Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    351-361 Chestnut St Oneonta, NY 13820
    Back to Search
    Property profile & analytics

    351-361 Chestnut St, Oneonta, NY 13820

    View on Map
    • Retail properties & Spaces
    • 18,732 SF
    • 0.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 351-361 Chestnut St

    Year built
    1920
    Lot size
    0.53 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Oneonta, NY commercial property, located at 351-361 Chestnut Street, presents a significant investment opportunity. Boasting a substantial 18,732 square feet of space, this single-story, 1920-built storefront building is situated on a 0.53-acre lot (approximately 149x150 feet) and offers versatile potential for a variety of retail or office uses. The property features 23 parking spaces, a significant advantage in a busy commercial area. The building includes a partial basement and is equipped with gas forced-air heating. The flat rubber membrane roof is in place. The property is connected to public sewer and utilities. Currently configured with multiple rooms, the layout is easily adaptable to suit diverse business needs, with multiple entrances and bathrooms. An included apartment above provides additional income potential or housing for the business owner. The property is zoned for commercial use (1 use sm) and is offered at $399,000 ($21/sq ft). Possession is at the close of escrow. The APN is 299.7-7-10. This prime West End location offers excellent visibility and accessibility. Don't miss this chance to acquire a substantial commercial property in a thriving New York community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.0879
    Latitude
    42.4532

    Comparable in this City

    • Value Estimation by Request
      11,400 SF

      5071 Ny-23

      Individual retail properties
      5071 Ny-23, Oneonta, NY 13820
      View Details
    • Value Estimation by Request
      3,286 SF

      28 West St

      Individual retail properties
      28 West St, Oneonta, NY 13820
      View Details
    • Value Estimation by Request

      786 Southside Dr

      Manufacturing properties
      786 Southside Dr, Oneonta, NY 13820
      View Details
    • Value Estimation
      $1,410,000
      9,100 SF

      1735 State Hwy 205

      RETAIL STORES (PERSONAL SERVICES)
      1735 State Hwy 205, Oneonta, NY 13820-3336
      View Details
    • Value Estimation
      $1,435,000
      9,100 SF

      11160 State Hwy 23

      RETAIL STORES (PERSONAL SERVICES)
      11160 State Hwy 23, Oneonta, NY 13820-4239
      View Details
    • Value Estimation by Request
      2,214 SF

      457 Chestnut St

      RETAIL STORES (PERSONAL SERVICES)
      457 Chestnut St, Oneonta, NY 13820-1022
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Rail Station For Sale

      Lovingly restored historic rail station suitable for retail or office.
      58-60 Market St, Oneonta, NY 13820
      View Details
    • Contact for pricing
      8,000 SF

      Historic Rail Station For Sale

      Lovingly restored historic rail station suitable for retail or office.
      58-60 Market St, Oneonta, NY 13820
      View Details
    • Contact for pricing
      41,098 SF

      Lumber Yard and Hardware Store

      Established lumber yard and hardware store for sale in Oneonta.
      5662 Ny-7, Oneonta, NY 13820
      View Details
    • Contact for pricing
      7,754 SF

      Mixed-Use Property on Main Street

      Versatile mixed-use property with restaurant and residential units.
      26 Main St, Oneonta, NY 13820
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Oneonta Commercial Space For Lease

      4000 sq. ft. retail/office space in high-traffic location.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • $4,000 /Mo
      4,000 SF

      Oneonta Retail/Office Space Available

      4000 sq ft space in high-traffic plaza, suitable for various businesses.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Near Southside Mall

      2,800 SF retail suite with high visibility and traffic.
      5001 Ny-23, Oneonta, NY 13820
      View Details
    • $11,667 /Mo
      17,500 SF

      Oneonta Commercial Space For Lease

      17,500 sq. ft. retail/warehouse space in high-traffic location.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • $11,667 /Mo
      17,500 SF

      Oneonta Retail/Warehouse Space Available

      17,500 sq. ft. retail or warehouse space for lease.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    351-361 Chestnut St
    Oneonta, NY 13820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    351-361 Chestnut St, Oneonta, NY, 13820
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!