Vestal, NY Dental
For Sale
Contact for pricing
Pending
N Main St, Vestal, NY 13850
5,781 SF commercial property in Vestal, NY for sale.
Property Size5,781 SF
Days on Market180
Property Features for N Main St
General Information
Standard status
Pending
Size
5,781 SF
Property subtype
Office, Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$58,000
Building Details
Year Built
1895
Year Renovated
1990
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #9009637
Source:
Crexi
Added: Feb 17
Changed: Aug 15
Last Checked: Aug 14 at 8:37AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This 5,781 square foot commercial property is located in Vestal, NY. The property is offered for sale as an absolute NNN dental sale-leaseback.
Key Highlights
- Absolute NNN Lease
- Dental Sale‑Leaseback opportunity
- Located in Vestal, NY
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
$76,308
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
8.48%
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%
$1,526,160
$1.5M
Cap Rate 7%
$1,090,114
$1.1M
Cap Rate 9%
$847,867
$847.9K
Market Conditions
NOI Build-Up for 5,781 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
$145.7K $25.20/SF
− Vacancy
−$18.5K −$3.20/SF
EGI
$127.2K $22.00/SF
− OpEx
−$50.9K −$8.80/SF
NOI
$76.3K $13.20/SF
Area
Broome County, NY
Vacancy
12.70%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,526,160
Cap Rate 7%
$1,090,114
Cap Rate 9%
$847,867
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$953.9K – $1.27M
NOI $76,308 @ 7.0% cap · market cap 8.48%
Second Best
Office B
$1.07M
$938.5K – $1.25M
NOI $75,078 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,395 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13850, NY
22,135
Population
10,427
Households
2.1
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
433
Density / Sq Mi
$81,627
Median Household Income
$44,821
Median Earnings
$1,111
Median Rent
$185,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,781 SF commercial property in Vestal, NY for sale.
Where is this medical office space located?
The property is located at N Main St Vestal, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Absolute NNN Lease; Dental Sale‑Leaseback opportunity; Located in Vestal, NY
