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

    6875 Genesee St Fayetteville, NY 13066-1009

    • Investment properties
    • 3,428 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    5.3%
    Investment properties
    Location Intelligence
    Property ID
    US63-0711843
    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

    • Hair2toe / Hair Salon
    • Shear Perfection Grooming Salon LLC / Pet Grooming Service

    Property Details for 6875 Genesee St

    Year built
    1958
    Lot size
    0.56 lot acres
    Property size
    3,428 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312689 067.-03-14.0
    APU
    31268906703140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $530,000
      6.5%
      $490,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $405,000
      Market price range: $151k - $472k
      AI Estimate
      $479,000
      Market price range: $237k - $499k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $365,000
      OFFICE BUILDING
      $365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Onondaga
    State
    New York
    Longitude
    -76.0464
    Latitude
    43.0292
    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
    $67,400
    $328,600
    $396,000
    -
    $67,400
    $328,600
    $396,000

    Comparable in this City

    • Value Estimation by Request
      1,028 SF

      207 Thompson St

      STORE/OFFICE (MIXED USE) • 1,028 SF
      207 Thompson St, Fayetteville, NY 13066-1911
      View Details
    • Value Estimation by Request
      2,421 SF

      7076 Cedar Bay Rd

      STORE/OFFICE (MIXED USE) • 2,421 SF
      7076 Cedar Bay Rd, Fayetteville, NY 13066-9601
      View Details
    • Value Estimation by Request
      3,389 SF

      210 Brooklea Dr

      STORE/OFFICE (MIXED USE) • 3,389 SF
      210 Brooklea Dr, Fayetteville, NY 13066-1327
      View Details
    • Value Estimation by Request
      4,461 SF

      90 Brooklea Dr

      STORE/OFFICE (MIXED USE) • 4,461 SF
      90 Brooklea Dr, Fayetteville, NY 13066-1366
      View Details
    • Value Estimation by Request
      1,624 SF

      6881 Genesee St

      STORE/OFFICE (MIXED USE) • 1,624 SF
      6881 Genesee St, Fayetteville, NY 13066-1026
      View Details
    • Value Estimation by Request
      5,553 SF

      6848 Genesee St

      STORE/OFFICE (MIXED USE) • 5,553 SF
      6848 Genesee St, Fayetteville, NY 13066-1085
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,970 SF

      Fayetteville Florist Business - Turnkey

      Established Florist, Prime Location, High Growth
      6895 Genesee St, Fayetteville, NY 13066
      View Details
    • $625,000
      1.52 Acres

      Fayetteville Office Land Opportunity

      1.5-Acre Site, Shovel-Ready, High Visibility
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    • $625,000
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      Fayetteville Commercial Land - $625K

      1.5-Acre Commercial Lot, Prime Location
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    • $1,500,000

      Commercial Land Available

      Commercial land for sale.
      100 Brooklea Dr, Fville, NY 13066
      View Details
    • $475,000

      Land For Sale

      Commercial land available for sale.
      205 Brooklea Dr, Fville, NY 13066
      View Details
    • $264,000
      1,710 SF

      Fayetteville Commercial Space & Apartment

      Prime Fayetteville location, income-producing property.
      102 Elm St, Fayetteville, NY 13066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,766 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
      1 SF

      Land for Retail/Office Development

      Land available for retail or office development near Towne Center.
      154 Burdick St North, Fayetteville, NY 13066
      View Details
    • Contact for pricing
      40,000 SF

      Fayetteville Office Space For Rent

      Office space ideal for medical or professional use near I-690.
      6800 E Genesee St, 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
    • Contact for pricing
      129 SF

      Waterfront Restaurant Opportunity in Fayetteville

      Restaurant space available in lakefront community with upscale apartments.
      5440 Burdick St, Fayetteville, NY 13066
      View Details
    • $25 SF/Yr
      3,000 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
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    6875 Genesee St
    Fayetteville, NY 13066-1009
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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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