Technical
Financial
Distress signals
Property profile

5009 State Highway 23 Oneonta, NY 13820

FOR SALE
Investment properties
Property ID
US63-3019477
1,080 SF 0.49 ac lot Built 1990
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,080 square foot executive office building, located at 5009 State Highway 23 in Oneonta, New York, presents a unique investment opportunity. Built in 1990, this Class C property sits on a 0.49-acre lot, offering significant potential for development. The asking price is $550,000, translating to $509.26 per square foot. Its strategic location on the highly trafficked State Highway 23 (Route 23), boasting over 13,000 vehicles per day, ensures exceptional visibility and accessibility. Situated in the heart of Oneonta's retail corridor on the desirable south side, this property is conveniently located near a regional mall, making it an ideal location for a variety of businesses. The property's size and location make it particularly well-suited for businesses seeking high visibility and convenient access to a large customer base. The 0.5-acre lot provides ample space for expansion or future development. This is one of the last undeveloped parcels on this prime commercial thoroughfare, representing a rare opportunity to establish a presence in a thriving retail area. The property's zoning and potential uses should be independently verified.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1990
Total area 1,080 SF
Lot 0.49 ac (21,344 SF)
APN 364600 300.11-1-8.00
UPID US63-3019477

Cap rate & NOI

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

Location

5009 State Highway 23 Oneonta, NY 13820
Oneonta metro Census 590800 ONEONTA, NY MICROPOLITAN 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
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
2 recorded transactions
2025
$480,000
2021
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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