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    325 Clinton St Binghamton, NY 13905
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    325 Clinton St, Binghamton, NY 13905

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    • Investment properties
    • 6,960 SF
    • 0.79 lot acres
    For Sale
    $395,000
    View Listing →
    Dollar General Binghamton Investment Property For Sale
    $395,000

    Dollar General Binghamton Investment Property

    Freestanding Dollar General in Binghamton, NY with long-term tenant.

    325 Clinton St, Binghamton, NY 13905
    View Listing
    Property ID
    US63-5279758
    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

    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store

    Property Details for 325 Clinton St

    Year built
    1970
    Lot size
    0.79 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    030200 143.76-1-25.1
    APU
    30200143761251

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 25, 2024 $308,000 Dollar Store Investor LLC Tcb LLC Deed $175k · Tioga State Bank NA

    Description

    This exceptional investment opportunity presents a freestanding Dollar General store located at 325 Clinton St, Binghamton, NY 13905. The 6,960 square foot building sits on a 0.79-acre lot and boasts a strong 11.15% cap rate, generating a net operating income (NOI) of $44,064. Built in 1970, this property benefits from a corporate-guaranteed, triple-net (NNN) lease with Dollar General, an essential retailer with an investment-grade credit rating ("BBB" with S&P) and a positive/stable outlook. The current lease, with a remaining term of three years, includes a three-year option period, demonstrating the tenant's long-term commitment to this location. The tenant has operated at this site for 21 years, extending their lease two years early in 2022. This property is strategically positioned in a densely populated area, with over 15,000 residents within a one-mile radius and over 72,000 within a three-mile radius, further enhanced by the proximity to Binghamton University (a 10-minute commute from approximately 18,000 students) and a daytime employee population exceeding 72,000 within a three-mile radius. The asking price is $395,000, translating to a price per square foot of $56.75. This is a resilient, recession-resistant investment, anchored by a Fortune 500 company.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9373
    Latitude
    42.11
    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
    $69,800
    $212,700
    $282,500
    -
    $110,794
    $337,619
    $448,413

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

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      2,780 SF

      125 Main St

      STORE/OFFICE (MIXED USE)
      125 Main St, Binghamton, NY 13905-2742
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      1,250 SF

      85 Clinton St

      STORE/OFFICE (MIXED USE)
      85 Clinton St, Binghamton, NY 13905-2211
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      5 Brown St

      STORE/OFFICE (MIXED USE)
      5 Brown St, Binghamton, NY 13905-2516
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      46 Seminary Ave

      STORE/OFFICE (MIXED USE)
      46 Seminary Ave, Binghamton, NY 13905-3626
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    • Value Estimation by Request
      3,462 SF

      196 Clinton St

      STORE/OFFICE (MIXED USE)
      196 Clinton St, Binghamton, NY 13905-2228
      View Details

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    325 Clinton St
    Binghamton, NY 13905
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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.

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