Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5948 Butternut Dr East Syracuse, NY 13057-9517
    Property profile & analytics

    5948 Butternut Dr, East Syracuse, NY 13057-9517

    View on Map
    • Investment properties
    • 10,540 SF
    • 1.30 lot acres
    Off-Market
    Property ID
    US63-6172580
    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

    • Syracuse Lightscapes, Inc. / Landscaping / General Contractor
    • Syracuse Construction, Inc. / Construction Company

    Property Details for 5948 Butternut Dr

    Year built
    1970
    Lot size
    1.30 lot acres
    Zone code
    06 - INDUSTRIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312689 014.-04-13.1
    APU
    31268901404131

    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
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0453
    Latitude
    43.0597
    CBSA code
    45060
    CBSA name
    SYRACUSE, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $51,000
    $260,600
    $311,600
    -
    $51,000
    $260,600
    $311,600

    Comparable in this City

    • Value Estimation by Request
      2,373 SF

      6596 Old Collamer Rd

      STORE/OFFICE (MIXED USE)
      6596 Old Collamer Rd, East Syracuse, NY 13057-1273
      View Details
    • Value Estimation by Request
      10,660 SF

      5952 Butternut Dr

      STORE/OFFICE (MIXED USE)
      5952 Butternut Dr, East Syracuse, NY 13057-9517
      View Details
    • Value Estimation
      $615,000
      18,744 SF

      5930 Fisher Rd

      STORE/OFFICE (MIXED USE)
      5930 Fisher Rd, East Syracuse, NY 13057-2913
      View Details
    • Value Estimation by Request
      10,706 SF

      747 Manlius St

      STORE/OFFICE (MIXED USE)
      747 Manlius St, East Syracuse, NY 13057-2163
      View Details
    • Value Estimation by Request
      3,874 SF

      6802 Manlius Ctr Rd

      STORE/OFFICE (MIXED USE)
      6802 Manlius Ctr Rd, East Syracuse, NY 13057-2937
      View Details
    • Value Estimation by Request
      3,582 SF

      210 Old Brg St

      STORE/OFFICE (MIXED USE)
      210 Old Brg St, East Syracuse, NY 13057-2810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,373 SF

      Former Restaurant Site in Syracuse

      East Syracuse location ideal for restaurant, office, or retail.
      6596 Old Collamer Rd, East Syracuse, NY 13057
      View Details
    • Contact for pricing
      8,000 SF

      Established Medical Transportation Business Opportunity

      Thriving medical transportation business with contracts and growth potential.
      6500 New Venture Gear Dr, East Syracuse, NY 13057
      View Details
    • $325,000

      East Syracuse Mixed-Use Investment Property

      Fully occupied commercial building with long-term tenants and steady income.
      246 Kinne St, Dewitt, NY 13057
      View Details
    • Contact for pricing
      3,300 SF

      Mixed-Use Investment Opportunity

      Retail, warehouse, and apartments. Redevelopment potential.
      7545 Kirkville Rd, East Syracuse, NY 13057
      View Details
    • Contact for pricing
      6,000 SF

      Erie Boulevard Office Space For Sale

      Office space for sale on a high-traffic retail corridor.
      3125 Erie Blvd E, Syracuse, NY 13057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      507 SF

      Collamer Office Building Space Available

      Office spaces for rent in a well-maintained building.
      6670 Old Collamer Rd, E Syracuse, NY 13057
      View Details
    • Contact for pricing
      1,895 SF

      Furnished Office Space Available

      Move-in ready office space with flexible lease terms.
      5000 Campuswood Dr, East Syracuse, NY 13057
      View Details
    • Contact for pricing
      1,660 SF

      Class B Office Building

      12,000 SF office building near Interstate 481.
      6315 Fly Rd, E Syracuse, NY 13057
      View Details
    • Contact for pricing

      Office Suite in Quiet Office Park

      Office suite with private offices, open space, and conference rooms.
      5852 Heritage Landing Dr, East Syracuse, NY 13057
      View Details
    • Contact for pricing
      2,870 SF

      Divisible Office Building with Garage

      16,500 SF office building divisible into 2,000+ SF suites.
      1 Adler Dr, E Syracuse, NY 13057
      View Details
    • Contact for pricing
      30,000 SF

      New Warehouse Construction Opportunity

      Proposed warehouse construction with exterior storage in East Syracuse, NY.
      6808 Crossbow Dr, East Syracuse, NY 13057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5948 Butternut Dr
    East Syracuse, NY 13057-9517
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5948 Butternut Dr, East Syracuse, NY, 13057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!