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    2200 Brewerton Rd Salina, NY 13211
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    Property profile & analytics

    2200 Brewerton Rd Salina, NY 13211

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    • Lifestyle centers
    • 1.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2200 Brewerton Rd

    Lot size
    1.79 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail investment opportunity presents a stabilized, Class B shopping center in Salina, New York, totaling 20,908 square feet on a 1.79-acre lot. Anchored by a Dollar General store operating since 2001, the property also includes King Seafood, Duets Nail and Hair Studio, and two additional tenant spaces, one currently occupied by the seller. The center boasts 50 parking spaces and enjoys a prime location in the heart of Mattydale, less than 8.5 miles from the recently announced Micron mega chip plant, promising significant future growth potential. The property offers a compelling investment with an 8% cap rate. Detailed financial information, including Net Operating Income (NOI), is available upon execution of a Confidentiality Agreement. This well-maintained property at 2200 Brewerton Road, Salina, NY 13211, presents a rare chance to acquire a stable, high-performing retail asset in a rapidly developing area. The property's strong tenant mix and strategic location make it an attractive investment for discerning buyers seeking a solid return on investment. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Onondaga
    State
    New York
    Longitude
    -76.1452
    Latitude
    43.0981

    Comparable in this City

    • Value Estimation
      $1,540,000
      22,880 SF

      1900 Brewerton Rd

      SHOPPING CENTER, STRIP CENTER • 22,880 SF
      1900 Brewerton Rd, Syracuse, NY 13211-1763
      View Details
    • Value Estimation
      $2,595,000
      127,451 SF

      2803 Brewerton Rd

      SHOPPING CENTER, STRIP CENTER • 127,451 SF
      2803 Brewerton Rd, Syracuse, NY 13211-1003
      View Details
    • Value Estimation
      $2,395,000
      36,404 SF

      2413 Brewerton Rd

      SHOPPING CENTER, STRIP CENTER • 36,404 SF
      2413 Brewerton Rd, Syracuse, NY 13211-1659
      View Details
    • Value Estimation
      $5,560,000
      10,908 SF

      2616 Brewerton Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,908 SF
      2616 Brewerton Rd, Syracuse, NY 13211-1202
      View Details
    • Value Estimation by Request
      30,000 SF

      211 Tuskegee Rd

      Airport retail • 30,000 SF
      211 Tuskegee Rd, Syracuse, NY 13211
      View Details
    • Value Estimation by Request
      2,238 SF

      5992 Molloy Rd

      FINANCIAL BUILDING • 2,238 SF
      5992 Molloy Rd, Syracuse, NY 13211-2130
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Shopping Center Retail Space

      Retail spaces available in well-established Syracuse shopping center.
      1900 Brewerton Rd, Syracuse, NY 13211
      View Details
    • Contact for pricing

      Versatile Commercial Space Near Highways

      Five individual units available for rent with shared amenities.
      2500 Brewerton Rd, Mattydale, NY 13211
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    • $13 SF/Yr
      10,908 SF

      Freestanding Retail Property on Brewerton Road

      10,908 SF retail space with drive-thru and ample parking.
      2616 Brewerton Rd, Mattydale, NY 13211
      View Details
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    2200 Brewerton Rd
    Salina, NY 13211
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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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