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    16 Clifton St Unadilla, NY 13849

    View on Map
    Sponsored
    For Lease
    $289,000

    COMMERCIAL - Unadilla, NY

    Property size:
    4,760 SF
    Lot size:
    0.15 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 10 at 9:06 pm

    Property Features for 16 Clifton St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MU2
    APN
    334.19-1-19.00
    Parking
    8
    Parking features
    Paved or Surfaced
    Size
    4,760 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    2
    Flooring type
    Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri

    Keller Williams Upstate New York Properties (607) 431-2540

    Listing agent Stacey L. Camilleri (607) 431-2540 License #40CH1109154

    Listing date Feb 26, 2026

    MLS# R1648852

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Unadilla Mixed-Use Investment Opportunity

    Located in Unadilla, New York, this mixed-use property offers commercial space and residential income potential. The recently updated brick building features 2,360 square feet of vacant office space, previously used as a medical facility. The space includes central air conditioning, a reception area with a glass divider window, a waiting room, an accessible bathroom, multiple private offices with sinks, a central work area with a break space, a carpeted office with built-in storage, a supply room, a storage room, a separate utilities room, and five closets. Off-street parking is available, including a handicap spot. The property is suitable for various uses, including medical offices, dental practices, rehabilitation centers, family healthcare clinics, veterinary offices, coworking spaces, and general office purposes. Upstairs, two apartments provide additional income. Apartment 2A offers 1,140 square feet with laundry hookups in one of the bedrooms, while apartment 2B offers 1,250 square feet with laundry hookups in the living area. Both apartments have similar layouts with high ceilings, an open living room and kitchen, two bedrooms, a full bathroom, and a coat closet near the entry. The property includes separate meters and a detached garage with separate electric and water hookup potential. Situated just off Interstate 88 and close to SUNY Oneonta, the property is 40 minutes from Binghamton and 20 minutes from Oneonta. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Pharmacy Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Unadilla
    County
    Otsego
    State
    New York
    Longitude
    -75.316522
    Latitude
    42.326079

    Nearby Similar for Lease

    • $3,500 /Mo
      2,360 SF

      Unadilla Office Space For Rent

      Updated office space in Unadilla, ideal for medical or professional use.
      16 A Clifton St, Unadilla, NY 13849
      View Details
    • $950 /Mo
      900 SF

      Unadilla Garage Space For Rent

      Oversized garage space available for rent in Unadilla, New York.
      16 B Clifton St, Unadilla, NY 13849
      View Details
    • $299,000

      Unadilla Commercial Space with Apartments

      Updated commercial space with income-generating apartments near Interstate 88.
      16 Clifton St, Unadilla, NY 13849
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Updated commercial space with apartments near Interstate 88.
    Where is this mixed-use property located?
    The property is located at 16 Clifton St Unadilla, NY.
    What is the lease rate?
    The lease rate is $289,000.
    What are key features of this property?
    This property features: - Prime commercial space (2,360 sq ft) with high rental income potential from two currently rented apartments.; - Recently updated and well-outfitted commercial space ideal for medical or general office use, featuring multiple private offices with sinks, reception area, and accessible bathroom.; - Excellent location just off Interstate 88, close to SUNY Oneonta, and easily accessible to Binghamton and Oneonta.
    (607) 376-2279
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    16 Clifton St Unadilla, NY 13849
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    Unadilla, NY 13849
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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
    16 Clifton St Unadilla, NY 13849
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    We can help!
    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri
    Real Estate License ID: 40CH1109154
    (607) 376-2279 (607) 431-2540 (607) 638-9568
    Learn more
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