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    5575 Thompson Rd Syracuse, NY 13214
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    Property profile & analytics

    5575 Thompson Rd Syracuse, NY 13214

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    • Office buildings
    • 4,696 SF
    Off-Market
    Property ID
    US63-0137001
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United Church of Christ - New York Conference / Association Or Organization

    Property Details for 5575 Thompson Rd

    Year built
    1984
    Property size
    4,696 SF
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    PRIME VISIBLE LOCATION! A truly magnificent modern, flexible, spacious and maintained building. It's 4695 sq feet has spacious conference rooms, and numerous individual offices, kitchenettes and bathrooms. You can see this iconic building from busy Erie Blvd and the soon to be renovated Shoppingtown ... mall. It rests on an acre of well-manicured land with 15 -18 parking spaces including handicap spots. It is minutes to highways, Fayetteville, Manlius, or downtown Syracuse. The 3 separate entrances (1 is handicapped entrance), internal front & back stairways plus an elevator afford the owner many use options. The huge room on the 1st floor is a flexible space with an accordion dividing partition. Plenty of storage rooms and closets pus a HEATED attached garage. Architecture firm Hueber Hares and Glavin implemented sophisticated eye pleasing design elements such as cathedral ceilings, skylights, brick accents, built-in shelving and more! Come see it today! Take your use application to the Dewitt Zoning Board and make it into what you want.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0674457
    Latitude
    43.0401434

    Comparable in this City

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      18,961 SF

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      23,500 SF

      Syracuse Medical Center Opportunity

      23,500 SF clinical center available in Syracuse, NY.
      3229 E Genesee St, Syracuse, NY 13214
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    • New
      $59,900
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      East Syracuse Commercially Zoned Land

      17.37 acres of commercially zoned land for sale.
      L14 Fly Rd, East Syracuse, NY 13214
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    Similar Nearby for Sale

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      18,961 SF

      Retail Space For Sale

      Retail space available, offering 18,961 square feet.
      3130 Erie Blvd E, Dewitt, NY 13214
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    • Contact for pricing
      23,500 SF

      Syracuse Medical Center Opportunity

      23,500 SF clinical center available in Syracuse, NY.
      3229 E Genesee St, Syracuse, NY 13214
      View Details
    • New
      $59,900
      Pending

      East Syracuse Commercially Zoned Land

      17.37 acres of commercially zoned land for sale.
      L14 Fly Rd, East Syracuse, NY 13214
      View Details

    Similar Nearby for Lease

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      1,100 SF

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      400 SF

      Furnished Office Space Near Universities

      Furnished office space with private entrance and on-site parking.
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      3,250 SF

      Erie Boulevard Retail Space Available

      Retail space for lease in a dynamic shopping center.
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      19,282 SF

      Empire Plaza Retail Space Available

      19,282+/- SF in-line space for rent in Empire Plaza.
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    5575 Thompson Rd
    Syracuse, NY 13214
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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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