Fully Leased Industrial Investment
For Sale
Contact for pricing
114 Salina St, Liverpool, NY 13088
Two-building, 13,933 SF industrial property on 1.52 acres.
Property Size13,933 SF
Lot Size1.52 Acres
Price / SF$100.48
Days on Market159
Property Features for 114 Salina St
General Information
Standard status
Active
Size
13,933 SF
Class
C
Lot size
1.52 Acres
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1985
Buildings
2
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 13 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IronHorn Enterprises
Investment Insights
Based on property information with market context.
Located at 114–116 Salina Street in Liverpool, New York, this property offers a fully leased industrial investment opportunity. The site includes two buildings totaling 13,933 square feet on a 1.52-acre parcel. Constructed in 1985, the property features functional industrial space with 10’ clear heights and three drive-in doors, suitable for light industrial, service, or warehouse users. The site provides ample outdoor space for parking, storage, or operational flexibility, accommodating tenants needing both building and yard capabilities. The property is strategically located minutes from I-90 (NYS Thruway) and I-81, within one of Central New York’s active industrial corridors. This location offers excellent regional connectivity and convenient access to the greater Syracuse market. The property's proximity to major transportation routes, a strong local labor pool, and established industrial surroundings supports stable tenant demand and long-term investment appeal.
Key Highlights
- Fully leased industrial investment property
- Strategic location near I‑90 (NYS Thruway) and I‑81, providing excellent regional connectivity
- Functional industrial space totaling 13,933 square feet across two buildings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,240
$1.3M
Cap Rate 7%
$893,743
$893.7K
Cap Rate 9%
$695,133
$695.1K
Market Conditions
NOI Build-Up for 13,933 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.0K $6.89/SF
− Vacancy
−$6.6K −$0.48/SF
EGI
$89.4K $6.41/SF
− OpEx
−$26.8K −$1.92/SF
NOI
$62.6K $4.49/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,240
Cap Rate 7%
$893,743
Cap Rate 9%
$695,133
Alternative Uses
Best Use
Industrial
$893.7K
$782.0K – $1.04M
NOI $62,562 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,497 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 13088, NY
22,331
Population
11,242
Households
2
Avg Household Size
43
Median Age
35%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,690
Density / Sq Mi
$73,814
Median Household Income
$46,985
Median Earnings
$1,104
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two-building, 13,933 SF industrial property on 1.52 acres.
Where is this industrial property located?
The property is located at 114 Salina St Liverpool, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully leased industrial investment property; Strategic location near I‑90 (NYS Thruway) and I‑81, providing excellent regional connectivity; Functional industrial space totaling 13,933 square feet across two buildings
