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Property profile & analytics
OFF-MARKET
Investment properties
5630 Bear Rd Syracuse, NY 13212-1648
Individually Owned
14-yr Hold
Free & Clear
Property ID
US63-0962070
Property summary
AI-generated overview
This 3,300 sq ft creative office building in Syracuse, NY, is situated on a 0.52-acre lot at 5630 Bear Rd, 13212. Built in 1980, this single-story building features two units and 24 parking spaces. The property boasts excellent visibility, being just one block from Route 11, ensuring high traffic exposure. Recent upgrades include a brand new roof (2024), a Goodman rooftop furnace (installed December 2013), a replaced blower motor in the TempStar AC unit (July 2018), and a new hot water tank (May 2022). Currently used as a hair salon (equipment excluded from sale), this versatile space is ideal for retail, office, or business services. Convenient access to major roadways, including Routes 81, 690, and 481, adds to its appeal. The property is available for occupancy on October 31, 2024, and is offered at an asking price of $379,000. The estate of Frank M. Barletta is the current owner.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1980
Total area
3,300 SF
Lot
0.52 ac (22,680 SF)
APN
312201 013.-01-16.1
UPID
US63-0962070
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
-
Chubb Group of Insurance Co Insurance Agency
-
Concepts In Hair Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frank M Barletta · 14 yrs held
Frank M Barletta
since 2012
Last sale
$355,000
2 recorded transactions
Zoning & alternative use
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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$204,000
Assessed 2023
Previous assessed
$204,000
+0.0% YoY
Assessed land
$26,000
Assessed improvement
$178,000
Land market value
$36,111
Improvement market value
$247,222
Total market value
$283,333
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,300 SF
Lot
0.52 ac (22,680 SF)
APN
312201 013.-01-16.1
UPID
US63-0962070
Jurisdiction
ONONDAGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Frank M Barletta
Individual
Free & Clear · 14 yrs held
Mailing address
120 JEWELL DR, LIVERPOOL, NY 13088-5420
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2012
$204,000
Frank M Barletta
Irongate Holdings LLC
Deed
—
Jan 25, 2010
$162,500
Irongate Holdings LLC
1232 Loudon 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.
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