Standalone Retail
New
For Sale
$59,900
128 Chestnut St, Oneonta, NY 13820
Compact commercial space near two colleges and downtown, with a small on-site parking area.
Property Size420 SF
Price / SF$142.62
Days on Market2
Property Features for 128 Chestnut St
General Information
Standard status
Active
Size
420 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$950
Building Details
Building Size
420 SF
Year Built
1900
Buildings
1
Stories
1
Listed By:
C. Vitiello
(315) 868-9666
Source:
Elliman
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 at 2:41PM
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 C. Vitiello
Investment Insights
Based on property information with market context.
This standalone retail building contains 420 square feet of commercial space and dates to 1900. The compact footprint can accommodate a small business operation, subject to applicable approvals and use requirements.
The property is at 128 Chestnut St in Oneonta, near two colleges and downtown Oneonta. A small parking lot supports on-site customer access, while the location is also described as somewhat bikeable and car-dependent.
The property is at 128 Chestnut St in Oneonta, near two colleges and downtown Oneonta. A small parking lot supports on-site customer access, while the location is also described as somewhat bikeable and car-dependent.
Key Highlights
- Standalone commercial building with 420 square feet
- Built in 1900
- Near two colleges and downtown Oneonta
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$81,120
$81.1K
Cap Rate 7%
$57,943
$57.9K
Cap Rate 9%
$45,067
$45.1K
Market Conditions
NOI Build-Up for 420 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$6.0K $14.40/SF
− Vacancy
−$254 −$0.60/SF
EGI
$5.8K $13.80/SF
− OpEx
−$1.7K −$4.14/SF
NOI
$4.1K $9.66/SF
Area
Otsego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$81,120
Cap Rate 7%
$57,943
Cap Rate 9%
$45,067
Alternative Uses
Best Use
Retail
$57.9K
$50.7K – $67.6K
NOI $4,056 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$115.8K
$101.3K – $135.1K
NOI $8,104 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial space near two colleges and downtown, with a small on-site parking area.
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 $59,900.
What are key features of this property?
This property features: Standalone commercial building with 420 square feet; Built in 1900; Near two colleges and downtown Oneonta
