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 Market3062
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: Oct 12
Last Checked: Oct 14 at 10:32PM
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
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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 / Yr
$138,470
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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
