Professional Office Space in
For Sale
$275,000
2860 Westinghouse Rd, Horseheads, NY 14845
Well-maintained office building with expansion potential in Horseheads, NY.
Property Size2,376 SF
Price / SF$115.74
Days on Market344
Property Features for 2860 Westinghouse Rd
General Information
Standard status
Active
Size
2,376 SF
Taxes and HOA fees
Annual Taxes
$7,778
Listing Agency:
Howard Hanna Horseheads
(607) 739-1444
Listed By:
Arthur D. Ambrose · License #30AM1081022
(607) 738-8900
Source:
Exprealty
Added: Nov 5, 2025
Changed: Oct 13
Last Checked: Oct 12 at 11:28PM
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 Howard Hanna Horseheads
Investment Insights
Based on property information with market context.
This well-built and maintained office building is centrally located in Horseheads, NY, offering possibilities for professional office space. The 2,376 square foot property features a foyer entry, a large waiting room, and a reception/secretarial area with storage shelving and closets. There are seven private rooms, currently used for dental work, and two half baths. Additional features include storage space, ample blacktop parking, a double lot suitable for building expansion or another building, and a large storage shed. The property has all public utilities, central air conditioning, and a high-visibility location. The dental equipment is not included.
Key Highlights
- Centrally located office building in Horseheads, NY with high visibility.
- Seven private rooms suitable for professional office use.
- Double lot offers building expansion possibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,582
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,640
$451.6K
Cap Rate 7%
$322,600
$322.6K
Cap Rate 9%
$250,911
$250.9K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$34.2K $14.40/SF
− Vacancy
−$4.1K −$1.73/SF
EGI
$30.1K $12.67/SF
− OpEx
−$7.5K −$3.17/SF
NOI
$22.6K $9.50/SF
Area
Chemung County, NY
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,640
Cap Rate 7%
$322,600
Cap Rate 9%
$250,911
Alternative Uses
Best Use
Office B
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 8.21%
Second Best
Healthcare Medical
$280.4K
$245.3K – $327.1K
NOI $19,625 @ 7.0% cap · market cap 7.14%
Theoretical Best
Multifamily LT 5
$21.63M
$18.93M – $25.23M
NOI $1,514,018 @ 7.0% cap · market cap 550.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14845, NY
20,628
Population
9,370
Households
2.2
Avg Household Size
46
Median Age
35%
College-Educated
96%
High-School Grad
78.2 sq mi
ZIP Area
264
Density / Sq Mi
$76,617
Median Household Income
$45,909
Median Earnings
$1,175
Median Rent
$183,900
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 Office in Northeast region
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Similar Off Market Nearby
- P.A.W.S of NY — 517 Gardner Rd, Horseheads, NY 14845
- All Ears Veterinary Clinic PLLC Horseheads — 2912 Westinghouse Rd, Horseheads, NY 14845
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained office building with expansion potential in Horseheads, NY.
Where is this medical office space located?
The property is located at 2860 Westinghouse Rd Horseheads, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Centrally located office building in Horseheads, NY with high visibility.; Seven private rooms suitable for professional office use.; Double lot offers building expansion possibilities.
