Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Pulteney St East Corning, NY 14830

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr ($4,666 /Mo)

    2,800 SF office space featuring exposed brick and ample light.

    Property size:
    5,600 SF
    Lot size:
    5,600 SF

    Property Features for 15 Pulteney St East

    General Information

    Size
    5,600 SF

    We can help!

    Listing Contact
    Michael Manzari, Sior, Ccim
    Source: Pyramidbrokerage

    Listing Agent: Michael Manzari, Sior, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Office Space with Natural Light

    Available for rent is 2,800 square feet of office space located on the second floor. The layout includes a mix of private offices, open work areas, and conference rooms. The space features exposed natural brick in many rooms and benefits from abundant natural light. Access to the second floor is provided by a one-person passenger elevator, and a handicap ramp ensures ADA accessibility. The landlord is flexible and willing to work with potential tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crystal Heart Yoga Gym & Fitness Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.0602534
    Latitude
    42.1517995

    Nearby Similar for Lease

    • $1,300 /Mo
      1,000 SF

      Historic Storefront on Market Street

      Highly visible storefront suitable for retail or service businesses.
      123 W Market St, Corning, NY 14830
      View Details
    • $8 SF/Yr
      6,193 SF

      Corning Medical Office Space for Lease

      Prime Medical Office, Corning, NY - 3,000 SF Available
      70 1St St, Corning, NY 14830
      View Details
    • $16 SF/Yr
      45,524 SF

      Medical Office Suite For Rent

      Turn-key medical office suite available for immediate occupancy.
      2 Denison Pkwy East, Corning, NY 14830
      View Details
    • $12 SF/Yr

      Professional Building Office Suite Available

      3,208 SF office suite in professional building for rent.
      2 Denison Pkwy East, Corning, NY 14830
      View Details
    • $14 SF/Yr
      45,524 SF

      Corner Office Suite For Rent

      First floor corner office suite with quality improvements and finishes.
      8 Denison Pkwy, Corning, NY 14830
      View Details
    • $16 SF/Yr
      45,524 SF

      Lower Level Office Suite For Rent

      Lower level office suite for rent near Historic Market St.
      2 Denison Pkwy East, Corning, NY 14830
      View Details
    • $12 SF/Yr
      26,460 SF

      Rockwell Building: Corning Office Space

      Historic Corning Office Building, Multiple Spaces Available
      23 Market St, Corning, NY 14830
      View Details
    • Contact for pricing
      56,016 SF

      Corning Retail Space Available

      Prime 2,447 SF storefront, ideal location.
      360 Pulteney St, Corning, NY 14830
      View Details
    • $22 SF/Yr

      Grocery Anchored Retail Space Available

      New 2,448 SF retail space in Corning, NY.
      360 Pulteney St West, Corning, NY 14830
      View Details
    • Contact for pricing
      6,260 SF

      Updated Office Space in Corning

      Modern office spaces available in downtown Corning, New York.
      2-8 Denison Pkwy E, Corning, NY 14830
      View Details
    • $1,300 /Mo

      Historic Storefront on Market Street

      Highly visible storefront suitable for retail or service businesses.
      123 W Market St, Corning, NY 14830
      View Details
    • Contact for pricing
      4,247 SF

      Market Street Retail/Office Space

      Retail and office spaces available in historic Market Street.
      54-58 E Market St, Corning, NY 14830
      View Details

    FAQs

    What type of property is this?
    Office space - 2,800 SF office space featuring exposed brick and ample light.
    Where is this office space located?
    The property is located at 15 Pulteney St East Corning, NY.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - 2,800SF of office space, offering ample room for your business needs.; - Features a mixture of private offices, open space, and conference rooms.; - Natural brick exposed with great natural lighting creating an inviting atmosphere.
    (607) 937-9720
    Request Owner's contact information
    15 Pulteney St East Corning, NY 14830
    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.
    15 Pulteney St East
    Corning, NY 14830
    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
    15 Pulteney St East Corning, NY 14830
    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
    Michael Manzari, Sior, Ccim
    (607) 937-9720 (607) 738-8458
    Learn more
    Google sign-in failed. Please try again or use another login method.