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

    116 Jensen Rd Vestal, NY 13850

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    17,500 sqft office space for rent in Vestal, NY

    Property size:
    17,500 SF
    Lot size:
    17,500 SF

    Property Features for 116 Jensen Rd

    General Information

    Size
    17,500 SF

    We can help!

    Listing Contact
    Leo Jones
    Leo Jones
    Source: Pyramidbrokerage

    Listing Agency: PYRAMID BROKERAGE COMPANY Listing Agent: Leo Jones

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vestal Office Space Available

    This property offers 17,500 square feet of office space and other office property types for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lourdes UHS Medical Clinic Kidney Care Clinic Medical Clinic Fresenius Kidney Care ... Medical Clinic Olga Verbitskiy Physician Venkatesh Babu Jayaraman Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Gadget Repair Pro - Apple Authorized Service Provider

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    County
    Broome
    State
    New York
    Longitude
    -75.9960185
    Latitude
    42.0949001

    Nearby Similar for Lease

    • $30 SF/Yr

      Vestal Retail Space For Lease

      4,676 SF retail space available in Vestal, New York.
      4009 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • $16 SF/Yr

      Class A Office Space Available

      Prime 1,500 SF office suite in Vestal, NY for lease.
      601 Gates Rd, Vestal, NY 13850
      View Details
    • $35 SF/Yr
      11,779 SF

      Prime Retail Space Near University

      Retail space for lease in Vestal, near Binghamton University.
      2545 Vestal Pkwy, Vestal, NY 13850
      View Details
    • Contact for pricing
      4,726 SF

      Vestal Retail Space For Lease

      Highly visible retail space near SUNY Binghamton with 25,000+ students.
      2540 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing
      3,300 SF

      Retail Space Near SUNY Binghamton

      Retail spaces available near SUNY Binghamton with ample parking.
      3178 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing
      2,003 SF

      Retail Space Near SUNY Binghamton

      Highly visible retail space near major retailers and SUNY Binghamton.
      2409-2437 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing
      22,000 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a busy, highly visible location.
      732 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near SUNY Binghamton

      Retail spaces available near SUNY Binghamton with ample parking.
      3112-3132 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • $16 SF/Yr
      9,264 SF

      Vestal Medical Office - Prime Location

      Fully renovated, single-tenant medical office.
      116 Jensen Rd, Vestal, NY 13850
      View Details
    • $13 SF/Yr
      5,700 SF

      Vestal Parkway Office Suites Available

      Prime Vestal Parkway Office & Retail Space
      1909 Vestal Pkwy, Vestal, NY 13850
      View Details
    • $11 SF/Yr
      30,652 SF

      Vestal Office Space: Plaza Drive

      Prime Vestal office suites, 2,500-6,000 sq ft.
      400 Plaza Dr, Vestal, NY 13850
      View Details
    • Contact for pricing
      160,744 SF

      Campus Plaza Retail Center

      Vestal, NY: Prime Retail Opportunity
      3701 Vestal Pkwy, Vestal, NY 13850
      View Details

    FAQs

    What type of property is this?
    Office property - 17,500 sqft office space for rent in Vestal, NY
    Where is this office property located?
    The property is located at 116 Jensen Rd Vestal, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - No property information was provided.
    (607) 754-5990
    Request Owner's contact information
    116 Jensen Rd Vestal, NY 13850
    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.
    116 Jensen Rd
    Vestal, NY 13850
    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
    116 Jensen Rd Vestal, NY 13850
    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

    We can help!
    Listing Contact
    Leo Jones
    Leo Jones
    (607) 754-5990 (607) 427-5998
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!