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Property profile & analytics
OFF-MARKET
Estimated value
$5,175,000
Motels
5414 Bay Rd, Syracuse, NY 13212-3801
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0542042
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Total area
64,992 SF
Lot
1.95 ac (84,942 SF)
Zoning code
06 - INDUSTRIAL
APN
314889 058.-01-03.2
UPID
US63-0542042
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
-
Candlewood Suites Syracuse-Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.18M
Owner & transaction history
Palmyra Hospitiality LLC · 1 yrs held
Palmyra Hospitiality LLC
since 2024
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+404.7%
Restaurant
$7.8M
+403.5%
Auto repair, garage
$6.8M
+338.5%
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
$5,900,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
$6,250,000
6.5%
$5,770,000
7%
$5,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,765,000
Change: +405% · Conversion: Difficult
RESTAURANT
$7,750,000
Change: +404% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,750,000
Change: +339% · Conversion: Difficult
RETAIL STORES
$3,495,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$3,195,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±10% · vs last sale $4.00M (Apr 15 2024)
Last sale anchor
$4.00M
Apr 15 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
$80 / 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
$3,800,000
Assessed 2023
Previous assessed
$3,300,000
+15.2% YoY
Assessed land
$400,000
Assessed improvement
$3,400,000
Land market value
$449,438
Improvement market value
$3,820,225
Total market value
$4,269,663
Applied tax rate
312,403.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
64,992 SF
Lot
1.95 ac (84,942 SF)
Zoning code
06 - INDUSTRIAL
APN
314889 058.-01-03.2
UPID
US63-0542042
Jurisdiction
ONONDAGA
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · 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
COMMERCIAL (GENERAL)
Est. value
$7.8M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2003
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Palmyra Hospitiality LLC
Entity
Mailing address
230 5TH AVE, NEW YORK, NY 10001-7704
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
Feb 7, 2025
—
Syracuse Airport Partners
—
Deed
related
$1,500,000 · Digital FCU
Jul 15, 2024
$4,000,000
Palmyra Hospitiality LLC
Cwp Syracuse I LLC
Deed
$449,899 · Digtal FCU
Jun 15, 2022
$4,868,750
Cwp Syracuse 1 LLC
Rss Comm 2014 Cr 18 Ny
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.
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