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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
7085 Manlius Ctr Rd, East Syracuse, NY 13057-2607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-6263951
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
4,144 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C
APN
313889 062.-03-31.5
UPID
US63-6263951
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
-
Hart-Lyman Co Construction Company General Contractor
-
FedEx Drop Box Postal Service Courier Service
-
DRCS IT Solutions Information Services
-
DR Pontoon Rentals Boat Rental Service
-
Hart Brokerage Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$690k
Owner & transaction history
Rld Development LLC · 3 yrs held
Rld Development LLC
since 2023
Last sale
$675,000
3 recorded transactions
Zoning & alternative use
C · East Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$445,000
+0.9%
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 East Syracuse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$735,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$440,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $675k (May 8 2023)
Last sale anchor
$675k
May 8 2023
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
$167 / 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
$606,000
Assessed 2023
Previous assessed
$505,500
+19.9% YoY
Assessed land
$107,200
Assessed improvement
$498,800
Land market value
$107,200
Improvement market value
$498,800
Total market value
$606,000
Applied tax rate
312,601.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,144 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C
APN
313889 062.-03-31.5
UPID
US63-6263951
Jurisdiction
ONONDAGA
Zoning & alternative use
C · East Syracuse, NY
Zoning C · permitted uses
C · East Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Syracuse. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$425,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Rld Development LLC
Entity
Mailing address
8888 SENECA AVE, CICERO, NY 13039-9753
Ownership since
2023
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
May 8, 2023
$675,000
Rld Development LLC
Guy W Hart Family LLC
Warranty Deed
$337,500 · Nbt Bank National Association
May 8, 2023
—
Rld Development LLC
—
Deed
related
$270,000 · Greater Syracuse Bus
Mar 26, 2013
—
Guy W Hart Family LLC
Guy Hart
Quit Claim Deed
related
—
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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