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    3 Tioga Blvd Apalachin, NY 13732

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    For Lease
    $8 SF/Yr

    Multiple office suites available in Apalachin with flexible sizing.

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Scott Warren, Ccim
    Scott Warren, Ccim
    Source: Svn

    Listing Agency: INNOVATIVE COMMERCIAL ADVISORS Listing Agent: Scott Warren, Ccim

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

    Learn more

    Overview

    Apalachin Office Suites For Lease

    Multiple office suites are available for lease at 3 Tioga Boulevard in Apalachin, offering flexible size options to accommodate a range of professional and service-oriented users. Available spaces include 1,000 SF at $8.50 per SF per year modified gross, 1,200 SF at $8.50 per SF per year modified gross, and a larger 2,484 SF suite at $11.00 per SF per year modified gross. The property is a well-maintained professional office building with functional layouts and flexible sizing. It features ample on-site parking with easy access for employees and clients. Located just off State Route 434 in Apalachin, the property offers direct and efficient regional access for employees and visitors. Fast and easy access to State Route 434 and I86 creates an excellent office environment while Binghamton is within a 20 minute drive. The surrounding Apalachin and Owego area provides convenient access to local dining, services, and amenities, supporting day to day business needs. Nearby retail, restaurants, and outdoor areas add to the appeal without compromising the quiet, professional character of the location.
    Location Intelligence

    Current Use by Public Records

    Center For Psychological Services Physician Barbara A. Myers, PsyD Physician Center For Psychological Services: ... Physician Stephanie B. Lockshin, ... Physician Mark E. Kovaleski, ... Physician

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Pharmacy Accounting Firm Grocery & Convenience Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Apalachin
    County
    Tioga
    State
    New York
    Longitude
    -76.120702
    Latitude
    42.062077

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office units - Multiple office suites available in Apalachin with flexible sizing.
    Where is this office units located?
    The property is located at 3 Tioga Blvd Apalachin, NY.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location with fast and easy access to State Route 434 and I-86, providing excellent regional accessibility.; - Flexible office suite sizes available (1,000 SF, 1,200 SF, and 2,484 SF) to accommodate various business needs.; - Modified Gross lease structure simplifies budgeting.
    (607) 621-0439
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    3 Tioga Blvd Apalachin, NY 13732
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    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
    3 Tioga Blvd Apalachin, NY 13732
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    We can help!
    Listing Contact
    Scott Warren, Ccim
    Scott Warren, Ccim
    Real Estate License ID: #10491212432
    (607) 621-0439 (607) 203-1826
    Learn more
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