Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6477 Ridings Rd Syracuse, NY 13206
    Property profile & analytics

    6477 Ridings Rd Syracuse, NY 13206

    View on Map
    • Warehouses
    • 28,160 SF
    • 1.14 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    Syracuse Flex Space For Rent For Lease
    $5 SF/Yr
    19,000 SF

    Syracuse Flex Space For Rent

    Flex space with recent upgrades, convenient highway access.

    6477 Ridings Rd, Syracuse, NY
    View Listing
    Property ID
    US63-5997041
    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
    $885,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sweeney Rogers Corporation / Industrial Manufacturer / Production Facility
    • Embroidery M.O.M. / Vocational School / Training Center
    • Bomac Inc. / Industrial Manufacturer / Production Facility
    • Croy & Associates / Distribution Center / Logistics Company

    Property Details for 6477 Ridings Rd

    Year built
    1960
    Lot size
    1.14 lot acres
    Property size
    28,160 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Warehouses
    APN
    312689 023.-07-06.0
    APU
    31268902307060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000
      ML approach
      $1,055,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $932,000
      Market price range: $618k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1091
    Latitude
    43.0842
    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
    $45,000
    $659,000
    $704,000
    -
    $45,000
    $659,000
    $704,000

    Comparable in this City

    • Value Estimation by Request
      1,176 SF

      5968 Ct St Rd

      WAREHOUSE, STORAGE • 1,176 SF
      5968 Ct St Rd, Syracuse, NY 13206-1708
      View Details
    • Value Estimation
      $565,000
      23,027 SF

      386 Midler Ave Rear

      WAREHOUSE, STORAGE • 23,027 SF
      386 Midler Ave Rear, Syracuse, NY 13206-2230
      View Details
    • Value Estimation
      $2,200,000
      80,498 SF

      6486 Ridings Rd

      WAREHOUSE, STORAGE • 80,498 SF
      6486 Ridings Rd, Syracuse, NY 13206-1141
      View Details
    • Value Estimation by Request
      5,948 SF

      393 Collingwood Ave

      WAREHOUSE, STORAGE • 5,948 SF
      393 Collingwood Ave, Syracuse, NY 13206-2205
      View Details
    • Value Estimation by Request
      6,320 SF

      5800 Ct St Rd

      WAREHOUSE, STORAGE • 6,320 SF
      5800 Ct St Rd, Syracuse, NY 13206-1703
      View Details
    • Value Estimation by Request
      11,000 SF

      5916 Ct St Rd

      WAREHOUSE, STORAGE • 11,000 SF
      5916 Ct St Rd, Syracuse, NY 13206-1706
      View Details

    Similar Nearby for Sale

    • $89,000
      Pending

      Syracuse Flex Space Opportunity

      1912 SF flex space near Syracuse and major routes.
      1455 Burnet Ave, Syracuse, NY 13206
      View Details
    • $410,000
      5,000 SF

      Versatile Flex Space Available

      Adaptable 5000 SF flex space suitable for various purposes.
      143 Midler Park Dr, Syracuse, NY 13206
      View Details
    • Contact for pricing
      33,600 SF

      Industrial Building with Manufacturing Plant

      33,600 SF industrial building with manufacturing and office space.
      5960 Court Street Rd, Syracuse, NY 13206
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      9,200 SF

      Burnet Avenue Warehouse/Retail Space

      Warehouse and retail space available for lease on Burnet Avenue.
      3318-3320 Burnet 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
      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 Teall Ave Office, 7144 sq ft
      2120 Teall Ave, 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
    View Listing
    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.
    6477 Ridings Rd
    Syracuse, NY 13206
    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
    6477 Ridings 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!