Building Details

Building Size 243 SF

Listing Agency: Binghamton Office

Listed By: Jeffrey Sabitus Show Phone

Source: Pyramidbrokerage

Added: Jul 10 Changed: Oct 13 Last Checked: Oct 20 at 5:10PM

Report an Issue

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 Binghamton Office

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property was formerly a bank drive-thru, offering a configuration suited to businesses that need drive-through functionality. The offering is being marketed as a reuse opportunity for a retail corridor.

The site is accessible from both Garfield Avenue and Monroe Street, providing two points of entry for customers and operations.

Because it is a former drive-thru bank, the property’s primary advantage is its existing drive-thru setup for an end user looking to operate from a vehicle-accessible format.

Key Highlights

• Former bank drive‑thru property
• Accessible from both Garfield Avenue and Monroe Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,143

Cap Rate

3.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$62,860 $62.9K

Cap Rate 7%

$44,900 $44.9K

Cap Rate 9%

$34,922 $34.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 243 SF

Gross rent

$4.4K $18.00/SF

− Vacancy

−$184 −$0.76/SF

EGI

$4.2K $17.24/SF

− OpEx

−$1.0K −$4.31/SF

NOI

$3.1K $12.93/SF

Area

Broome County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$62,860

Cap Rate 7%

$44,900

Cap Rate 9%

$34,922

Alternative Uses

Best Use

Specialty Retail

$44.9K

$39.3K – $52.4K (±1% cap)

NOI $3,143 @ 7.0% cap · market cap 3.17%

Second Best

Retail

$34.9K

$30.6K – $40.7K (±1% cap)

NOI $2,444 @ 7.0% cap · market cap 2.47%

Theoretical Best

Office A

$60.3K

$52.8K – $70.3K (±1% cap)

NOI $4,220 @ 7.0% cap · market cap 4.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Storage Facility Furniture & Home Goods Daycare Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,022

Businesses Nearby

106k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Shops & Services 32% Groceries 27% Electronics 2%

Price Chopper Supermarkets Groceries

28,152 visits/mo 0.3 miles

Wendy's Dining

28,070 visits/mo 0.3 miles

Dunkin' Donuts Dining

12,018 visits/mo 0.3 miles

Speedway Shops & Services

10,772 visits/mo 0.5 miles

Dollar General Shops & Services

5,434 visits/mo 0.4 miles

Demographics for 13760, NY

44,153

Population

20,988

Households

2.1

Avg Household Size

44

Median Age

34%

College-Educated

93%

High-School Grad

49.3 sq mi

ZIP Area

896

Density / Sq Mi

$63,242

Median Household Income

$41,939

Median Earnings

$883

Median Rent

$150,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Freestanding Bank Building

117 Main Street West, Endicott, NY 13760

$350,000

9,400 SF

View details

Corner-Lot Duplex with Garage

111 S Page Avenue, Endicott, NY 13760

$145,000

1,252 SF

View details

Duplex with Detached Garage

215 Oak Hill Avenue, Endicott, NY 13760

$165,000

1,730 SF

View details

Duplex with Private Porches

928 Windsor Drive, Endicott, NY 13760

$189,900

2,040 SF

View details

Six-Bedroom Duplex

3004 Watson Boulevard, Endicott, NY 13760

$250,000

2,470 SF

View details

Side-by-Side Duplex

211 Frey Ave, Endicott, NY 13760

$289,000

View details

Two-Family Duplex with Detached Garage

1800 Witherill St, Endicott, NY 13760

$249,900

View details

Leased 5-Unit Multifamily Property

1801 E Main St, Endicott, NY 13760

$256,500

View details

Mixed-Use Building with Apartments

100 Garfield Ave, Endicott, NY 13760

$293,900

View details

Mixed-Use Building with Apartment

32 Garfield Ave, Endicott, NY 13760

$349,000

5,655 SF

View details

Fully Occupied 9-Unit Apartment Building

3205 E Main St, Endicott, NY 13760

$425,000

View details

12-Unit Apartment Property

408-410 Roosevelt Ave, Endicott, NY 13760

$799,000

View details

Frequently Asked Questions

What type of property is this?

Bank - Former bank drive-thru property with access from Garfield Avenue and Monroe Street.

Where is this bank located?

The property is located at 28 Garfield Avenue Endicott, NY.

What is the asking price?

The asking price for this property is $99,000.

What are key features of this property?

This property features: Former bank drive‑thru property; Accessible from both Garfield Avenue and Monroe Street