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Property profile & analytics
OFF-MARKET
Estimated value
$17,000,000
Hotels
701 Genesee St 5 Syracuse, NY 13210-1505
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1577575
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1969
Total area
172,066 SF
Lot
1.22 ac (53,143 SF)
Zoning code
10
APN
311500 048.-01-11.0
UPID
US63-1577575
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
-
Amazon Locker - Burgundy Postal Service Courier Service
-
Redfield's Restaurant Restaurant
-
Weighlock Lounge Nightclub Bar & Pub
-
Crowne Plaza Syracuse Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.00M
CAP Approach
CAP
$15.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
701 Genesee LLC · 1 yrs held
701 Genesee LLC
since 2024
Last sale
$17.0M
5 recorded transactions
Zoning & alternative use
10 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.7M
+334.9%
Auto repair, garage
$15.9M
+291.4%
Commercial (general)
$13.5M
+230.5%
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
$17,000,000
ML approach
$17,000,000
CAP Approach
CAP Return
Estimation
6%
$16,540,000
6.5%
$15,270,000
7%
$14,180,000
Alternative Use
Use
Estimation
RESTAURANT
$17,720,000
Change: +335% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,945,000
Change: +291% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,465,000
Change: +230% · Conversion: Difficult
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±10% · vs last sale $17.00M (Oct 23 2024)
Last sale anchor
$17.00M
Oct 23 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
$99 / 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
$10,100,000
Assessed 2023
Previous assessed
$10,100,000
+0.0% YoY
Assessed land
$1,100,000
Assessed improvement
$9,000,000
Land market value
$1,705,426
Improvement market value
$13,953,489
Total market value
$15,658,915
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
20
Total area
172,066 SF
Lot
1.22 ac (53,143 SF)
Zoning code
10
APN
311500 048.-01-11.0
UPID
US63-1577575
Jurisdiction
ONONDAGA
Zoning & alternative use
10 · Syracuse, NY
Zoning 10 · permitted uses
10 · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Syracuse. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$13.5M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1969
Heating
NONE
Cooling
Yes
Stories
20
Buildings
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
701 Genesee LLC
Entity
Mailing address
5801 ULMERTON RD, CLEARWATER, FL 33760-3905
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$17,000,000
701 Genesee LLC
Tjm Syracuse LLC
Deed
$17,966,816 · Orange Lendco LLC
Sep 27, 2018
—
Gary L Rustay
—
Deed
related
$112,000 · Key Bank NA
May 18, 2016
$15,200,000
Tjm Syracuse, LLC
Richfield Syracuse Hotel
Deed
—
May 18, 2016
$13,000,000
Tjm Syracuse, LLC
Richfield Syracuse Hotel
Deed
—
Jul 26, 2010
$28,000,000
Richfield Syr Hotel Prtn
The Marx Syracuse LLC
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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