Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 2Nd St Salina, NY 13088

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $153,900

    Multi-unit home in Liverpool, close to amenities and highways.

    Lot size:
    0.20 Acres

    Property Features for 600 2Nd St

    General Information

    Property type
    Multi Family
    Standard status
    Pending
    Lot size
    0.20 Acres

    Building Details

    Year built
    1850

    We can help!

    Listing Contact
    Scott Hier
    Source: Elliman

    Listing Agent: Scott Hier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Liverpool Village Multi-Unit Home

    This multi-unit brick home is located in the village of Liverpool on a corner lot. Each apartment features 2 bedrooms and 1 bathroom. There are 6 paved parking spots for tenants, accessible from Bass St. The upstairs apartment has been cleared of old materials, providing a blank slate. Updates include new windows in the upstairs apartment installed by C Michael Exteriors with a lifetime warranty, and new entry doors to each apartment in 2020. The back roof was replaced in 2019, and the main roof was replaced in 2023 with a transferrable warranty. The property is within walking distance to shopping, restaurants, and Onondaga Lake Parkway, with major highways nearby. The property is being sold "as is".
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Onondaga
    State
    New York
    Longitude
    -76.2136318
    Latitude
    43.104687

    Nearby Similar for Sale

    • $495,000
      Pending

      Mixed-Use Property in Prime Location

      Retail and office space in the village of Liverpool.
      407 Tulip St, Salina, NY 13088
      View Details
    • $525,000

      Mixed-Use Property with Income Potential

      Versatile commercial property featuring diner, garage, and apartment.
      3604 Court St, Salina, NY 13206
      View Details
    • $1,100,000

      Profitable Car Wash Business Opportunity

      Car wash with tunnel, self-serve bays, and detail bay.
      912 Old Liverpool Rd, Salina, NY 13088
      View Details
    • $139,000
      Pending

      Converted Cape Cod Office/Retail

      Converted office/retail property near Teall Ave and Lyncourt Bakery.
      721 Orwood Pl, Salina, NY 13208
      View Details
    • $595,000

      Versatile Commercial Space on Brewerton

      Over 10,000 SF commercial space with development potential.
      1800 Brewerton Rd, Salina, NY 13211
      View Details
    • $145,000
      Pending

      Mattydale Two-Family Home with Garage

      Two-family home with good tenants and a two-car garage.
      313 Garden City Dr, Salina, NY 13211
      View Details
    • $157,000
      Pending

      Unique Masonry Contractor Property

      Two apartments above garage, suitable for rental or worker housing.
      723 Orwood Pl, Salina, NY 13208
      View Details
    • $995,000
      74,000 SF

      Electronics Parkway Warehouse Redevelopment

      74,000 SF Warehouse, High-Tech Redevelopment Opportunity
      597 Electronics Pkwy, Salina, NY 13088
      View Details
    • Contact for pricing
      29,691 SF

      Liverpool Warehouse - 29,691 SF

      Spacious Warehouse, Prime Liverpool Location
      110 Monarch Dr, Salina, NY 13088
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-unit home in Liverpool, close to amenities and highways.
    Where is this apartment building located?
    The property is located at 600 2Nd St Salina, NY.
    What is the asking price?
    The asking price for this property is $153,900.
    What are key features of this property?
    This property features: - Prime location in the village of Liverpool, within walking distance to shopping, restaurants, and Onondaga Lake Parkway.; - Multi-unit property offering income potential.; - Recent roof replacements (back roof in 2019, main roof in 2023) with transferrable warranty.
    (315) 488-2926
    Request Owner's contact information
    600 2Nd St Salina, NY 13088
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 2Nd St
    Salina, NY 13088
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    600 2Nd St Salina, NY 13088
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Hier
    (315) 488-2926
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!