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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    300 Plz Dr Vestal, NY 13850-3647

    • Office buildings
    • 8,240 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2023
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2120347
    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

    • Public Loan Co / Loan Service
    • Newman Development Group / Construction Company / General Contractor
    • Smith Brothers Insurance / Insurance Agency
    • Jayark Corporation / (Bike/Boat/Book/etc) Store / Corporate Office
    • Plc Enterprises Inc / Loan Service / Bank

    Property Details for 300 Plz Dr

    Year built
    1975
    Lot size
    1.83 lot acres
    Property size
    8,240 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    034800 159.15-2-9
    APU
    348001591529

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,103,000
      Market price range: $372k - $1.10M
      AI Estimate
      $592,000
      Market price range: $223k - $746k

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

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    County
    Broome
    State
    New York
    Longitude
    -75.9564
    Latitude
    42.0914
    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
    $524,500
    $675,500
    $1,200,000
    -
    $524,500
    $675,500
    $1,200,000

    Comparable in this City

    • Value Estimation
      $1,225,000
      41,213 SF

      413 Old Ml Rd

      OFFICE BUILDING • 41,213 SF
      413 Old Ml Rd, Vestal, NY 13850-3520
      View Details
    • Value Estimation
      $2,915,000
      28,166 SF

      4401 Vestal E Pkwy

      PROFESSIONAL BUILDING • 28,166 SF
      4401 Vestal E Pkwy, Vestal, NY 13850-3514
      View Details
    • Value Estimation
      $1,135,000
      10,047 SF

      2517 Vestal E Pkwy

      PROFESSIONAL BUILDING • 10,047 SF
      2517 Vestal E Pkwy, Vestal, NY 13850-2020
      View Details
    • Value Estimation
      $620,000
      5,112 SF

      1923 Vestal E Pkwy

      OFFICE BUILDING • 5,112 SF
      1923 Vestal E Pkwy, Vestal, NY 13850-1957
      View Details
    • Value Estimation
      $680,000
      6,030 SF

      3425 Vestal E Pkwy, Unit 3439

      PROFESSIONAL BUILDING • 6,030 SF
      3425 Vestal E Pkwy, Vestal, NY 13850-2147
      View Details
    • Value Estimation by Request
      4,512 SF

      220 Frnt St

      OFFICE BUILDING • 4,512 SF
      220 Frnt St, Vestal, NY 13850-1514
      View Details

    Similar Nearby for Sale

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      54,549 SF

      54,549 SF Originally Built as a School, Durable Cement-and-Brick Building For Sale

      54,549 SF Originally Built as a School, Durable Cement-and-Brick Building For Sale
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    • $3,525,000
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      Vestal Office Building For Sale

      54,549 SF office building with long-term lease.
      209 Tracy Creek Rd, Vestal, NY 13850
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    • Contact for pricing

      Vestal Office Space Available

      Office property for sale in Vestal, New York.
      2316 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • $1,099,000
      Pending

      Vestal Parkway Mixed-Use Opportunity

      Prime location near highways, ideal for office or retail.
      1040 Vestal Pkwy E, Vestal, NY 13850
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    • $975,000

      Vestal Office Building - Prime Location

      Spacious Office, Ample Parking, Vestal NY
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      5,781 SF

      Vestal, NY Dental Sale-Leaseback

      5,781 SF commercial property in Vestal, NY for sale.
      301 N Main St, Vestal, NY 13850
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Class A Office Space Available

      Prime 1,500 SF office suite in Vestal, NY for lease.
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      Renovated Medical Office Space Available

      Fully renovated medical office space with ample parking.
      116 N Jensen Rd, Vestal, NY 13850
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      Vestal Parkway Retail or Office

      Retail or office space with direct Vestal Parkway exposure.
      1909 Vestal Pkwy E, Vestal, NY 13850
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Professional office space for lease near Vestal Parkway East.
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    • 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
    • Contact for pricing
      2,200 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
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    Vestal, NY 13850-3647
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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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