Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2489 State Hwy 28 Oneonta, NY 13820-3127

    • Investment properties
    • 1,800 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    6.4%
    Investment properties
    Location Intelligence
    Property ID
    US63-2216664
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 2489 State Hwy 28

    Year built
    1840
    Lot size
    1.12 lot acres
    Property size
    1,800 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    364089 259.00-1-27.00
    APU
    3640892590012700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $240,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $218,000
      Market price range: $70.3k - $219k
      AI Estimate
      $259,000
      Market price range: $78.2k - $259k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -74.9919
    Latitude
    42.5186
    CBSA code
    36580
    CBSA name
    ONEONTA, NY MICROPOLITAN 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
    $20,300
    $139,300
    $159,600
    -
    $24,606
    $168,849
    $193,455

    Comparable in this City

    • Value Estimation
      $230,000
      1,747 SF

      28 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,747 SF
      28 Ww St, Oneonta, NY 13820-2751
      View Details
    • Value Estimation
      $230,000
      5,103 SF

      273-275 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,103 SF
      273-275 Main St, Oneonta, NY 13820
      View Details
    • Value Estimation
      $340,000
      5,380 SF

      281-283 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,380 SF
      281-283 Main St, Oneonta, NY 13820
      View Details
    • Value Estimation
      $270,000
      2,232 SF

      521 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,232 SF
      521 Main St, Oneonta, NY 13820-2031
      View Details
    • Value Estimation
      $275,000
      7,272 SF

      181-183 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,272 SF
      181-183 Main St, Oneonta, NY 13820
      View Details
    • Value Estimation
      $250,000
      1,958 SF

      9 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,958 SF
      9 1st St, Oneonta, NY 13820-2488
      View Details

    Similar Nearby for Sale

    • $1,330,000

      Mixed-Use Building in Downtown Oneonta

      Mixed-use property with commercial space and residential units in Oneonta.
      211 Main St, Oneonta, NY 13820
      View Details
    • $115,000
      Pending

      Lucrative Multifamily Investment Opportunity

      Multifamily property in Oneonta near bus routes and downtown.
      199-201 Chestnut St, Oneonta, NY 13820
      View Details
    • $779,000
      7,050 SF

      Downtown Oneonta Mixed-Use Building

      Prime location, high cash flow, 5 units
      215-217 Main St, Oneonta, NY 13820
      View Details
    • $1,200,000
      5,448 SF

      Turnkey Medical Facility Investment Opportunity

      Fully leased medical facility in Oneonta's West End with renewal option.
      6 Country Club Rd, Oneonta, NY 13820
      View Details
    • $399,500
      2,837 SF

      Main Street Mixed-Use Property

      Prime Oneonta Investment Opportunity
      432 Main St, Oneonta, NY 13820
      View Details
    • $289,900
      Pending

      Mixed-Use Property in Oneonta, NY

      Mixed-use property with flexible zoning and income potential in Oneonta.
      432-434 Main St, Oneonta, NY 13820
      View Details

    Similar Nearby for Lease

    • $650 /Mo

      Affordable Retail Space with Parking

      505 sqft retail space with parking near Main Street.
      20 River St, 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
    • $250 SF/Yr
      100 SF

      Professional Office Space in Oneonta

      Well-maintained office space with utilities included, near Main Street.
      75 Chestnut St, Oneonta, NY 13820
      View Details
    • New
      $2,500 /Mo
      2,200 SF

      Versatile Commercial Space Near All Star Village

      Destination location suitable for restaurant, cafe, brewery, or landscaping.
      248 River St, Oneonta, NY 13820
      View Details
    • $16 SF/Yr
      4,400 SF

      Retail Space Near SUNY Oneonta

      Highly visible retail space near SUNY Oneonta and Hartwick College.
      94 Chestnut St, 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
    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.
    2489 State Hwy 28
    Oneonta, NY 13820-3127
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.