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170 Intrepid Ln 5,740 SF 100% Leased Office Building Syracuse, NY 13205 $749,000 ($130.49/SF) 7.70% Cap Rate
Investment Highlights
- Stable Medical Cashflow
- Well Maintained Property
- Quality Tenants
Executive Summary
Medical Office Investment Opportunity. 100% Fully leased.
Stable & well managed investment property with 2 stable medical tenants.
Both leases were 10 yrs with 5 & 7 remaining at average rents of $17.50psf(modified gross).
Stable & well managed investment property with 2 stable medical tenants.
Both leases were 10 yrs with 5 & 7 remaining at average rents of $17.50psf(modified gross).
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,740 SF
Building Class
B
Year Built
1992
Price
$749,000
Price Per SF
$130.49
Cap Rate
7.70%
NOI
$57,673
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,740 SF
Slab To Slab
15’
Building FAR
0.13
Lot Size
1.01 AC
Zoning
CM - Commercial - The CM district is established to provide appropriate areas that permit the development and continued use of land for commercial and service uses.
Parking
30 Spaces (5.23 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Skylights
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Neurology
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Neurology | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 311500-062-000-0002-016-001-0000 | Total Assessment | $365,100 (2024) |
| Land Assessment | $98,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $267,100 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
311500-062-000-0002-016-001-0000
Land Assessment
$98,000 (2024)
Improvements Assessment
$267,100 (2024)
Total Assessment
$365,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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170 Intrepid Ln
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