Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    224 Foster Road Vestal, NY 13850

    View on Map
    Claim this Listing
    For Sale
    $49,900

    LAND - Vestal, NY

    Lot size:
    11.15 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    103
    Last Refresh:
    May 4 at 9:06 am

    Property Features for 224 Foster Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Standard status
    Active
    APN
    034800-190-001-0001-010-000-0000
    Lot size
    11.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    690

    We can help!

    Listing Contact
    Leonard Ostrander

    Listing agent Leonard Ostrander License #10401387515

    Listing office Howard Hanna Elmira 215 W CHURCH ST, Corning, NY

    Listing date Jan 21, 2026

    MLS# R1659096 Listing URL

    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.

    Overview

    Residential Land in Vestal, NY

    This 11.15-acre parcel in Vestal, New York, offers a private setting for building a home. The property features 235 feet of road frontage, a stream, woods, and scenic views. It is located in the Vestal school district, near Premier Development Estates, and minutes from Binghamton University. NYSEG poles are present, providing electricity at the road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply HVAC Service Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    County
    Broome
    State
    New York
    Longitude
    -76.013398
    Latitude
    42.060288

    Nearby Similar for Sale

    • $170,000
      1,612 SF

      Vestal Ranch-Style Multi-Family Home

      Two-unit ranch home in Vestal, NY, with detached garage.
      312 Midland Road, VESTAL, NY 13850
      View Details
    • $1,099,000
      10,880 SF

      Vestal Parkway Mixed-Use Opportunity

      Prime location near highways, ideal for office or retail.
      1040 Vestal E Parkway, Vestal, NY 13850
      View Details
    • $3,750,000
      54,549 SF

      54,549 SF Originally Built as a School, Durable Cement-and-Brick Building For Sale

      Originally a school, now leased to DASNY with stable cashflow.
      213 Tracy Creek Rd, Vestal, NY 13850
      View Details
    • $185,000

      20 Acres in Vestal, NY

      20 acres in Vestal School District with beautiful views.
      840 S Jensen Road, VESTAL, NY 13850
      View Details
    • $650,000

      High-Visibility Corner Lot in Vestal

      4.23 acre corner lot zoned C-1 in Vestal, NY.
      400 N Main St, Vestal, NY
      View Details
    • $299,000

      Prime Development Land on Parkway

      3.15 acre development land with high traffic exposure.
      1979 Vestal Pkwy W, Vestal, NY 13850
      View Details
    • $828,571
      5,781 SF

      Vestal, NY Dental Sale-Leaseback

      5,781 SF commercial property in Vestal, NY for sale.
      301 N Main St, Vestal, NY 13850
      View Details
    • $3,525,000
      54,549 SF

      Vestal Office Building For Sale

      54,549 SF office building with long-term lease.
      209 Tracy Creek Rd, Vestal, NY
      View Details
    • $2,524,340

      Vestal Office Space Available

      Office property for sale in Vestal, New York.
      2316 Vestal Pkwy E, Vestal, NY
      View Details
    • $650,000
      8,722 SF

      Mixed-Use Investment Opportunity in Vestal

      Mixed-use property with residential and commercial income in Vestal.
      171 Front St, Vestal, NY 13850
      View Details
    • $1,199,000
      10,880 SF

      Class A Office Building

      Exceptional 10,880 SF office building in Vestal, NY for sale.
      1040 Vestal Parkway East, Vestal, NY 13850
      View Details
    • $19,500

      Residential Land in Central Vestal

      Ready-to-build lot with permits and utilities in central Vestal.
      421-429 Jane St, Vestal, NY 13850
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 11.15 acre parcel for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 224 Foster Road Vestal, NY.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Large 11.15 acre parcel offers privacy and space to build a custom home.; Enjoy scenic views and natural features including a stream and woods.; Located in the desirable Vestal school district.
    (607) 857-6684
    We can help!
    Listing Contact
    Leonard Ostrander
    Real Estate License ID: 10401387515
    Learn More
    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.
    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

    Thank You for Inquiry

    224 Foster Road, Vestal, NY 13850

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!