Technical
Financial
Distress signals
Property profile

601 Gates Rd Vestal, NY 13850

OFF-MARKET
Data centers and call centers
Property ID
US63-2248288
52,579 SF 7.41 ac lot Built 1980
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 52,579-square-foot Class A office building, situated in a tranquil Vestal neighborhood, presents a remarkable leasing opportunity. Conveniently located near Old Vestal Road, Olums Plaza, and Town Square Mall, this property offers unparalleled accessibility. The building boasts a secure environment with ample parking and strong neighboring tenants. Currently, a 1,500-square-foot suite (Suite 7) is available for lease. This space includes convenient features such as running water and a secure reception area, along with six individual offices, ideal for a variety of business needs. The building itself is meticulously maintained and offers a professional atmosphere. The lease rate of $16 per square foot is inclusive of utilities and CAM charges, making this a truly exceptional value proposition. The property sits on a 7.41-acre lot and is zoned for commercial use within the Binghamton Retail submarket of Broome County, New York. This is a rare chance to secure high-quality office space in a desirable location at a competitive price. The multiple tenancy structure ensures a vibrant and collaborative environment. Don't miss this chance to establish your business in this thriving area.

Property profile

Verified
Property type Data centers and call centers
Use group RADIO OR TV STATION
Year built 1980
Total area 52,579 SF
Lot 7.41 ac (322,780 SF)
Zoning code C-1
APN 034800 158.08-1-4
UPID US63-2248288

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
  • Television Studio Media Distribution
  • Social Service Agency Charitable Organization
  • Employment Agency
  • Nursing Home Social Service Agency
  • Insurance Agency

Location

601 Gates Rd Vestal, NY 13850-2288
Vestal metro Census 14301 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C-1 · Vestal, NY
Zoning description

d. I 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.…

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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