Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    128 Chestnut St Oneonta, NY 13820

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $89,900

    Standalone commercial building with flexible space, near colleges and downtown.

    Lot size:
    0.11 Acres

    Property Features for 128 Chestnut St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    C. Vitiello
    Source: Elliman

    Listing Agent: C. Vitiello

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

    Learn more

    Overview

    Standalone Commercial Building For Sale

    This standalone commercial building offers 420 square feet of flexible space suitable for various business operations. The property is located minutes from two colleges and downtown Oneonta. The location supports a range of possibilities for business ventures. The property may be suitable for home businesses that have outgrown their current space, new business ventures, or side businesses needing dedicated space. A small parking lot is available to support on-site sales. The property could also be used as a delivery-only business location.
    Location Intelligence

    Current Use by Public Records

    The Little Farmers Market ... Farmers' Market

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.0706236
    Latitude
    42.454281

    Nearby Similar for Sale

    • $269,000
      Pending

      Oneonta Multifamily Investment Opportunity

      8-bedroom multifamily near SUNY Oneonta and Hartwick College.
      31 Cedar St, Oneonta, NY 13820
      View Details
    • $1,200,000
      5,448 SF

      Turnkey Medical Facility Investment Opportunity

      Fully leased medical facility in Oneonta's West End with renewal option.
      6 Country Club Rd, Oneonta, NY 13820
      View Details
    • $345,000
      3,448 SF

      West Oneonta Multi-Family Investment Property

      Multi-family property near Cooperstown All-Star Village with investment potential.
      17 Olen Houck St, Oneonta, NY 13820
      View Details
    • $1,200,000
      5,448 SF

      Turnkey Medical Facility in Oneonta

      Fully leased medical facility in Oneonta's West End.
      6 Country Club Rd, Oneonta, NY 13820
      View Details
    • $349,900
      3,050 SF

      Turn-Key Restaurant/Retail Venue with Apartment

      Unique indoor/outdoor venue with apartment near I88 and downtown.
      248 River St, Oneonta, NY 13820
      View Details
    • $289,900
      Pending

      Oneonta Mixed-Use Commercial Opportunity

      Multi-use property near hospital with drive-through potential.
      432-434 Main St, Oneonta, NY 13826
      View Details
    • New
      $299,900
      3,420 SF

      Four-Unit Multifamily Investment Property

      Four-unit multifamily property with updates, carriage barn, and off-street parking.
      58 Maple St, Oneonta, NY 13820
      View Details
    • $550,000
      4,000 SF

      Turn-Key Restaurant with Residential Bonus

      Fully equipped restaurant with seating for 108 and residential home.
      5534-5536 State Highway 7, Oneonta, NY 13820
      View Details
    • $550,000
      4,000 SF

      Turn-Key Restaurant with Residential Bonus

      Fully equipped restaurant with 3-bedroom home on 1.44 acres.
      5536 St Hwy 7, Oneonta, NY 13820
      View Details
    • New
      $229,500
      2,110 SF

      Oneonta Multi-Family Home with Charm

      Multi-family home in Oneonta, ideal for various living arrangements.
      83 Hudson St, Oneonta, NY 13820
      View Details
    • New
      $230,000
      2,296 SF

      Spacious Two-Family Home in Oneonta

      Versatile two-family home in a prime Oneonta location.
      78-80 Center St, Oneonta, NY 13820
      View Details
    • New
      $149,000
      2,000 SF

      Two-Unit Multifamily Property in Oneonta

      Two-unit multifamily property with income potential in central Oneonta.
      16-18 Brook St, Oneonta, NY 13820
      View Details

    FAQs

    What type of property is this?
    Storefront property - Standalone commercial building with flexible space, near colleges and downtown.
    Where is this storefront property located?
    The property is located at 128 Chestnut St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Standalone commercial building with **420 square feet of flexible space.**; - Located minutes from two colleges and downtown Oneonta.; - Suitable for on-site sales or delivery-only business.
    (315) 868-9666
    Request Owner's contact information
    128 Chestnut St Oneonta, NY 13820
    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.
    128 Chestnut St
    Oneonta, NY 13820
    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
    128 Chestnut St Oneonta, NY 13820
    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
    C. Vitiello
    (315) 868-9666
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.