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    6870 Genesee St Fayetteville, NY 13066

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    6870 Genesee St Fayetteville, NY 13066

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    • Neighborhood centers
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CORTNEY FEDYSHYN / Physician
    • MEGAN MARIE WOLFE / Physician
    • KAYTLYN FLANSBURGH / Physician
    • WellNow Urgent Care / Medical Clinic
    • Vanette Zalocha / Physician

    Property Details for 6870 Genesee St

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Class A retail strip center, located at 6870 East Genesee Street in Fayetteville, NY (Onondaga County), presents a unique investment opportunity. Boasting two single-story buildings totaling 50 suites, this property offers 16,100 square feet of immediately available space, with a minimum divisible unit of 4,000 square feet. Situated at a high-traffic corner with over 53,577 cars passing daily, this location ensures maximum visibility and accessibility. The property features ample parking (120 spaces) and is conveniently located near Lyndon Road in the East Syracuse submarket. Current tenants include Tompkins Trust Company, Five Star Urgent Care, and Healing Point Acupuncture, demonstrating the property's appeal to a diverse range of businesses. The property's design includes high ceilings, large windows, and open floor plans, offering flexibility for various retail uses, including clothing, electronics, home goods, and medical practices. The landlord is open to customizing spaces and negotiating flexible lease terms to meet tenant needs. This prime location in a thriving area with a median household income of $102,000 offers unparalleled potential for growth and success. Don't miss this chance to secure your business in a highly visible and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Onondaga
    State
    New York
    Longitude
    -76.0463
    Latitude
    43.028

    Comparable in this City

    • Value Estimation by Request
      6,216 SF

      6825 Genesee St, Unit 6837

      SHOPPING CENTER, STRIP CENTER • 6,216 SF
      6825 Genesee St, Fayetteville, NY 13066-1032
      View Details
    • Value Estimation
      $575,000
      16,000 SF

      511 Genesee St

      SHOPPING CENTER, STRIP CENTER • 16,000 SF
      511 Genesee St, Fayetteville, NY 13066-1524
      View Details
    • Value Estimation
      $1,230,000
      34,962 SF

      102-106 Towne Dr

      SHOPPING CENTER, STRIP CENTER • 34,962 SF
      102-106 Towne Dr, Fayetteville, NY 13066
      View Details
    • Value Estimation
      $1,660,000
      52,145 SF

      5351 Burdick St

      SHOPPING CENTER, STRIP CENTER • 52,145 SF
      5351 Burdick St, Fayetteville, NY 13066
      View Details
    • Value Estimation
      $3,455,000
      115,150 SF

      5351 Burdick St

      SHOPPING CENTER, STRIP CENTER • 115,150 SF
      5351 Burdick St, Fayetteville, NY 13066
      View Details
    • Value Estimation by Request
      5,664 SF

      6903 Genesee St

      SHOPPING CENTER, STRIP CENTER • 5,664 SF
      6903 Genesee St, Fayetteville, NY 13066-1012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,970 SF

      Retail Property in Fayetteville, NY

      Retail property available for sale in Fayetteville, New York.
      6895 E Genesee St, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      2,970 SF

      Retail Showroom and Residential Structure

      Prime location with retail showroom and separate residential structure.
      6895 E Genesee St, Fayetteville, NY 13066
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      Fayetteville Redevelopment Opportunity

      13.5+/- acre property near highways and downtown Syracuse.
      8012 East Genesee St, Fayetteville, NY 13066
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      Fayetteville Land for Office Space

      1.5 acre site suitable for office development.
      Medical Center Dr, Fayetteville, NY 13066
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    • $625,000

      Fayetteville Land for Office Space

      1.5 acre site suitable for office development in Fayetteville.
      Medical Center Dr, Fayetteville, NY 13066
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    Similar Nearby for Lease

    • $25 SF/Yr
      12,000 SF

      Fayetteville Retail Space For Lease

      Retail space available in Fayetteville with high traffic count.
      6868-6872 E Genesee St, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      3,280 SF

      Retail Space For Rent

      Retail space available for lease with ample parking.
      6864 E Genesee St, Fayetteville, NY 13066
      View Details
    • Contact for pricing

      Retail Space Near Wegmans

      Freestanding retail building across from Wegmans in Fayetteville, NY.
      100 Dewey Ave, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      1,500 SF

      Fayetteville Retail Space For Rent

      Retail space in Fayetteville, near Syracuse, strong demographics.
      100 Dewey Ave, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      5,011 SF

      Fayetteville Office Space Available

      Office space for rent with ample parking and amenities.
      4100 Medical Center Dr, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      9,000 SF

      Fayetteville Warehouse Space Available

      9,000 SF warehouse space for lease in Fayetteville, NY.
      400 Clinton St, Fayetteville, NY 13066
      View Details
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    Fayetteville, NY 13066
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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.

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    6870 Genesee St, Fayetteville, NY, 13066

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