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

    237 Main St, Unit Binghamton NY Binghamton, NY 13905

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,915 SF retail building on 0.33 acres.

    Property size:
    2,915 SF
    Lot size:
    0.33 Acres

    Property Features for 237 Main St

    General Information

    Standard status
    Active
    Size
    2,915 SF
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Derek Zerfass
    Source: Crexi

    Listing Agency: Colliers - Allentown, Pennsylvania Listing Agent: Derek Zerfass

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

    Learn more

    Overview

    Retail Building on Main Street

    This commercial property features a 2,915 square foot building situated on a 0.33-acre lot. The property is located on Main Street in Binghamton, NY. The building and site layout are designed for efficiency.
    Location Intelligence

    Current Use by Public Records

    KFC Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9366199
    Latitude
    42.106462

    Nearby Similar for Sale

    • $827,000
      4,058 SF

      Mixed-Use Property in Historic District

      Three-story mixed-use property with office space and residential rentals.
      136 Court St, Binghamton, NY 13901
      View Details
    • Contact for pricing
      1,313 SF

      Downtown Binghamton Office Space

      Functional office space in downtown Binghamton, suitable for various businesses.
      136 Court St, Binghamton, NY 13901
      View Details
    • $600,000
      106,000 SF

      Binghamton Warehouse with Additional Land

      Warehouse with 3.4 acres in revitalizing Binghamton neighborhood.
      30 Crandall St, Binghamton, NY 13905
      View Details
    • New
      $152,000
      2,312 SF

      Binghamton Triplex on Double Lot

      Triplex near SUNY-Broome with income potential and convenient location.
      14 Deforest St, Binghamton, NY 13901
      View Details
    • $395,000
      Pending

      Former MIDAS Service Center

      Corner lot with seven garage bays on busy Court Street.
      489 Court St, Binghamton, NY 13901
      View Details
    • $119,888
      1,798 SF

      Binghamton Multi-Family Fixer-Upper

      Two-unit investment property needing renovation with significant potential.
      7 Charlotte St, Binghamton, NY 13905
      View Details
    • $395,000

      Dollar General Binghamton Investment Property

      Freestanding Dollar General in Binghamton, NY with long-term tenant.
      325 Clinton St, Binghamton, NY 13905
      View Details
    • $350,000
      2,288.00 Acres

      Downtown Binghamton Redevelopment Opportunity

      Five-story downtown property with redevelopment potential in a prime location.
      81 Court St, Binghamton, NY 13901
      View Details
    • $100,000
      1,510 SF

      Binghamton Two-Family Home For Sale

      Two-family home in Binghamton, New York, great investment opportunity.
      9 Halford St, Binghamton, NY 13905
      View Details
    • Contact for pricing

      BINGHAMTON Retail Opportunity

      Prime retail space in revitalizing downtown Binghamton.
      23 Henry St, Binghamton, NY 13901
      View Details
    • $669,000
      4,918 SF

      Mixed-Use Building with Rental Income

      Well-maintained 9-unit building with recent capital improvements.
      132 Main St, Binghamton, NY 13905
      View Details
    • $199,000
      1,820 SF

      Turnkey Tavern Business and Real Estate

      Turnkey tavern with equipment included, close to downtown Binghamton.
      165 Conklin Ave, Binghamton, NY 13903
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,915 SF retail building on 0.33 acres.
    Where is this retail space located?
    The property is located at 237 Main St, Unit Binghamton NY Binghamton, NY.
    What are key features of this property?
    This property features: - Efficient building layout; - 2,915 SF building size; - 0.33 acre lot size
    Request Owner's contact information
    237 Main St, Unit Binghamton NY Binghamton, NY 13905
    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.
    237 Main St, Unit Binghamton NY
    Binghamton, NY 13905
    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
    237 Main St, Unit Binghamton NY Binghamton, NY 13905
    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
    Derek Zerfass
    Real Estate License ID: RS300857
    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!