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Property profile & analytics
OFF-MARKET
Estimated value
$8,825,000
Warehouses
191 Corporate Dr, Binghamton, NY 13904-3214
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2521159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
71,500 SF
Lot
3.4 ac (148,104 SF)
APN
033400 146.04-1-53
UPID
US63-2521159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.21M
CAP Approach
CAP
$8.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.83M
Owner & transaction history
The Raymond Corporation · 2 yrs held
The Raymond Corporation
since 2024
Last sale
$9.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+116.1%
Auto repair, garage
$5.8M
+65.6%
Restaurant
$5.4M
+53.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Binghamton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Binghamton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,070,000
ML approach
$8,205,000
CAP Approach
CAP Return
Estimation
6%
$8,950,000
6.5%
$8,260,000
7%
$7,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,625,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,840,000
Change: +66% · Conversion: Easy
RESTAURANT
$5,405,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$8.83M
Range $7.94M – $9.71M · ±10% · vs last sale $9.80M (Jan 2 2024)
Last sale anchor
$9.80M
Jan 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,197,400
Assessed 2023
Previous assessed
$1,197,400
+0.0% YoY
Assessed land
$128,800
Assessed improvement
$1,068,600
Land market value
$211,148
Improvement market value
$1,751,803
Total market value
$1,962,951
Applied tax rate
35,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
71,500 SF
Lot
3.4 ac (148,104 SF)
APN
033400 146.04-1-53
UPID
US63-2521159
Jurisdiction
BROOME
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
The Raymond Corporation
Entity
Mailing address
245 CLINTON ST, BINGHAMTON, NY 13905-2128
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$9,800,000
The Raymond Corporation
Rogers As Realty LLC
Bargain And Sale Deed
—
Apr 15, 2022
—
Rogers As Realty LLC
—
Deed
related
$1,418,363 · United States Small Business Admin
Jan 10, 2022
$6,350,000
Rogers As Realty LLC
Great Star Tools USA INC
Deed
$2,635,000 · Nybdc Local Development Corporaiton
Jan 20, 2021
$5,513,750
Great Star Tools USA INC
Felchar Manufacturing Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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