Class A Industrial
For Sale
Contact for pricing
152 Corporate Dr, Oneonta, NY 13820
22,389 SF Class A industrial space for sale.
Property Size22,389 SF
Lot Size4.60 Acres
Price / SF$99.16
Days on Market3017
Property Features for 152 Corporate Dr
General Information
Standard status
Active
Size
22,389 SF
Class
A
Lot size
4.60 Acres
Property subtype
Industrial
Building Details
Year Built
2005
Buildings
1
Stories
1
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company, Inc - Latham, New York
Listed By:
Jeffrey D'Amore, SIOR · License #NY 10311208356
Source:
Crexi
Added: May 29, 2018
Changed: Aug 25
Last Checked: Aug 29 at 8:15PM
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 Cushman & Wakefield Pyramid Brokerage Company, Inc - Latham, New York
Investment Insights
Based on property information with market context.
This Class A industrial space offers up to 22,389 square feet suitable for warehouse, distribution, or manufacturing uses. The stand-alone building features a 40-foot clear height, four truck-height loading docks, and ample power. Situated on a 4.6-acre parcel, the property allows for an additional 51,663 square feet of expansion. The landlord will consider demising the space down to 10,000 square feet. The property is available for sale or lease.
Key Highlights
- Up to 22,389 SF of Class A Industrial Space
- Benefit from a 40' Clear Height
- Features 4 Truck Height Loading Docks
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
$138,470
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
6.24%
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%
$2,769,400
$2.8M
Cap Rate 7%
$1,978,143
$2.0M
Cap Rate 9%
$1,538,556
$1.5M
Market Conditions
NOI Build-Up for 22,389 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
$212.2K $9.48/SF
− Vacancy
−$14.4K −$0.64/SF
EGI
$197.8K $8.84/SF
− OpEx
−$59.3K −$2.65/SF
NOI
$138.5K $6.18/SF
Area
Otsego 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 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%
$2,769,400
Cap Rate 7%
$1,978,143
Cap Rate 9%
$1,538,556
Alternative Uses
Best Use
Warehouse
$3.89M
$3.41M – $4.54M
NOI $272,614 @ 7.0% cap · market cap 12.28%
Second Best
Industrial
$1.98M
$1.73M – $2.31M
NOI $138,470 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $432,018 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 22,389 SF Class A industrial space for sale.
Where is this warehouse located?
The property is located at 152 Corporate Dr Oneonta, NY.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: Up to 22,389 SF of Class A Industrial Space; Benefit from a 40' Clear Height; Features 4 Truck Height Loading Docks
