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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Sports & entertainment properties
581 State Fair Blvd, Syracuse, NY 13209-1551
Individually Owned
Free & Clear
Property ID
US63-2326584
Property profile
Verified
Property type
Sports & entertainment properties
Use group
FAIRGROUNDS
Year built
1930
Total area
65,027 SF
Lot
262.57 ac (11,437,549 SF)
Zoning code
06 - INDUSTRIAL
APN
313289 026.-01-04.1
UPID
US63-2326584
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
-
marine web Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Syracuse Wine & Chocolate Festival Music Venue
-
CNY RV Show Car Dealership
-
State Park at the Fair State Park
-
Syracuse - New York State Fair Station Train Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
STATE NEW YORK FAIRGROUNDS
STATE NEW YORK FAIRGROUNDS
Zoning & alternative use
06 - INDUSTRIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+12.4%
Auto repair, garage
$4.8M
+6.9%
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
RECREATIONAL/ENTERTAINMENT (GENERAL)
$4,490,000
Current use
OFFICE BUILDING
$5,045,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,800,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±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
$50 / 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
$8,283,300
Assessed 2023
Previous assessed
$8,283,300
+0.0% YoY
Assessed land
$6,579,300
Assessed improvement
$1,704,000
Land market value
$10,526,880
Improvement market value
$2,726,400
Total market value
$13,253,280
Applied tax rate
313,202.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Sports & entertainment properties
Use group
FAIRGROUNDS
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Total area
65,027 SF
Lot
262.57 ac (11,437,549 SF)
Zoning code
06 - INDUSTRIAL
APN
313289 026.-01-04.1
UPID
US63-2326584
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1930
Heating
NONE
Stories
1
Buildings
1
Lot
262.57 ac
Current owner
From public records · entity-resolved
STATE NEW YORK FAIRGROUNDS
Individual
Free & Clear · 0 yrs held
Mailing address
STATE FAIR BLVD, SYRACUSE, NY 13209
Mailing matches property
Yes
Owner-occupied
Yes
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.
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