Two-Frontage Office
For Sale
Contact for pricing
9 River Street, Oneonta, NY 13820
Two connected structures offer varied office, meeting, dining, and storage areas alongside on-site parking.
Property Size10,621 SF
Price / SF$1.13
Days on Market17
Property Features for 9 River Street
General Information
Standard status
Active
Size
10,621 SF
Total Parking Spaces
25
Property subtype
Office
Additional Details
Road Access
Yes
Property Use
Office
Amenities
shared common areas
meeting rooms
kitchen
dining hall
storage
reception area
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Keller Williams Upstate NY Properties
(607) 431-2540
Listed By:
Jami J. Brown · License #10401372309
(515) 708-1518
Source:
Prestigefamilyrealty
Added: Oct 16
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 Keller Williams Upstate NY Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property comprises two connected buildings constructed in 1900. The interior includes offices of different sizes, private offices, shared areas, meeting rooms, a kitchen, a dining hall, and storage. A ground-level entrance and reception area serve the building, with storefront windows and frontage along River Street and Main Street.
The property includes 25 on-site parking spaces and nearly 3,900 square feet of off-street parking area. Restaurants, convenience stores, banks, parks, and entertainment venues are nearby.
The property includes 25 on-site parking spaces and nearly 3,900 square feet of off-street parking area. Restaurants, convenience stores, banks, parks, and entertainment venues are nearby.
Key Highlights
- Two connected office buildings dating to 1900
- Frontage and storefront windows on River Street and Main Street
- 25 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,207
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,684,140
$2.7M
Cap Rate 7%
$1,917,243
$1.9M
Cap Rate 9%
$1,491,189
$1.5M
Market Conditions
NOI Build-Up for 10,621 SF
Gross rent
$229.4K $21.60/SF
− Vacancy
−$50.5K −$4.75/SF
EGI
$178.9K $16.85/SF
− OpEx
−$44.7K −$4.21/SF
NOI
$134.2K $12.64/SF
Area
Otsego County, NY
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,684,140
Cap Rate 7%
$1,917,243
Cap Rate 9%
$1,491,189
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,207 @ 7.0% cap · market cap 1,118.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $204,943 @ 7.0% cap · market cap 1,707.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two connected structures offer varied office, meeting, dining, and storage areas alongside on-site parking.
Where is this office building located?
The property is located at 9 River Street Oneonta, NY.
What are key features of this property?
This property features: Two connected office buildings dating to 1900; Frontage and storefront windows on River Street and Main Street; 25 on‑site parking spaces
