Property profile

1040 Vestal Pkwy E Vestal, NY 13850

FOR SALE
Office buildings
Property ID
US63-1351319
10,880 SF 0.46 ac lot Built 1965
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Class A office building is located on Vestal Parkway East in Vestal, New York, providing 10,880 square feet of space. The property is within about one mile of NYS Route 26 and the I-86 interchange and offers access to major regional highways including I-86, I-81, and I-88, with proximity to Endicott and Binghamton and located roughly 8 minutes from Binghamton University. Building features include modern interior finishes, heating and air conditioning served by four separate units, and 3-phase electric with four separate meters. The layout includes six restrooms, an outdoor break area, and 29 on-site parking spaces, plus an additional 0.33-acre partially paved vacant lot across the street at 109 Brady Ave for extra parking. The first floor has floor-to-ceiling windows and is configured with suitability for potential retail use, while the second floor has a reinforced steel and concrete floor designed to support heavy equipment or machinery, making it adaptable for uses such as a full-size gym. The rear of the building includes an elevated loading dock and ramp access, and the exterior and surrounding area provide proximity to dining, shopping, lodging, retail services such as car dealerships and child care, and the Vestal Rail Trail.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 10,880 SF
Lot 0.46 ac (20,038 SF)
Zoning code C-1
APN 034800 157.16-1-4
UPID US63-1351319

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Family Counselor
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency
  • Family Counselor

Location

1040 Vestal Pkwy E Vestal, NY 13850
Vestal metro Census 14400 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
$420k
Blend (final) Blend
$530k

Owner & transaction history

since 2006
1 recorded transaction
2006
$351,250

Zoning & alternative use

C-1 · Vestal, NY
Zoning description

d. I Allowable as an accessory use. P Allowable as a use permitted by right. T Allowable upon obtaining a special permit from the town board. Z Allowable upon obtaining a special permit from the zoning board of appeals.…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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