Multi-Tenant Flex
33 Lewis Road, Binghamton, NY 13905
For Sale
Contact for pricing
Regional connections are available via Interstate 81 and Interstate 86.
Property Size407,000 SF
Price / SF$87.85
Days on Market33
Property Features for 33 Lewis Road
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Tenancy
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License FL BK3369953
(954) 385-0000
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 10 at 8:33AM
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 Sands Investment Group
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Investment Insights
Based on property information with market context.
This 407,000-square-foot industrial and flex property at 33 Lewis Road in Binghamton is configured for multiple tenants.
Interstate 81 and Interstate 86 provide highway access from the property, connecting the area with Upstate New York, Pennsylvania, and the broader Northeast.
Interstate 81 and Interstate 86 provide highway access from the property, connecting the area with Upstate New York, Pennsylvania, and the broader Northeast.
Key Highlights
- 407,000 SF multi‑tenant industrial/flex property
- Located at 33 Lewis Road in Binghamton, NY
- Access to Interstate 81 and Interstate 86
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,517,194
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$50,343,880
$50.3M
Cap Rate 7%
$35,959,914
$36.0M
Cap Rate 9%
$27,968,822
$28.0M
Market Conditions
NOI Build-Up for 407,000 SF
Gross rent
$3.86M $9.48/SF
− Vacancy
−$262.4K −$0.64/SF
EGI
$3.60M $8.84/SF
− OpEx
−$1.08M −$2.65/SF
NOI
$2.52M $6.18/SF
Area
Broome County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$50,343,880
Cap Rate 7%
$35,959,914
Cap Rate 9%
$27,968,822
Alternative Uses
Best Use
Industrial
$35.96M
$31.46M – $41.95M
NOI $2,517,194 @ 7.0% cap · market cap 7.04%
Second Best
Flex RnD
$33.39M
$29.22M – $38.96M
NOI $2,337,394 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$100.97M
$88.35M – $117.80M
NOI $7,068,125 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13905, NY
27,672
Population
13,774
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
28.2 sq mi
ZIP Area
981
Density / Sq Mi
$53,757
Median Household Income
$30,359
Median Earnings
$993
Median Rent
$137,700
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 Industrial in Binghamton, NY
Frequently Asked Questions
What type of property is this?
Flex space - Regional connections are available via Interstate 81 and Interstate 86.
Where is this flex space located?
The property is located at 33 Lewis Road Binghamton, NY.
What is the asking price?
The asking price for this property is $35,756,234.
What are key features of this property?
This property features: 407,000 SF multi‑tenant industrial/flex property; Located at 33 Lewis Road in Binghamton, NY; Access to Interstate 81 and Interstate 86
