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    111 Grant Ave Endicott, NY 13760
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    Property profile & analytics

    111 Grant Ave, Endicott, NY 13760

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    • Office buildings
    • 38,517 SF
    • 2.10 lot acres
    For Sale
    $2,500,000
    View Listing →
    Endicott Office Building For Sale For Sale
    $2,500,000
    41,000 SF

    Endicott Office Building For Sale

    41,000 SF office building with amenities and ample parking.

    111 Grant Avenue, Endicott, NY 13760
    View Listing
    Property ID
    US63-0617444
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TechMD / Tech Support Center / IT Consulting Firm
    • Cetera Investors / Financial Advisor
    • FedEx Drop Box / Postal Service / Courier Service
    • Cheevers Hand & Angeline LLC / Financial Advisor
    • Robert A Mead & Associates Inc / Real Estate Agency

    Property Details for 111 Grant Ave

    Year built
    1979
    Lot size
    2.10 lot acres
    Zone code
    NC
    Property type
    Office buildings
    APN
    034601 157.07-1-46
    APU
    3460115707146

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 21, 2009 $645,000 Bilaw Partners LLC Grant Avenue Associates LLC Grant Deed · related —

    Description

    This exceptional two-story, 41,000 square foot traditional office building at 111 Grant Avenue in Endicott, New York, presents a compelling investment opportunity. Currently 88% occupied, with an occupancy date of March 7, 2024, the property boasts a prime location offering immediate Interstate access and proximity to numerous amenities. The building is meticulously maintained and features a professional main lobby, an attractive atrium, controlled access for enhanced security, and multiple common conference rooms available at no cost to tenants. Ample free parking is provided for tenants and visitors. A significant 5,000 square foot suite is currently available for lease, offering convenient access to a loading dock, ideal for businesses requiring efficient goods handling. The asking price is $2,950,000, translating to a price per square foot of $71.95. The building's high occupancy rate, desirable location, and extensive amenities make it an attractive prospect for investors seeking a stable and profitable commercial real estate asset in Broome County, NY, zip code 13760. The property's walkable location further enhances its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,119,000
      Market price range: $1.12M - $2.95M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Endicott
    County
    Broome
    State
    New York
    Longitude
    -76.0451
    Latitude
    42.1014
    CBSA code
    13780
    CBSA name
    BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $21,300
    $45,660
    $66,960
    -
    $615,607
    $1,319,653
    $1,935,260

    Comparable in this City

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      $735,000
      7,006 SF

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    • Value Estimation
      $520,000
      4,367 SF

      565 Hooper Rd

      PROFESSIONAL BUILDING
      565 Hooper Rd, Endicott, NY 13760-1953
      View Details
    • Value Estimation by Request
      3,024 SF

      3001 Main St

      PROFESSIONAL BUILDING
      3001 Main St, Endicott, NY 13760-5843
      View Details
    • Value Estimation by Request
      1,736 SF

      1500 Main St

      OFFICE BUILDING
      1500 Main St, Endicott, NY 13760-5434
      View Details
    • Value Estimation
      $1,195,000
      10,625 SF

      1001 Main St

      OFFICE BUILDING
      1001 Main St, Endicott, NY 13760
      View Details
    • Value Estimation
      $2,925,000
      30,200 SF

      860 Hooper Rd

      OFFICE BUILDING
      860 Hooper Rd, Endicott, NY 13760-1564
      View Details

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    • $2,500,000
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      Endicott Office Building For Sale

      41,000 SF office building with amenities and ample parking.
      111 Grant Ave, Endicott, NY 13760
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      Endicott Multifamily Investment Opportunity

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      Retail or office space with high visibility and traffic.
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      Move-in Ready Industrial Warehouse Space

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    View Listing
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    Endicott, NY 13760
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    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
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