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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Old Liverpool Rd Salina, NY 13088

    • Lifestyle centers
    • 25,304 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Mama's Cheesecake Co / Bakery / Specialty Food Shop
    • Conoco / Gas Station
    • Arc of Onondaga / Charitable Organization / Social Service Agency
    • Gulf / Gas Station
    • Cups -N- Cakes Bakery / Cafe / Bakery / Specialty Food Shop

    Property Details for 500 Old Liverpool Rd

    Property size
    25,304 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 25,304 square foot shopping center, located at 500 Old Liverpool Road in Salina, NY 13088, presents a compelling value-add investment opportunity. The property consists of two single-story buildings encompassing seven units, currently vacant, offering significant leasing upside. With a total net rentable area of 25,304 square feet, the asking price is $1,300,000, translating to $51.38 per square foot. The property enjoys a high-traffic location, just down the street from Destiny USA, a major regional shopping destination. Previous tenants included a Gulf Gas Station, ARC of Onondaga, and a nail salon, demonstrating the property's appeal to a diverse range of businesses. This presents a unique chance to capitalize on the strong location and create a thriving retail center. The property's vacant status allows for complete control over tenant selection and lease terms, maximizing rental income potential. Detailed financial information is available upon request. This is an ideal investment for those seeking a value-add opportunity in a prime retail location with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Onondaga
    State
    New York
    Longitude
    -76.1872
    Latitude
    43.0883

    Comparable in this City

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    • Value Estimation
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      4979 Taft Rd

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    • Value Estimation
      $690,000
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      642 Old Liverpool Rd

      SHOPPING CENTER, STRIP CENTER • 13,348 SF
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    • Value Estimation by Request
      6,600 SF

      658-662 Old Liverpool Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
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    • Value Estimation
      $930,000
      24,820 SF

      500-502 Old Liverpool Rd

      SHOPPING CENTER, STRIP CENTER • 24,820 SF
      500-502 Old Liverpool Rd, Liverpool, NY 13088
      View Details
    • Value Estimation
      $1,665,000
      47,015 SF

      664 Old Liverpool Rd, Unit 698

      SHOPPING CENTER, STRIP CENTER • 47,015 SF
      664 Old Liverpool Rd, Liverpool, NY 13088-6047
      View Details

    Similar Nearby for Sale

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      Prime Salina Retail Space

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    500 Old Liverpool Rd
    Salina, NY 13088
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    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
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