Office-to-Flex Conversion
For Sale
Contact for pricing
4705 Crossroads Park Dr, Liverpool, NY 13088
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 Market113
Property Features for 4705 Crossroads Park Dr
General Information
Standard status
Active
Size
4,937 SF
Property subtype
OFFICE
Listing Agency:
Thresh Enterprises
Listed By:
William Thresh
(315) 437-7301
Source:
Moodyscre
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 26 at 7:16PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$22,168
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,360
$443.4K
Cap Rate 7%
$316,686
$316.7K
Cap Rate 9%
$246,311
$246.3K
Market Conditions
NOI Build-Up for 4,937 SF
Gross rent
$34.0K $6.89/SF
− Vacancy
−$2.3K −$0.48/SF
EGI
$31.7K $6.41/SF
− OpEx
−$9.5K −$1.92/SF
NOI
$22.2K $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 Rate 5%
$443,360
Cap Rate 7%
$316,686
Cap Rate 9%
$246,311
Alternative Uses
Best Use
Office B
$743.8K
$650.8K – $867.8K
NOI $52,067 @ 7.0% cap · market cap 16.27%
Second Best
Industrial
$316.7K
$277.1K – $369.5K
NOI $22,168 @ 7.0% cap · market cap 6.93%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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
