Add Listing
    For Lease
    • 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

    1020 Center St Horseheads, NY 14845

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $700,000

    Affordable Home Furnishings business for sale with existing rental agreements.

    Lot size:
    20.60 Acres

    Property Features for 1020 Center St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    20.60 Acres

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Todd Post
    Todd Post
    Source: Elliman

    Listing Agency: Post Realty Listing Agent: Todd Post

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

    Learn more

    Overview

    Established Business in Business District

    Located in the heart of the Business District at 1020 Center Street, this established Affordable Home Furnishings business is available. The sale includes all inventory and current rental agreements, offering the chance to step into a steady income stream. This presents an excellent opportunity for an owner-operator or investor.
    Location Intelligence

    Current Use by Public Records

    GCP Discount Liquors ... (Bike/Boat/Book/etc) Store Grand Central Plaza Shopping Center & Mall Giuseppe's Restaurant Subway Take-out & Catering Lin Buffet Restaurant

    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
    Horseheads
    County
    Chemung
    State
    New York
    Longitude
    -76.8230682
    Latitude
    42.1572947

    Nearby Similar for Lease

    • $550,000
      11,239 SF

      Turnkey Convenience Store with Beer License

      Turnkey convenience store with beer license and fully equipped kitchen.
      3165 Lake Rd, Horseheads, NY 14845
      View Details
    • $950 /Mo
      1,250 SF

      Horseheads Commercial Space For Lease

      Commercial space in Hanover Square, great visibility, flexible uses.
      106 N Main St, Horseheads, NY 14845
      View Details
    • $459,000
      2,144 SF

      Turn-Key Restaurant in Horseheads, NY

      Thriving restaurant with loyal customer base in ideal location.
      300 Watkins Rd, Horseheads, NY 14845
      View Details
    • $7,800 /Mo
      33,600 SF

      Spacious Retail/Sports Complex Opportunity

      33,600 SF retail or sports complex space for lease.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $2,100 /Mo
      3,600 SF

      Horseheads Storefront Lease Opportunity

      Versatile 3,600 sq ft space in high-traffic Horseheads business district.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $2,200 /Mo
      4,000 SF

      Storefront in High-Traffic Area

      4000 sq ft storefront in Horseheads business district.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $1,100 /Mo
      1,500 SF

      Storefront in High-Traffic Location

      Versatile 1500 SF space ideal for retail or office.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $17,000 /Mo
      102,732 SF

      Historic Commercial Plaza Redevelopment Opportunity

      Historic commercial plaza space for lease in Horseheads, NY.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $1,100 /Mo

      Storefront in High-Traffic Area

      Versatile 1500 sq ft space ideal for retail or office.
      3162 Lake Rd, Horseheads, NY 14845
      View Details
    • $950 /Mo

      Versatile Commercial Space in Hanover

      Prime commercial space in a high-traffic Hanover Square location.
      106 N Main St, Horseheads, NY 14845
      View Details
    • Contact for pricing
      1,057,754 SF

      Arnot Mall Anchor Position

      Former Sears store in a busy regional shopping area.
      3300 Chambers Rd, Horseheads, NY 14845
      View Details
    • $1,950 /Mo

      Prescott Avenue Specialty Property

      Specialty property available for rent in Horseheads, NY.
      217 Prescott Ave, Horseheads, NY 14903
      View Details

    FAQs

    What type of property is this?
    Storefront property - Affordable Home Furnishings business for sale with existing rental agreements.
    Where is this storefront property located?
    The property is located at 1020 Center St Horseheads, NY.
    What is the lease rate?
    The lease rate is $700,000.
    What are key features of this property?
    This property features: - Established business with existing inventory included in sale.; - Located in the heart of the Business District.; - Includes current rental agreements for immediate income.
    (315) 258-3883
    Request Owner's contact information
    1020 Center St Horseheads, NY 14845
    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.
    1020 Center St
    Horseheads, NY 14845
    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
    1020 Center St Horseheads, NY 14845
    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
    Todd Post
    Todd Post
    Real Estate License ID: 10311208136
    (315) 258-3883 (315) 729-4120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!