Retail Property in Affluent
3881 NY-31 Liverpool, NY
3881 NY-31, Liverpool, NY, 00000
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For Sale
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Retail property with multiple income sources and future upside.
Property Size15,501 SF
Lot Size1.77 Acres
Price / SF$208.14
Days on Market542
Property Features for 3881 NY-31
General Information
- Standard status
- Active
- Size
- 15,501 SF
- Lot size
- 1.77 Acres
- Property subtype
- RETAIL
Listing Agency
NNN Pro Group
(480) 339-4331
Listed by
Cassandra Mosser · License #AZ SA677563000
Source
Moodyscre
Added: Jan 24, 2025 Updated: Jul 6 at 10:02 am Checked: Jul 19 at 4:41 am
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 NNN Pro Group
Investment Insights
Based on property information with market context.
This retail property benefits from its location in a dense retail corridor anchored by Home Depot and Target. The property generates $225,847 of NOI, including $22,770 annual income from a Verizon Cell Tower lease, in addition to retail tenant leases. The weighted average lease term is over 3.94 years. Located in an affluent community, the average household income within a three-mile radius exceeds $108,700. Mattress Express is currently on a gross lease. Pinnacle has a 30% increase in less than 2 years. The property has an average price per square foot of $213 and an average rent per square foot of $14.57. The property contains 15501 square feet.
Key Highlights
- Multiple Sources of Income: Generates $225,847 NOI, including a Verizon Cell Tower lease ($22,770 annually) and retail tenant leases.
- Affluent Community: Located in an area with an average household income exceeding $108,700 within a three‑mile radius.
- Future Upside: Pinnacle has a 30% increase in less than 2 years.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.0k | $18.00 |
| − Vacancy | −$11.7k | −$0.76 |
| EGI | $267.3k | $17.24 |
| − OpEx | −$80.2k | −$5.17 |
| NOI | $187.1k | $12.07 |
15,501 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $187,109 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,572 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail property with multiple income sources and future upside.
Where is this strip mall located?
The property is located at 3881 NY-31 Liverpool, NY.
What is the asking price?
The asking price for this property is $3,226,386.
What are key features of this property?
This property features: Multiple Sources of Income: Generates $225,847 NOI, including a Verizon Cell Tower lease ($22,770 annually) and retail tenant leases.; Affluent Community: Located in an area with an average household income exceeding $108,700 within a three‑mile radius.; Future Upside: Pinnacle has a 30% increase in less than 2 years.
