Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    437 Broad Street Waverly, NY 14892

    View on Map
    Claim this Listing
    For Sale
    $424,900

    COMMERCIAL - Waverly, NY

    Property size:
    11,860 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $35/SF
    Added:
    Mar 27, 2026
    Days on Market:
    33
    Last Refresh:
    Apr 28 at 9:06 pm

    Property Features for 437 Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    20
    Standard status
    Active
    APN
    492001-166-019-0004-026-000-0000
    Size
    11,860 SF
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10482

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Separate Meters

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    65
    Roof type
    Flat

    We can help!

    Listing Contact
    Holly McNelis

    Listing agent Holly McNelis License #10401378842

    Listing office Howard Hanna Horseheads 2783 WESTINGHOUSE RD, Corning, NY

    Listing date Mar 27, 2026

    MLS# R1669353

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waverly, NY Self-Storage Facility

    This turnkey investment opportunity features a 65-unit self-storage facility located in Waverly, NY. The income-producing property provides consistent revenue, with additional space currently utilized for business use, offering added income potential. The property is conveniently located just off I-86, providing easy access and visibility. The property is zoned for commercial use and has a size of 11860 square feet and a lot size of 0.6192 acres. This presents a strong opportunity for investors seeking steady cash flow with room for growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Tioga
    State
    New York
    Longitude
    -76.535523
    Latitude
    42.001656

    Nearby Similar for Sale

    • $849,000

      Waverly Commercial Property For Sale

      Income-producing property with warehouses, offices, kitchen, and flexible spaces.
      241-243 Erie Street, Waverly, NY 14892
      View Details
    • $146,775
      2,290 SF

      Updated Duplex in Waverly, NY

      Renovated duplex, ideal for investment or owner-occupancy.
      472 Waverly Street, Waverly, NY 14892
      View Details
    • $625,000

      Waverly Mixed-Use Investment Opportunity

      High-performing mixed-use building with strong cash flow and upside potential.
      367 Broad St, Waverly, NY 14892
      View Details
    • $269,000

      Waverly Commercial Property with Income

      Turnkey commercial property with established business, apartment, and vacant lot.
      210-220 Broad Street, Waverly, NY 14892
      View Details
    • $1,399,000
      11,660 SF

      Former Market with Retail Space

      Retail building with equipment, furniture, and fixtures included.
      118 Broad St, Waverly, NY
      View Details
    • $899,000
      12,865 SF

      Versatile Income-Producing Commercial Property

      Mixed-use property with warehouses, offices, kitchen, and flexible rental options.
      241-243 Erie Street, Waverly, NY 14892
      View Details
    • $325,000

      Metal Fabrication Business For Sale

      Established metal fabrication and welding business with equipment and inventory.
      116 Howard Street, Waverly, NY 14892
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Turnkey 65-unit self-storage facility with additional business space.
    Where is this self storage facility located?
    The property is located at 437 Broad Street Waverly, NY.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: 65‑unit self storage facility provides consistent revenue.; Turnkey investment opportunity.; Additional space for business use provides added income potential.
    (607) 259-2741
    We can help!
    Listing Contact
    Holly McNelis
    Real Estate License ID: 10401378842
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!