Technical
Financial
Distress signals
Property profile

400 Plz Dr Vestal, NY 13850

OFF-MARKET
Office buildings
Property ID
US63-1934651
21,086 SF 2.76 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office property, located at 400 Plaza Drive in Vestal, New York, 13850, offers a unique leasing opportunity. The building totals 30,652 square feet and features multiple tenancies within a traditional office setting. Two spaces are currently available, with a minimum leasable area of 2,500 square feet and a maximum contiguous space of 6,000 square feet. The property sits on a 2.76-acre lot, providing ample parking for tenants and visitors. Its strategic location offers excellent visibility and accessibility, situated near Vestal Parkway East, Binghamton University, and University Plaza, ensuring convenient access to a diverse workforce and a vibrant community. This is an ideal location for businesses seeking a professional and well-situated office environment in Vestal, New York. The property's traditional office design provides a classic and functional workspace, perfect for a variety of businesses. Interested parties should inquire about the available spaces and lease terms. The property's convenient location and ample parking make it a highly desirable option for businesses of all sizes.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1985
Total area 21,086 SF
Lot 2.76 ac (120,226 SF)
Zoning code C-2
APN 034800 159.15-2-11
UPID US63-1934651

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Eye Care Center Optometrist
  • Physician
  • Physician
  • Financial Advisor
  • Psychotherapist

Location

400 Plz Dr Vestal, NY 13850-3649
Vestal metro Census 14302 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$2.14M

Owner & transaction history

Zoning & alternative use

C-2 · Vestal, NY
Zoning description

Allowable as an accessory use. P Allowable as a use permitted by right. T Allowable upon obtaining a special permit from the town board. Z Allowable upon obtaining a special permit from the zoning board of appeals. C-1 C…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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