Retail Showroom and Residential
For Sale
Contact for pricing
6895 E Genesee St, Fayetteville, NY 13066
Prime location with retail showroom and separate residential structure.
Property Size2,970 SF
Price / SF$301.35
Days on Market745
Property Features for 6895 E Genesee St
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Retail, Mixed Use
Listing Agency:
Cushman & Wakefield/Pyramid Brokerage Company
Listed By:
Leonard Destefano · License #10401379522
Source:
Crexi
Added: Sep 21, 2024
Changed: Oct 1
Last Checked: Oct 4 at 9:17AM
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 Cushman & Wakefield/Pyramid Brokerage Company
Investment Insights
Based on property information with market context.
The property features a well-maintained retail showroom and a separate two-story residential-style structure, which includes a kitchen, porch, and flexible interior spaces. Both buildings have benefitted from significant investment in upkeep and enhancements. The property is positioned at a busy intersection in Onondaga County with high visibility, seeing over 50,000 vehicles daily. It is located within a desirable and affluent east-side trade area characterized by limited competition and strong consumer spending. The property offers opportunities for retailers, boutiques, salons, service providers, or professional offices seeking an owner-occupant or investment location in Fayetteville. The property was previously marketed as a turnkey florist business together with the real estate, but the business component has been removed from the offering. The total property size is 2970 square feet.
Key Highlights
- Prime location at a high‑traffic intersection (50,000+ vehicles daily) in an affluent area.
- Two well‑maintained buildings: a retail showroom and a two‑story residential‑style structure.
- Flexible opportunities for various businesses: retail, boutiques, salons, service providers, or professional offices.
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
$35,850
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
4.01%
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%
$717,000
$717.0K
Cap Rate 7%
$512,143
$512.1K
Cap Rate 9%
$398,333
$398.3K
Market Conditions
NOI Build-Up for 2,970 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
$53.5K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$51.2K $17.24/SF
− OpEx
−$15.4K −$5.17/SF
NOI
$35.9K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$717,000
Cap Rate 7%
$512,143
Cap Rate 9%
$398,333
Alternative Uses
Best Use
Retail
$512.1K
$448.1K – $597.5K
NOI $35,850 @ 7.0% cap · market cap 4.01%
Second Best
Mixed Use
$395.0K
$345.6K – $460.8K
NOI $27,649 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K
NOI $36,130 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 38%
Electronics 4%
Beauty & Spa 3%
Aldi
Groceries
25,186 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
24,067 visits/mo
0.5 miles
Mobil
Shops & Services
11,196 visits/mo
0.0 miles
Verizon
Electronics
2,867 visits/mo
0.1 miles
NBT Bank
Shops & Services
2,036 visits/mo
0.0 miles
Demographics for 13066, NY
12,949
Population
5,971
Households
2.2
Avg Household Size
48
Median Age
65%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
875
Density / Sq Mi
$121,599
Median Household Income
$70,284
Median Earnings
$1,218
Median Rent
$265,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - Prime location with retail showroom and separate residential structure.
Where is this showroom located?
The property is located at 6895 E Genesee St Fayetteville, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location at a **high‑traffic intersection (50,000+ vehicles daily)** in an affluent area.; Two well‑maintained buildings: a retail showroom and a two‑story residential‑style structure.; Flexible opportunities for various businesses: retail, boutiques, salons, service providers, or professional offices.
