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Property profile & analytics
OFF-MARKET
Estimated value
$76,440,000
Truck terminals
265 Industrial Park Dr Binghamton, NY 13904-3225
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1376261
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
2022
Total area
447,440 SF
Lot
50.5 ac (2,199,780 SF)
APN
033400 162.01-1-11
UPID
US63-1376261
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
Current use
Occupant on record · Public records
-
FedEx Ground Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$76.44M
Owner & transaction history
Binghamton Ny Title Holder LLC · 2 yrs held
Binghamton Ny Title Holder LLC
since 2023
Last sale
$77.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$74,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$76.44M
Range $68.80M – $84.08M · ±10% · vs last sale $77.60M (Nov 1 2023)
Last sale anchor
$77.60M
Nov 1 2023
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
$171 / 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
$35,184,800
Assessed 2023
Previous assessed
$19,500,000
+80.4% YoY
Assessed land
$4,620,000
Assessed improvement
$30,564,800
Land market value
$7,573,770
Improvement market value
$50,106,230
Total market value
$57,680,000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
447,440 SF
Lot
50.5 ac (2,199,780 SF)
APN
033400 162.01-1-11
UPID
US63-1376261
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
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
50.5 ac
Current owner
From public records · entity-resolved
Binghamton Ny Title Holder LLC
Entity
Mailing address
2030 MAIN ST STE #342, DALLAS, TX 75201-4430
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$77,600,000
Binghamton Ny Title Holder LLC
42 Binghamton LP
Special Warranty Deed
$48,450,000 · Natixis
Jun 22, 2021
$16,031,865
Spirit Reality LP
147 Industrial Drive LLC
Bargain And Sale Deed
—
May 12, 2021
$5,600,000
42 Binghamton LP
265 Industrial Park Drive LLC
Grant Deed
$62,699,448 · Frost Bk
Dec 31, 2019
—
147 Industrial Drive LLC
Track Drive LLC
Grant Deed
related
—
Sep 1, 2017
$3,700,000
265 Industrial Park Drive LLC
Broome County Indl Dev Agcy
Grant Deed
$3,275,776 · Broome County Ind'l Dev Agcy
—
—
42 Binghamton LP
—
Deed Of Trust
related
$62,699,448 · Frost Bk
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.
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