Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    362 State St Binghamton, NY 13901-2309
    Back to Search
    Property profile & analytics

    362 State St, Binghamton, NY 13901-2309

    View on Map
    • Investment properties
    • 3,642 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Jul 2, 2024
    Property ID
    US63-1307692
    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

    • Triple Cities Makerspace, Inc. / Charitable Organization / Social Service Agency

    Property Details for 362 State St

    Year built
    1970
    Lot size
    0.31 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    030200 144.81-2-13
    APU
    3020014481213

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 2, 2024 $660,000 Upstate Urban 732059646 Reo LLC Alan Anzaroot Referee's Deed - Used To Transfer Property Pursuant To A Foreclosure Sale In New York Counties · related —
    Apr 15, 2015 — Triple Cities Makerspace INC Kensey Valerie Grant Deed —

    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
    -75.9087
    Latitude
    42.106
    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
    $35,650
    $19,250
    $54,900
    -
    $56,587
    $30,556
    $87,143

    Comparable in this City

    • Value Estimation by Request
      7,290 SF

      164 Henry St

      STORE/OFFICE (MIXED USE)
      164 Henry St, Binghamton, NY 13901
      View Details
    • Value Estimation by Request
      1,845 SF

      868 Chenango St

      STORE/OFFICE (MIXED USE)
      868 Chenango St, Binghamton, NY 13901-1729
      View Details
    • Value Estimation by Request
      390 SF

      48 Exchange St

      STORE/OFFICE (MIXED USE)
      48 Exchange St, Binghamton, NY 13901
      View Details
    • Value Estimation
      $595,000
      4,872 SF

      20 State St

      STORE/OFFICE (MIXED USE)
      20 State St, Binghamton, NY 13901-2311
      View Details
    • Value Estimation
      $585,000
      4,850 SF

      514 Chenango St

      STORE/OFFICE (MIXED USE)
      514 Chenango St, Binghamton, NY 13901-2144
      View Details
    • Value Estimation by Request
      3,600 SF

      297 Chenango St

      STORE/OFFICE (MIXED USE)
      297 Chenango St, Binghamton, NY 13901-2312
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Versatile Binghamton Mixed-Use Property

      39,520 SF property with retail, restaurant, and residential potential.
      41 Court St, Binghamton, NY 13901
      View Details
    • Contact for pricing
      28,800 SF

      Mixed-Use Building for Sale

      Four-story mixed-use building with student housing and commercial space.
      123 Court St, Binghamton, NY 13901
      View Details
    • Contact for pricing

      Mixed-Use Property Near Brandywine Highway

      Corner lot with commercial and residential units, value-add potential.
      28 Frederick St, Binghamton, NY 13901
      View Details
    • $150,000
      4,058 SF

      Mixed-Use Property with Rental Income

      Three-story mixed-use property with office space and residential rentals.
      136 Court St, Binghamton, NY 13901
      View Details
    • $250,000
      0.05 Acres

      Downtown Binghamton Redevelopment Opportunity

      Five-story downtown property in prime location, ripe for redevelopment.
      81 Court St, Binghamton, NY 13901
      View Details
    • $1,100,000

      Downtown Binghamton Mixed-Use Buildings

      Two mixed-use buildings in a high-traffic, walkable downtown location.
      29 Court St, Binghamton, NY 13901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,950 SF

      Historic Mixed-Use Building Available

      Renovated historic building suitable for mixed-use occupancy.
      31 Lewis St, Binghamton, NY 13901
      View Details
    • Contact for pricing
      1,384 SF

      Office Space in Binghamton, NY

      1384 square feet of office space available for lease.
      105 Court St, Binghamton, NY 13901
      View Details
    • Contact for pricing

      Industrial Space with Corporate Office

      104,177 SF industrial space with renovated corporate office.
      11 Beckwith Ave, Binghamton, NY 13901
      View Details
    • Contact for pricing
      104,177 SF

      Industrial Space Near I-81/I-86

      104,177 SF industrial space for lease with renovated office.
      11 Beckwith Ave, Binghamton, NY 13901
      View Details
    • $1,200 /Mo

      Corner Retail Space in Binghamton

      Newly renovated commercial space in Binghamton's Stadium District.
      33 Pine St, Binghamton, NY 13901
      View Details
    • $10 SF/Yr

      Downtown Binghamton Office Suite

      3,000 SF office suite in Downtown Binghamton.
      45 Chenango St, Binghamton, NY 13901
      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.
    362 State St
    Binghamton, NY 13901-2309
    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

    Thank You for Inquiry
    362 State St, Binghamton, NY, 13901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!