Building Details

Building Size 7,000 SF

Listing Agency: S.L. Nusbaum Realty Co

Listed By: Doug Aronson · License #BK3274104 Show Phone

Source: Slnusbaum

Added: Feb 25 Changed: Oct 7 Last Checked: Oct 16 at 8:12AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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 / Yr

$70,413

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,260 $1.4M

Cap Rate 7%

$1,005,900 $1.0M

Cap Rate 9%

$782,367 $782.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

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 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 (±1% cap)

NOI $70,413 @ 7.0% cap · market cap 5.20%

Second Best

Industrial

$618.5K

$541.2K – $721.6K (±1% cap)

NOI $43,293 @ 7.0% cap · market cap 3.20%

Theoretical Best

Office A

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,565 @ 7.0% cap · market cap 8.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

UPS Access Point ... Courier Service Auto Loans Near ... Loan Service Advance Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic HVAC Service Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Binghamton Multifamily Investment Opportunity

327 Main St, Binghamton, NY 13905

$856,500

View details

Renovated Student Housing Complex

139 Murray Street, Binghamton, NY 13905

$849,000

8,134 SF

View details

Eight-Unit Apartment Building

175 Chapin Street, Binghamton, NY 13905

$730,000

7,820 SF

View details

12-Unit Brick Apartment Building

7 Tremont Ave, Binghamton, NY 13903

$770,000

View details

Three-Family Student Housing Property

24 Mather Street, Binghamton, NY 13905

$225,000

View details

6-Unit Multifamily Property

116 Prospect Avenue, Binghamton, NY 13901

$230,000

6,640 SF

View details

Downtown Binghamton Student Housing Investment

74 Carroll St, Binghamton, NY 13901

$1,340,000

13,020 SF

View details

7-Unit Apartment Building

86 Oak Street, Binghamton, NY 13905

$515,000

5,778 SF

View details

Freestanding Storefront Building

221 Main Street, Binghamton, NY 13905

$525,000

8,550 SF

View details

Laundromat Retail Building

20 W State Street, Binghamton, NY 13901

$790,000

View details

Six-Unit Apartment Building

93 Walnut St, Binghamton, NY 13905

$215,000

View details

Colonial Building with Redevelopment Potential

71 Main St, Binghamton, NY 13905

$650,000

10,472 SF

View details

Similar Off Market Nearby

• New York Auto Radiator, Inc. — 146 Susquehanna St, Binghamton, NY 13901
• Trailer Rental at U-Haul — 113 Chenango St, Binghamton, NY 13901
• U-Box at U-Haul — 113 Chenango St, Binghamton, NY 13901
• U-Haul Moving & Storage of Binghamton — 113 Chenango St, Binghamton, NY 13901
• Williams Toyota of Binghamton Service — 393 Court St, Binghamton, NY 13904

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.