Advance Auto Parts For
For Sale
$1,355,000
75 Robinson St, Binghamton, NY 13901
Advance Auto Parts property for sale in Binghamton, NY.
Property Size7,000 SF
Lot Size0.76 Acres
Price / SF$193.57
Days on Market187
Property Features for 75 Robinson St
General Information
Standard status
Active
Size
7,000 SF
Class
C
Lot size
0.76 Acres
Property subtype
Retail
Net Operating Income
$88,056
Building Details
Building Size
7,000 SF
Listing Agency:
S.L. Nusbaum Realty Co - Corporate
(757) 287-1490
Listed By:
Doug Aronson · License #BK3274104
(757) 287-1490
Source:
Slnusbaum
Added: Feb 25
Changed: Aug 26
Last Checked: Aug 30 at 3:37PM
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 S.L. Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
The Advance Auto Parts property, located at 75 Robinson Street in Binghamton, NY, is available for sale. The building encompasses approximately 7,000 square feet and is situated on approximately 0.76 acres at a signalized corner. The property benefits from excellent visibility from the feeder road leading to Interstates 81 and 86. Strategically positioned within a mile of numerous auto repair shops, the property is also located 10 minutes from Binghamton University. The building is slated to receive a new roof in 2025.
Key Highlights
- 10 Years of Initial Lease Term Remaining.
- New Roof in 2025.
- Located at a Signalized Corner Leading to Interstates 81 and 86.
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
$70,413
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
5.20%
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%
$1,408,260
$1.4M
Cap Rate 7%
$1,005,900
$1.0M
Cap Rate 9%
$782,367
$782.4K
Market Conditions
NOI Build-Up for 7,000 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
$105.0K $15.00/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$100.6K $14.37/SF
− OpEx
−$30.2K −$4.31/SF
NOI
$70.4K $10.06/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,408,260
Cap Rate 7%
$1,005,900
Cap Rate 9%
$782,367
Alternative Uses
Best Use
Retail
$1.01M
$880.2K – $1.17M
NOI $70,413 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$618.5K
$541.2K – $721.6K
NOI $43,293 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,565 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13901, NY
20,548
Population
10,148
Households
2
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
893
Density / Sq Mi
$54,165
Median Household Income
$36,897
Median Earnings
$806
Median Rent
$152,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Advance Auto Parts property for sale in Binghamton, NY.
Where is this automotive property located?
The property is located at 75 Robinson St Binghamton, NY.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: 10 Years of Initial Lease Term Remaining.; New Roof in 2025.; Located at a Signalized Corner Leading to Interstates 81 and 86.
