Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    121 Metropolitan Park Dr Liverpool, NY 13088-5335

    • Office buildings
    • 27,074 SF
    • 3.23 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2025
    $1,450,000
    Value Estimations
    $1,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6255245
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Varex Imaging / Corporate Office

    Property Details for 121 Metropolitan Park Dr

    Year built
    1987
    Lot size
    3.23 lot acres
    Property size
    27,074 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Office buildings
    APN
    314889 032.-01-04.6
    APU
    31488903201046

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,852,000
      Market price range: $503k - $1.85M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,870,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,900,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,790,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Liverpool
    County
    Onondaga
    State
    New York
    Longitude
    -76.1797
    Latitude
    43.1147
    CBSA code
    45060
    CBSA name
    SYRACUSE, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $300,000
    $1,385,000
    $1,685,000
    -
    $337,079
    $1,556,179
    $1,893,258

    Comparable in this City

    • Value Estimation
      $1,980,000
      62,800 SF

      5112 Taft Rd

      PROFESSIONAL BUILDING • 62,800 SF
      5112 Taft Rd, Liverpool, NY 13088-4868
      View Details
    • Value Estimation
      $1,075,000
      32,422 SF

      7481 Henry Clay Blvd

      OFFICE BUILDING • 32,422 SF
      7481 Henry Clay Blvd, Liverpool, NY 13088-3522
      View Details
    • Value Estimation by Request
      1,954 SF

      205 1st St

      PROFESSIONAL BUILDING • 1,954 SF
      205 1st St, Liverpool, NY 13088-5109
      View Details
    • Value Estimation
      $690,000
      7,176 SF

      126 Metropolitan Park Dr

      OFFICE BUILDING • 7,176 SF
      126 Metropolitan Park Dr, Liverpool, NY 13088-5342
      View Details
    • Value Estimation by Request
      4,980 SF

      4963 Wintersweet Dr

      OFFICE BUILDING • 4,980 SF
      4963 Wintersweet Dr, Liverpool, NY 13088-2176
      View Details
    • Value Estimation by Request
      4,160 SF

      7145 Henry Clay Blvd

      OFFICE BUILDING • 4,160 SF
      7145 Henry Clay Blvd, Liverpool, NY 13088-5341
      View Details

    Similar Nearby for Sale

    • $995,000
      74,000 SF

      Electronics Parkway Redevelopment Opportunity

      74,000 SF building shell for redevelopment in Liverpool, NY.
      549 Electronics Pkwy, Liverpool, NY 13088
      View Details
    • $475,000

      Professional Building Near Wegmans

      Professional building with parking near Wegmans, ideal for various uses.
      4955 W Taft Rd, Liverpool, NY 13088
      View Details
    • $259,000
      2,454 SF

      Renovated Three-Story Village Office Building

      2,454 SF office building renovated in 2018, village location.
      514 Oswego St, Liverpool, NY 13088
      View Details
    • $995,000
      74,000 SF

      Electronics Business Park Development Opportunity

      Steel frame building shell suitable for high-tech, lab, manufacturing, office.
      597 Electronics Pkwy, Liverpool, NY 13088
      View Details
    • $495,000

      Turnkey Restaurant and Office Space

      4,800 SF property with restaurant and office space.
      407 Tulip St, Salina, NY 13088
      View Details
    • Contact for pricing
      29,691 SF

      Liverpool Warehouse - 29,691 SF

      Spacious Warehouse, Prime Liverpool Location
      110 Monarch Dr, Salina, NY 13088
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      24,075 SF

      Liverpool Office Building For Lease

      Office building near Route 90 and Route 81 available for lease.
      1035 7Th North St, Liverpool, NY 13088
      View Details
    • Contact for pricing
      10,000 SF

      Office Building Build to Suit

      Build-to-suit office opportunity near New York State Thruway.
      100 Metropolitan Park Dr, Liverpool, NY 13088
      View Details
    • Contact for pricing
      7,092 SF

      Class A Office Suites Available

      Modern, upscale office suites with I-81 & I-90 access.
      225 Greenfield Pkwy, Liverpool, NY 13088
      View Details
    • $26 SF/Yr
      51,380 SF

      Medical Office Building For Rent

      Medical office space available in well-located building with ample parking.
      4820 Taft Rd West, Liverpool, NY 13088
      View Details
    • $26 SF/Yr
      51,380 SF

      Medical Office Space For Rent

      Medical office space available for rent in Liverpool, NY.
      4820 Taft Rd West, Liverpool, NY 13088
      View Details
    • $12 SF/Yr
      23,560 SF

      Liverpool Office Space For Rent

      High-quality office space in a well-maintained building with ample parking.
      1020 7Th North St, Liverpool, NY 13088
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Metropolitan Park Dr
    Liverpool, NY 13088-5335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.