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Property profile & analytics
OFF-MARKET
Strip malls

4777 Vestal Pkwy E Vestal, NY 13903

9,064 SF
Property ID
US63-Q012382
Property summary
AI-generated overview

- SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a riverfront multi-tenant retail investment property located in Vestal, New York. - The national specialty retailer Talbots anchors the property and recently exercised a five year extension, extending their expiration through January 2030 and demonstrating their long term commitment to the site. - The property has not had a vacancy in 30 years. Talbots and Elizabeth’s Shoes and Accessories have been tenants at the property since 1992. - The second largest tenant in the project, Knead Relief Massage, has been a tenant since 2010. Talbots and Knead Relief are on NNN leases and reimburse expenses per their pro-rata share. - The tenants Elizabeth Shoes and Homestead Funding are on gross leases. - Future conversion of gross leases to NNN would provide ownership additional revenue.

Property profile
Verified
Property type Strip malls
Total area 9,064 SF
UPID US63-Q012382
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Talbots Clothing & Fashion Store
  • Knead Relief Massage Alternative Medicine Practice Spa & Massage Center
  • Elizabeth's Shoes and Accessories Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • MERLE NORMAN COSMETICS STUDIO (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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