Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6540 Old Collamer Rd East Syracuse, NY 13057-1273

    • Investment properties
    • 18,229 SF
    • 1.63 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2023
    $1,500,000
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3936986
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 6540 Old Collamer Rd

    Year built
    1973
    Lot size
    1.63 lot acres
    Property size
    18,229 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312689 025.-05-18.1
    APU
    31268902505181

    Description

    This exceptional 18,229-square-foot single-tenant industrial building, situated on 3.06 acres, presents a unique opportunity for lease or sale. Ideally located at the intersection of Old Collamer Road and NYS Route 298, near Carrier Circle, this high-profile property offers immediate access to I-90 via Exit 36 and other major interstates. Built in 1973, the one-story building boasts a 14.5-foot ceiling height and is 100% air-conditioned. The versatile space includes classroom areas, offices, and technical/industrial training zones, making it suitable for a variety of uses. Loading and unloading is facilitated by one truck-height loading dock and a drive-in bay with a 14-foot high overhead door. Ample parking is provided with 60 spaces. The property features 800 amps of 3-phase power (480V/3Ph) and is zoned for industrial use. The building is exceptionally well-maintained and presents a premier location for businesses seeking immediate occupancy. The flexible ownership structure is motivated to finalize a transaction quickly. This is a truly remarkable opportunity to acquire a well-located, functional, and adaptable industrial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,640,000
      ML approach
      $1,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,085,000
      Market price range: $625k - $1.64M
      AI Estimate
      $1,114,000
      Market price range: $612k - $1.93M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,200,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,950,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $1,935,000
      Change: +61% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,875,000
      Change: +56% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,085,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.0852
    Latitude
    43.0877
    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
    $111,000
    $682,100
    $793,100
    -
    $111,000
    $682,100
    $793,100

    Comparable in this City

    • Value Estimation by Request
      2,373 SF

      6596 Old Collamer Rd

      STORE/OFFICE (MIXED USE) • 2,373 SF
      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) • 10,660 SF
      5952 Butternut Dr, East Syracuse, NY 13057-9517
      View Details
    • Value Estimation
      $615,000
      18,744 SF

      5930 Fisher Rd

      STORE/OFFICE (MIXED USE) • 18,744 SF
      5930 Fisher Rd, East Syracuse, NY 13057-2913
      View Details
    • Value Estimation by Request
      10,706 SF

      747 Manlius St

      STORE/OFFICE (MIXED USE) • 10,706 SF
      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) • 3,874 SF
      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) • 3,582 SF
      210 Old Brg St, East Syracuse, NY 13057-2810
      View Details

    Similar Nearby for Sale

    • $2,500,000
      32,406 SF

      Investment Property with Leased Tenants

      Investment opportunity with long-term leases in place.
      6007 Fair Lakes Rd, East Syracuse, NY 13057
      View Details
    • $295,000
      2,373 SF

      East Syracuse Restaurant/Retail Space

      Prime location, vacant, owner financing possible.
      6596 Old Collamer Rd, East Syracuse, NY 13057
      View Details
    • $429,000

      Mixed-Use Property with Income Potential

      Mixed-use property featuring office, warehouse, and four income-producing apartments.
      108 Ball St, East Syracuse, NY 13057
      View Details
    • $2,600,000
      11,654 SF

      East Syracuse Mixed-Use Property

      Versatile 11,654 sq ft commercial building
      5930 Bowman Rd, East Syracuse, NY 13057
      View Details
    • $6,800,000
      22,779 SF

      Class A Office Building

      Class A office building with training facility in East Syracuse.
      6706 Collamer Rd, East Syracuse, NY 13057
      View Details
    • $114,900

      Commercial Land Ready For Development

      Commercial land suitable for warehouses, manufacturing, or office space.
      Schuyler Rd Rd, Cicero, NY 13057
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      89,000 SF

      Brittonfield Parkway Medical Office

      Class A Medical Office Suites Available
      4939 Brittonfield Pkwy, East Syracuse, NY 13057
      View Details
    • $16 SF/Yr
      6,556 SF

      Pioneer Business Park Office Suite

      Build-to-suit office suite in a vibrant business park.
      5009 Campuswood Dr, East Syracuse, NY 13057
      View Details
    • Contact for pricing
      710 SF

      Kirkville Road Medical/Office Suites

      Medical/office suites for lease near I-481 in East Syracuse.
      6700 Kirkville Rd, E Syracuse, NY 13057
      View Details
    • Contact for pricing
      7,000 SF

      Office/Medical Building To Be Constructed

      7,000 SF office/medical building, construction starting Spring 2025.
      812 Franklin Park Dr, East Syracuse, NY 13057
      View Details
    • $4,220 /Mo

      Office Building with Large Yard

      5,064 SF office building with yard for rent.
      6331 E Molloy Rd, Dewitt, NY 13057
      View Details
    • $4,220 /Mo
      5,064 SF

      East Syracuse Office Building For Rent

      5,064 SF office building with yard and generator.
      6331 E Molloy Rd, 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.
    6540 Old Collamer Rd
    East Syracuse, NY 13057-1273
    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

    Google sign-in failed. Please try again or use another login method.