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    8349 Brewerton Rd Cicero, NY 13039-9450
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    Property profile & analytics

    8349 Brewerton Rd Cicero, NY 13039-9450

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    • Investment properties
    • 2,028 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Mar 12, 2025
    $293,000
    Property ID
    US63-2855117
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Caza Contractors / Roofing Company / General Contractor
    • Frey Agency / Insurance Agency
    • Cosmo's Shoe & Leather Repair / (Bike/Boat/Book/etc) Store
    • Bottega Hair & Nail Boutique / Hair Salon / Nail Salon

    Property Details for 8349 Brewerton Rd

    Year built
    1968
    Lot size
    0.37 lot acres
    Property size
    2,028 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312289 048.-01-29.1
    APU
    31228904801291

    Description

    This 2,028 square foot storefront property at 8349 Brewerton Road in Cicero, NY, presents a compelling investment opportunity. Built in 1968, this single-story building sits on a 0.37-acre lot and is zoned COM1. Currently configured as four separate units, the property offers the potential for conversion back to five units, maximizing rental income. The building boasts a convenient common hall entrance with two bathrooms. Its highly visible location on Brewerton Road, with easy access to Route 31, ensures significant foot and vehicle traffic. Ample off-street parking is available, including a designated handicapped space. The property benefits from several long-term tenants and a recently installed air conditioning unit. Its strategic location near the Micron site further enhances its appeal. The property's convenient access to Route 31 is a significant advantage, with a simple three-right-turn route back to the highway. This property offers a blend of established tenancy and redevelopment potential, making it an attractive investment in a thriving commercial area. The asking price is $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Onondaga
    State
    New York
    Longitude
    -76.1195
    Latitude
    43.1746
    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
    $46,400
    $128,600
    $175,000
    -
    $64,445
    $178,611
    $243,056

    Comparable in this City

    • Value Estimation
      $1,250,000
      14,747 SF

      8379 Thompson Rd

      STORE/OFFICE (MIXED USE) • 14,747 SF
      8379 Thompson Rd, Cicero, NY 13039-9390
      View Details
    • Value Estimation by Request
      10,976 SF

      8150 Thompson Rd

      STORE/OFFICE (MIXED USE) • 10,976 SF
      8150 Thompson Rd, Cicero, NY 13039-9480
      View Details
    • Value Estimation
      $560,000
      4,000 SF

      6175 Rte 31

      STORE/OFFICE (MIXED USE) • 4,000 SF
      6175 Rte 31, Cicero, NY 13039
      View Details
    • Value Estimation by Request
      7,410 SF

      6176 Bay Rd

      STORE/OFFICE (MIXED USE) • 7,410 SF
      6176 Bay Rd, Cicero, NY 13039-8532
      View Details
    • Value Estimation by Request
      988 SF

      8253 Brewerton Rd

      STORE/OFFICE (MIXED USE) • 988 SF
      8253 Brewerton Rd, Cicero, NY 13039-9401
      View Details
    • Value Estimation
      $770,000
      8,805 SF

      8226 Brewerton Rd

      STORE/OFFICE (MIXED USE) • 8,805 SF
      8226 Brewerton Rd, Cicero, NY 13039-6404
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Cicero Corner Lot Opportunity

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      Cicero Industrial Land For Sale

      Industrial land in Cicero, NY, with highway access.
      Thompson Rd, Cicero, NY 13039
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    Similar Nearby for Lease

    • Contact for pricing
      1,850 SF

      Retail Space Near Micron Project

      Prime retail location near Micron Technologies with strong co-tenants.
      5962 Rte 31, Cicero, NY 13039
      View Details
    • Contact for pricing
      21,170 SF

      Cicero Retail Space Available

      21,170 square feet of retail space for rent.
      7952 Brewerton Rd, Cicero, NY 13039
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    • Contact for pricing
      2,400 SF

      Cicero Retail Space Available

      Retail space with easy access to Interstate 81 and Route 31.
      6197 Rte 31, Cicero, NY 13039
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      Cicero Land Parcel For Rent

      Land parcel available for rent in Cicero, New York.
      6417 Lana Ln, Cicero, NY 13039
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      8,400 SF

      Cicero Retail Opportunity

      Retail space available in Cicero, New York.
      7851 Brewerton Rd, Cicero, NY 13039
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      2,315 SF

      Cicero Medical & Office Spaces

      Medical and office spaces for lease in Cicero, NY.
      6221 Rte 31, Cicero, NY 13039
      View Details
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    Cicero, NY 13039-9450
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    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
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    8349 Brewerton Rd, Cicero, NY, 13039
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