Add Listing
    For Sale
    • 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

    219 Vestal Ave Endicott, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime land for redevelopment, up to 111,780 SF warehouse.

    Type:INDUSTRIAL
    Property size:
    111,780 SF
    Lot size:
    10.97 Acres
    Added:
    Oct 12, 2023
    Days on Market:
    927
    Last Refresh:
    Apr 5 at 10:02 pm

    Property Features for 219 Vestal Ave

    General Information

    Standard status
    Active
    Size
    111,780 SF
    Lot size
    10.97 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Tyler Culberson
    Tyler Culberson

    Listing agent Tyler Culberson

    Listing office Standard Brokerage Company

    Listing date Oct 12, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Standard Brokerage Company

    Overview

    Redevelopment Opportunity in Southern Tier

    This property presents a redevelopment opportunity in the Southern Tier. Conceptual plans suggest the potential for a warehouse spanning up to 111,780 square feet, featuring provisions for loading, trailer parking, and passenger parking. The location offers proximity to local and regional transportation networks, as well as national users such as iM3NY Gigafactory and BAE Systems.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Endicott
    County
    Broome
    State
    New York
    Longitude
    -76.0562
    Latitude
    42.0983

    Nearby Similar for Sale

    • $209,900
      2,994 SF

      Endicott Multifamily Investment Opportunity

      Two-unit property on 2.1 acres with long-term tenants.
      1136 Taft Avenue, Endicott, NY 13760
      View Details
    • $299,000
      2,184 SF

      Endicott Duplex on Corner Lot

      Duplex on corner lot near amenities, fully occupied until 2026.
      1701 Watson Boulevard, ENDICOTT, NY 13760
      View Details
    • $159,900
      1,728 SF

      Endicott Two-Family Investment Opportunity

      Two-family property in Endicott with rental history and separate utilities.
      326 Oak Hill Avenue, ENDICOTT, NY 13760
      View Details
    • $275,000
      11,616 SF

      Endicott Multifamily Investment Opportunity

      Seven-unit building with renovation and income potential in Endicott, NY.
      24 Lincoln Avenue, ENDICOTT, NY 13760
      View Details
    • $275,000
      11,616 SF

      Endicott Multifamily Investment Opportunity

      Seven-unit building with renovation and income potential in Endicott, NY.
      24 Lincoln Avenue, ENDICOTT, NY 13760
      View Details
    • $379,000
      800 SF

      Prime Retail Space Near Huron Campus

      Retail space near Huron Campus with high foot traffic.
      100 Garfield Ave, Endicott, NY
      View Details
    • $250,000
      6,240 SF

      Established Auto Parts Store

      Auto parts store with parking, showroom, and warehouse space.
      307-311 Harrison Avenue, Endicott, NY 13760
      View Details
    • $2,500,000
      41,000 SF

      Endicott Office Building For Sale

      41,000 SF office building with amenities and ample parking.
      111 Grant Avenue, Endicott, NY, 13760
      View Details
    • $225,000
      2,150 SF

      Renovated Multi-Family Home, Endicott, NY

      Recently renovated two-family home in Union-Endicott school district.
      1908 MONROE ST, Endicott, NY 13760
      View Details
    • $179,900
      2,208 SF

      Endicott Multifamily Investment Property

      Multifamily property with long-term tenants and separate utilities.
      2002 E Main Street, ENDICOTT, NY 13760
      View Details
    • $339,000
      4,086 SF

      Renovated Multifamily Investment Opportunity

      Stabilized five-unit property in Endicott's growing market.
      105 Madison Ave, Endicott, NY 13760
      View Details
    • $340,000
      4,176 SF

      Endicott Multifamily Investment Opportunity

      Six-unit multifamily building in Endicott, NY, built in 1971.
      322 W Franklin St, Endicott, NY 13760
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land for redevelopment, up to 111,780 SF warehouse.
    Where is this commercial land located?
    The property is located at 219 Vestal Ave Endicott, NY.
    What are key features of this property?
    This property features: Prime redevelopment opportunity.; Conceptual plans for a **warehouse up to 111,780 SF.**; Ample loading, trailer parking, and passenger parking available.
    (518) 857-0586 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Culberson
    Tyler Culberson
    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!