Office-to-Flex Conversion
4705 Crossroads Park Dr Liverpool, NY 13088
For Sale
Contact for pricing
Existing office building with partial in-place leasing and significant vacant space for conversion to flex use.
Property Size4,937 SF
Price / SF$64.82
Days on Market22
Property Features for 4705 Crossroads Park Dr
General Information
Standard status
Active
Size
4,937 SF
Property subtype
OFFICE
Listing Agency:
Thresh Enterprises
(315) 437-7301
Listed By:
William Thresh
(315) 437-7301
Source:
Moodyscre
Added: Jul 8
Changed: Jul 26
Last Checked: Jul 28 at 3:47PM
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 Thresh Enterprises
Investment Insights
Based on property information with market context.
4705 Crossroads Park Dr is an approximately 4,937-square-foot office building with a configuration that supports a potential conversion to flex industrial use. The property is currently stabilized as an office, with about 1,500 square feet under in-place leasing, and roughly 3,500 square feet vacant and available for occupancy or further repositioning.
The layout and site are described as conducive to installing dock doors, giving a prospective owner a practical path to update the building’s functionality for flex demand.
For an owner looking to control their real estate, the combination of existing income and available space provides straightforward flexibility, whether the plan is to occupy part of the building, lease it, or proceed with conversion during ownership.
The layout and site are described as conducive to installing dock doors, giving a prospective owner a practical path to update the building’s functionality for flex demand.
For an owner looking to control their real estate, the combination of existing income and available space provides straightforward flexibility, whether the plan is to occupy part of the building, lease it, or proceed with conversion during ownership.
Key Highlights
- 5,000 SF existing office building positioned for conversion into a flex industrial asset
- Currently has 1,500 SF in‑place leasing for immediate income
- 3,500 SF vacant space available to lease or occupy after conversion
Financial Insights For Warehouse
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 | $34.0k | $6.89 |
| − Vacancy | −$2.3k | −$0.48 |
| EGI | $31.7k | $6.41 |
| − OpEx | −$4.8k | −$0.96 |
| NOI | $26.9k | $5.45 |
4,937 SF · lease $6.89/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$743.8K
$650.8K – $867.8K
NOI $52,067 @ 7.0% cap · market cap 16.27%
Second Best
Warehouse
$384.6K
$336.5K – $448.7K
NOI $26,919 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$858.0K
$750.7K – $1.00M
NOI $60,059 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Existing office building with partial in-place leasing and significant vacant space for conversion to flex use.
Where is this flex space located?
The property is located at 4705 Crossroads Park Dr Liverpool, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 5,000 SF existing office building positioned for conversion into a flex industrial asset; Currently has 1,500 SF in‑place leasing for immediate income; 3,500 SF vacant space available to lease or occupy after conversion
