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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Grocery and convenience stores
700 1st N St Syracuse, NY 13208-2180
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4054763
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Total area
32,784 SF
Lot
3.25 ac (141,570 SF)
Zoning code
10
APN
311500 006.-12-54.0
UPID
US63-4054763
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
-
CDReload by Crypto Dispensers Crypto Atm Atm
-
ATM Atm
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Tops Pharmacy
-
Jessica Copeland, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Realty Income Prop 16 LLC · 2 yrs held
Realty Income Prop 16 LLC
since 2024
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
10 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+107.0%
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
$4,390,000
ML approach
$4,390,000
CAP Approach
CAP Return
Estimation
6%
$4,835,000
6.5%
$4,465,000
7%
$4,145,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,650,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.39M (Jul 2 2024)
Last sale anchor
$4.39M
Jul 2 2024
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
$134 / 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
$1,720,000
Assessed 2023
Previous assessed
$1,720,000
+0.0% YoY
Assessed land
$161,000
Assessed improvement
$1,559,000
Land market value
$249,612
Improvement market value
$2,417,055
Total market value
$2,666,667
Applied tax rate
311,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
32,784 SF
Lot
3.25 ac (141,570 SF)
Zoning code
10
APN
311500 006.-12-54.0
UPID
US63-4054763
Jurisdiction
ONONDAGA
Zoning & alternative use
10 · Syracuse, NYZoning 10 · permitted uses
10 · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.7M
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
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
Realty Income Prop 16 LLC
Entity
Mailing address
550 LATONA RDBLDGE501, ROCHESTER, NY 14626-2700
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$4,387,870
Realty Income Prop 16 LLC
Tops Portfolio LLC
Warranty Deed
—
Apr 1, 2015
—
Tops Portfolio LLC
Morgan Pond Street LLC
Deed
—
Sep 21, 2012
$1,600,000
Morgan Pond Street LLC
Wegmans Food Markets INC
Deed
—
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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