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    2540 Vestal Pkwy E Vestal, NY 13850
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    Property profile & analytics

    2540 Vestal Pkwy E, Vestal, NY 13850

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    • Investment properties
    • 14,070 SF
    • 2.07 lot acres
    For Lease
    $1,820,000
    View Listing →
    Vestal Retail Space For Lease For Lease
    $1,820,000
    7,879 SF

    Vestal Retail Space For Lease

    Highly visible retail space near SUNY Binghamton with 25,000+ students.

    2540 Vestal Pkwy E, Vestal, NY
    View Listing
    Property ID
    US63-3508223
    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

    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • Starbucks / Cafe & Coffee Shop
    • Jersey Mike's Subs / Take-out & Catering
    • KLP Decor / Home Decor Store / Department Store

    Property Details for 2540 Vestal Pkwy E

    Year built
    2000
    Lot size
    2.07 lot acres
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    034800 158.14-1-13
    APU
    3480015814113

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Vestal Shoppes LLC — Deed Of Trust · related $2.4M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,265,000
      6.5%
      $2,090,000
      7%
      $1,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,297,000
      Market price range: $397k - $1.30M
      AI Estimate
      $2,074,000
      Market price range: $681k - $2.07M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,500,000
      AUTO REPAIR, GARAGE
      $1,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    County
    Broome
    State
    New York
    Longitude
    -76.0061
    Latitude
    42.0946
    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
    $717,500
    $1,532,500
    $2,250,000
    -
    $717,500
    $1,532,500
    $2,250,000

    Comparable in this City

    • Value Estimation by Request
      4,292 SF

      3736 Vestal E Pkwy

      STORE/OFFICE (MIXED USE)
      3736 Vestal E Pkwy, Vestal, NY 13850-2312
      View Details
    • Value Estimation by Request
      4,500 SF

      325 Vestal E Pkwy

      STORE/OFFICE (MIXED USE)
      325 Vestal E Pkwy, Vestal, NY 13850
      View Details
    • Value Estimation by Request
      3,000 SF

      313 Vestal E Pkwy

      STORE/OFFICE (MIXED USE)
      313 Vestal E Pkwy, Vestal, NY 13850-1631
      View Details
    • Value Estimation by Request
      3,360 SF

      217 Vestal E Pkwy

      STORE/OFFICE (MIXED USE)
      217 Vestal E Pkwy, Vestal, NY 13850-1612
      View Details
    • Value Estimation by Request
      5,000 SF

      3104 Ash Rd

      STORE/OFFICE (MIXED USE)
      3104 Ash Rd, Vestal, NY 13850-2050
      View Details
    • Value Estimation by Request
      1,160 SF

      2128 Owego Rd

      STORE/OFFICE (MIXED USE)
      2128 Owego Rd, Vestal, NY 13850-1124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,722 SF

      Mixed-Use Investment Opportunity in Vestal

      Mixed-use property with residential and commercial income in Vestal.
      171 Front St, Vestal, NY 13850
      View Details
    • Contact for pricing

      Vestal Office Space Available

      Office property for sale in Vestal, New York.
      2316 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing

      Prime Development Land on Parkway

      3.15 acre development land with high traffic exposure.
      1979 Vestal Pkwy W, Vestal, NY 13850
      View Details
    • Contact for pricing
      54,549 SF

      Vestal Office Building For Sale

      54,549 SF office building with long-term lease.
      209 Tracy Creek Rd, Vestal, NY 13850
      View Details
    • $49,900
      11.15 Acres

      Residential Land in Vestal, NY

      11.15 acre parcel for building a dream home.
      224 Foster Rd, Vestal, NY 13850
      View Details
    • $975,000

      Vestal Office Building - Prime Location

      Spacious Office, Ample Parking, Vestal NY
      499 Plaza Dr, Vestal, NY 13850
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,458 SF

      Retail Space Near SUNY Binghamton

      Highly visible retail space near major retailers and SUNY Binghamton.
      2409-2437 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing
      6,901 SF

      Retail Space Near SUNY Binghamton

      Retail spaces available near SUNY Binghamton with ample parking.
      3112-3132 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing

      High-Traffic Shopping Center Space

      Retail space in a busy shopping center near SUNY Binghamton.
      3112-3128 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing

      Vestal Front Street Commercial Space

      First-floor commercial space in Vestal, near Vestal Parkway.
      317 Front St, Vestal, NY 13850
      View Details
    • Contact for pricing
      22,000 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a busy, highly visible location.
      732 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • $30 SF/Yr

      Vestal Retail Space For Lease

      4,676 SF retail space available in Vestal, New York.
      4009 Vestal Pkwy E, Vestal, NY 13850
      View Details

    Property Visit Statistics

    • Visits by month
      8.3k
    • Visitors by month
      7.1k
    • Avg Time on site
      15 min
    View Listing
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    Vestal, NY 13850
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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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