Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6305 Meade Rd Syracuse, NY 13206-1638
    Back to Search
    Property profile & analytics

    6305 Meade Rd, Syracuse, NY 13206-1638

    View on Map
    • Investment properties
    • 1,740 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Jul 20, 2023
    Property ID
    US63-0132013
    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

    • Industrial Bearing Corporation / Auto Parts Store
    • Alliance Movers Syracuse NY / Moving Company

    Property Details for 6305 Meade Rd

    Year built
    1990
    Lot size
    0.20 lot acres
    Zone code
    06 - INDUSTRIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312689 031.-09-03.1
    APU
    31268903109031

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 21, 2024 — Summit Vision Realty LLC 1819 Lemoyne Avenue LLC Correction Deed · related —
    Jul 20, 2023 $170,000 Summit Visions Realty LLC 1819 Lemoyne Avenue LLC Warranty Deed —
    Jan 25, 2011 $82,000 Alpha Scents INC Ralph Destefanis Deed —
    Jan 24, 2005 $67,500 Ralph De Stefanis Company LLC Ibc Property & Leasing Deed —

    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
    -76.1118
    Latitude
    43.0781
    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
    $28,000
    $59,000
    $87,000
    -
    $28,000
    $59,000
    $87,000

    Comparable in this City

    • Value Estimation by Request
      1,782 SF

      2025 Teall Ave

      STORE/OFFICE (MIXED USE)
      2025 Teall Ave, Syracuse, NY 13206-1539
      View Details
    • Value Estimation by Request
      1,243 SF

      500 Midler Ave

      STORE/OFFICE (MIXED USE)
      500 Midler Ave, Syracuse, NY 13206-1816
      View Details
    • Value Estimation by Request
      1,176 SF

      2021 Teall Ave

      STORE/OFFICE (MIXED USE)
      2021 Teall Ave, Syracuse, NY 13206-1539
      View Details
    • Value Estimation by Request
      2,464 SF

      6511 Thompson Rd

      STORE/OFFICE (MIXED USE)
      6511 Thompson Rd, Syracuse, NY 13206-1401
      View Details
    • Value Estimation by Request
      1,428 SF

      2671 James St, Unit 73

      STORE/OFFICE (MIXED USE)
      2671 James St, Syracuse, NY 13206-2801
      View Details
    • Value Estimation by Request
      4,560 SF

      107 Leo Ave

      STORE/OFFICE (MIXED USE)
      107 Leo Ave, Syracuse, NY 13206-2355
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,000 SF

      Flex Investment Property For Sale

      42,000 SF flex space on 4.35 acres, 100% occupied.
      6085 Old Ct St, Syracuse, NY 13206
      View Details
    • $550,000

      Spacious Restaurant with Full Equipment

      Well-equipped restaurant with multiple dining areas and extensive kitchen.
      1370 Burnet Ave, Syracuse, NY 13206
      View Details
    • $190,000

      Eastwood Duplex with Updates

      Updated duplex in Eastwood, near amenities and transportation.
      317 S Midler Ave S, Syracuse, NY 13206
      View Details
    • New
      $189,900
      2,368 SF

      Updated 2-Unit Residential Duplex

      Two large, identical 3-bedroom units with recent roof and window replacements, plus ample off-street parking.
      324 Hixson Ave, Syracuse, NY 13206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,144 SF

      Syracuse Office Space for Lease

      Prime Teall Ave Office, 7144 sq ft
      2120 Teall Ave, Syracuse, NY 13206
      View Details
    • Contact for pricing

      Thompson Road Auto Service Center

      2,816 SF auto service center with showroom and flex space.
      6401 Thompson Rd, Syracuse, NY 13206
      View Details
    • Contact for pricing
      45,490 SF

      High-Tech Assembly Space Available

      Up to 32,000 SF of renovated flex/industrial space for lease.
      6040 Tarbell Rd, Syracuse, NY 13206
      View Details
    • Contact for pricing
      7,144 SF

      Syracuse Office Space for Lease

      Prime Office, 7144 sq ft, Onondaga County
      2120 Teall Ave, Syracuse, NY 13206
      View Details
    • Contact for pricing
      19,000 SF

      Syracuse Flex Space For Rent

      Flex space with recent upgrades, convenient highway access.
      6477 Ridings Rd, Syracuse, NY 13206
      View Details
    • Contact for pricing
      9,068 SF

      Retail Space on Thompson Road

      9,068 SF retail, office, and warehouse space for lease.
      6361 Thompson Rd, Syracuse, NY 13206
      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.
    6305 Meade Rd
    Syracuse, NY 13206-1638
    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
    6305 Meade Rd, Syracuse, NY, 13206
    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!