Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    493 Chestnut St Oneonta, NY 13820-3562

    • Office buildings
    • 3,600 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3079792
    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

    • Harlem & Jervis Law Firm / Law Firm
    • Janet M Branigan - Morgan Stanley / Financial Advisor
    • Morgan Stanley Financial Advisors / Financial Advisor

    Property Details for 493 Chestnut St

    Year built
    1990
    Lot size
    2.80 lot acres
    Property size
    3,600 SF
    Property type
    Office buildings
    APN
    364600 299.06-2-1.00
    APU
    364600299062100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.1014
    Latitude
    42.4566
    CBSA code
    36580
    CBSA name
    ONEONTA, NY MICROPOLITAN 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
    $179,000
    $471,000
    $650,000
    -
    $229,487
    $603,846
    $833,333

    Comparable in this City

    • Value Estimation by Request
      3,024 SF

      13-15 Main St

      PROFESSIONAL BUILDING • 3,024 SF
      13-15 Main St, Oneonta, NY 13820
      View Details
    • Value Estimation by Request
      6,528 SF

      3966 State Hwy 23

      OFFICE BUILDING • 6,528 SF
      3966 State Hwy 23, Oneonta, NY 13820
      View Details
    • Value Estimation by Request
      6,840 SF

      30 Associate Dr

      PROFESSIONAL BUILDING • 6,840 SF
      30 Associate Dr, Oneonta, NY 13820
      View Details
    • Value Estimation by Request
      2,723 SF

      454 Main St

      OFFICE BUILDING • 2,723 SF
      454 Main St, Oneonta, NY 13820-2176
      View Details
    • Value Estimation by Request
      5,150 SF

      41 Main St, Unit 49

      OFFICE BUILDING • 5,150 SF
      41 Main St, Oneonta, NY 13820-2516
      View Details
    • Value Estimation by Request
      2,670 SF

      80 Chestnut St

      OFFICE BUILDING • 2,670 SF
      80 Chestnut St, Oneonta, NY 13820-2409
      View Details

    Similar Nearby for Sale

    • $900,000
      7,560 SF

      Prime Oneonta Office Complex

      Meticulously maintained Victorian office buildings with modern amenities and parking.
      341-343 Main St, Oneonta, NY 13820
      View Details
    • $900,000
      7,560 SF

      Prime Oneonta Office Complex

      Meticulously maintained office complex with flexible configuration and modern amenities.
      341-343 Main St, Oneonta, NY 13820
      View Details
    • New
      $249,000
      3,024 SF

      Commercial Building Near Downtown Oneonta

      Well-maintained commercial building with flexible rental potential near downtown.
      13-15 S Main St, Oneonta, NY 13820
      View Details
    • $249,000
      3,024 SF

      Oneonta Commercial Building For Sale

      Well-maintained commercial building near downtown Oneonta with flexible rental potential.
      13-15 South Main St, Oneonta, NY 13820
      View Details
    • $385,000
      9,176 SF

      Downtown Oneonta Office Building

      Historic Charm, Modern Amenities
      34 Chestnut St, Oneonta, NY 13820
      View Details
    • $550,000
      1,080 SF

      Executive Office Building, Oneonta, NY

      Prime Oneonta Office Space - High Traffic Location
      5009 State Highway 23, Oneonta, NY 13820
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Oneonta Commercial Space For Lease

      4000 sq. ft. retail/office space in high-traffic location.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • $4,000 /Mo
      4,000 SF

      Oneonta Retail/Office Space Available

      4000 sq ft space in high-traffic plaza, suitable for various businesses.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • $250 SF/Yr
      100 SF

      Professional Office Space in Oneonta

      Well-maintained office space with utilities included, near Main Street.
      75 Chestnut St, Oneonta, NY 13820
      View Details
    • $1,800 /Mo
      1,500 SF

      Oneonta Commercial Space For Lease

      1500 sq ft commercial space in high-traffic West Gate Plaza.
      101 Winney Hill Rd, Oneonta, NY 13820
      View Details
    • $3,500 /Mo
      2,500 SF

      Office & Flex Space Available

      Up to 2,500 SF of office and flex space for rent.
      118 Commerce Rd, Oneonta, NY 13820
      View Details
    • $550 /Mo

      Oneonta Business Center Office Space

      Office space with utilities included in Oneonta, NY.
      393 Main St, Oneonta, NY 13820
      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.
    493 Chestnut St
    Oneonta, NY 13820-3562
    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

    Google sign-in failed. Please try again or use another login method.