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    642 Old Liverpool Rd Liverpool, NY 13088-6087
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    Property profile & analytics

    642 Old Liverpool Rd, Liverpool, NY 13088-6087

    View on Map
    • Strip malls
    • 13,348 SF
    • 1.08 lot acres
    Off-Market
    Last Sale Jun 24, 2025
    $775,000
    Property ID
    US63-1000430
    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.
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jump’n Jax Cuts for Kids / Hair Salon
    • Jack Of Hearts / Carpet & Flooring Store
    • Subway / Take-out & Catering / Catering Service
    • Verilife Dispensary / (Bike/Boat/Book/etc) Store
    • Hao SPA / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 642 Old Liverpool Rd

    Year built
    1965
    Lot size
    1.08 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    314889 077.-06-01.0
    APU
    31488907706010

    Description

    This 13,348 square foot shopping center, located at 642 Old Liverpool Road in Salina, NY (13088), presents a compelling value-add investment opportunity. The Class B property, built in 1979 and renovated in 2001, sits on a 1.08-acre lot and features six units with a current occupancy rate of 92%. The multi-tenant building boasts high visibility and ample on-site parking, contributing to its strong performance. Current tenants include Subway and Verilife/Pharmacann, providing a stabilized income stream with potential for further growth through leasing the remaining vacant space. The asking price is $975,000, translating to $73.04 per square foot. The property consists of a single, one-story building with 13,348 net rentable square feet. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $574,000
      Market price range: $87.2k - $575k

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

    Location Insight

    • Map
    • Local Demand
    City
    Liverpool
    County
    Onondaga
    State
    New York
    Longitude
    -76.193
    Latitude
    43.0927
    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
    $54,000
    $558,500
    $612,500
    -
    $60,674
    $627,528
    $688,202

    Comparable in this City

    • Value Estimation
      $7,680,000
      179,710 SF

      4979 Taft Rd

      SHOPPING CENTER, STRIP CENTER
      4979 Taft Rd, Liverpool, NY 13088-4811
      View Details
    • Value Estimation by Request
      6,600 SF

      658-662 Old Liverpool Rd

      SHOPPING CENTER, STRIP CENTER
      658-662 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
      664 Old Liverpool Rd, Liverpool, NY 13088-6047
      View Details
    • Value Estimation
      $740,000
      24,820 SF

      500-502 Old Liverpool Rd

      SHOPPING CENTER, STRIP CENTER
      500-502 Old Liverpool Rd, Liverpool, NY 13088
      View Details
    • Value Estimation
      $1,600,000
      5,512 SF

      207 Oswego St

      SHOPPING CENTER, STRIP CENTER
      207 Oswego St, Liverpool, NY 13088-5514
      View Details
    • Value Estimation by Request
      25,304 SF

      500 Old Liverpool Rd

      Lifestyle centers
      500 Old Liverpool Rd, Salina, NY 13088
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

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      Former Gym End Cap Space

      Approximately 12,000 sqft end cap space, former gym.
      500 Old Liverpool Rd, Liverpool, NY 13088
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      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

    Similar Nearby for Lease

    • Contact for pricing

      Land Lease at Liverpool Plaza

      Pad site available for lease in busy shopping center.
      664 Old Liverpool Rd, Salina, NY 13088
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    • Contact for pricing
      1,247 SF

      Turnkey Commercial Space Available Now

      Versatile 1,200 sq ft space ideal for retail or office.
      634 Old Liverpool Rd, Liverpool, NY 13088
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, 37,711 square feet.
      506 Old Liverpool Rd, Salina, NY 13088
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    • Contact for pricing
      18,900 SF

      Industrial Warehouse Space Available

      18,900 SF warehouse with heavy power and loading docks.
      1111 Vine St, Liverpool, NY 13088
      View Details
    • Contact for pricing
      18,190 SF

      Available Office Space For Rent

      Office space with open layout and excellent location for rent.
      103 Commerce Blvd, Liverpool, NY 13088
      View Details
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    Liverpool, NY 13088-6087
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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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