGE Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$750,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Agm 1 Hld LLC
Entity
Free & Clear · 2 yrs held
Mailing address
532 STATE FAIR BLVD, SYRACUSE, NY 13204-1142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
532 State Fair Blvd LLC
—
Deed
related
$690,000 · Nbt Bank National Association
Jun 11, 2024
$3,000,000
Agm 1 Hld LLC
Cannon Tire INC
Deed
—
Jun 7, 2024
$700,000
532 State Fair Blvd LLC
Environmental Prod LLC
Deed
—
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?”
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