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

    840 S Jensen Road Vestal, NY 13850

    View on Map
    Claim this Listing
    For Sale
    $185,000

    LAND - VESTAL, NY

    Lot size:
    20.00 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    218
    Last Refresh:
    Apr 14 at 6:06 pm

    Property Features for 840 S Jensen Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active
    APN
    034800-174-004-0001-001-000-0000
    Lot size
    20.00 Acres

    We can help!

    Listing Contact
    Yelena Reporyeva

    Listing agent Yelena Reporyeva

    Listing office KELLER WILLIAMS REALTY GREATER BINGHAMTON 49 Court Street Suite 300B Suite 300B, Binghamton, NY

    Listing date Sep 9, 2025

    MLS# 332882 Listing URL

    Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20 Acres in Vestal, NY

    This 20-acre property is located in the Vestal School District, offering views and convenient access to Binghamton University and a shopping mall, both within 5 minutes. Situated between Jensen Rd and Bunn Hill Rd, it presents an opportunity to build a dream home or multi-family homes. Plans are underway to construct premier cottage-style housing next to this property on the Bunn Hill side, known as The Retreat at Bunn Hill. The land offers privacy and is located in the heart of Vestal. A survey is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Car Rental Facility Carpet & Flooring 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
    -75.989515
    Latitude
    42.073638

    Nearby Similar for Sale

    • $170,000
      1,612 SF

      Vestal Ranch Style Two-Unit Home

      Two-unit ranch home on a large lot in Vestal.
      312 Midland Road, VESTAL, NY 13850
      View Details
    • $320,000

      Versatile Commercial Building in Vestal

      2,500 sq ft commercial building in prime Vestal location.
      113 Rano Boulevard, 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
    • $49,900

      Residential Land in Vestal, NY

      11.15 acre parcel for building a dream home.
      224 Foster 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
    • $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
    • $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
    • $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

    FAQs

    What type of property is this?
    Residential land & home lot - 20 acres in Vestal School District with beautiful views.
    Where is this residential land & home lot located?
    The property is located at 840 S Jensen Road Vestal, NY.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Prime Location: Situated in the heart of Vestal, close to Binghamton University and shopping.; Large Acreage: 20 acres of land offering privacy and development potential.; Vestal School District: Located within the desirable Vestal School District.
    (917) 538-4695
    We can help!
    Listing Contact
    Yelena Reporyeva
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!