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    Property profile & analytics

    71 Endicott Ave Johnson City, NY 13790

    • Commercial real estate
    • 7,452 SF
    For Sale
    View listing
    $249,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3760876
    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

    • Commercial real estate

    Property Details for 71 Endicott Ave

    Year built
    1970
    Property size
    7,452 SF
    Property type
    Commercial real estate

    Description

    This 13-unit apartment building at 71 Endicott Avenue in Johnson City, New York presents a compelling investment opportunity. The property boasts 7,452 square feet on a 5,455 square foot lot and was constructed in 1970. Currently zoned UMF, this multifamily property offers significant rental income potential. The building's established history provides a solid foundation for a strong return on investment. Prospective buyers should be aware that a variance is required for parking, and an easement will be necessary to access the rear of the property where parking would be situated. Located in Broome County, New York, with a 13790 zip code, this property is situated at 42.1117782 latitude and -75.9522243 longitude. The asking price for this prime Johnson City investment is $399,900. This established property offers a unique chance to capitalize on the multifamily market in a desirable location. While requiring some attention to parking access, the substantial size and established rental history make this a noteworthy opportunity for discerning investors.

    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
    Johnson City
    County
    Broome
    State
    New York
    Longitude
    -75.9522243
    Latitude
    42.1117782

    Comparable in this City

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      Main Street Mixed-Use Opportunity

      Mixed-use property near UHS Wilson Medical Center.
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    • $249,900
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      Multifamily Investment in Johnson City

      7,452 SF multifamily property with 13 units in Johnson City.
      71 Endicott Ave, Johnson City, NY 13790
      View Details
    • $1,345,000
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      Mixed-Use Building Near University

      Mixed-use property with redevelopment potential near Binghamton University.
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      Five-Unit Apartment Complex For Sale

      Five-unit apartment complex near Pharmaceutical School and UHS Complex.
      149-153 Hudson St, Johnson City, NY 13790
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    • $199,900
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      Johnson City Multifamily Investment Opportunity

      Four-unit property with value-add potential in Johnson City.
      199 Endwell St, Johnson City, NY 13790
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    • $2,100,000
      15,613 SF

      Grand Ave Portfolio

      Grand Ave Portfolio
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    Similar Nearby for Sale

    • $500,000
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      Main Street Mixed-Use Opportunity

      Mixed-use property near UHS Wilson Medical Center.
      290 Main St, Johnson City, NY 13790
      View Details
    • $1,345,000
      21,348 SF

      Mixed-Use Building Near University

      Mixed-use property with redevelopment potential near Binghamton University.
      257 Main St, Johnson City, NY 13790
      View Details
    • $219,000
      2,352 SF

      Five-Unit Apartment Complex For Sale

      Five-unit apartment complex near Pharmaceutical School and UHS Complex.
      149-153 Hudson St, Johnson City, NY 13790
      View Details
    • $249,900
      7,452 SF

      Multifamily Investment in Johnson City

      7,452 SF multifamily property with 13 units in Johnson City.
      71 Endicott Ave, Johnson City, NY 13790
      View Details
    • $2,100,000
      15,613 SF

      Grand Ave Portfolio

      Grand Ave Portfolio
      204 Grand Ave, Johnson City, NY 13790
      View Details
    • $199,900
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      Johnson City Investment Property

      Three-unit property near UHS Wilson Hospital with income potential.
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    Similar Nearby for Lease

    • $1,300 /Mo

      Spacious Apartment in Johnson City

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    • Contact for pricing
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      Retail space available on a signalized intersection with high traffic.
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      Retail Space Ready for Lease

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      30,000 SF

      Super Regional Mixed-Use Center

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    71 Endicott Ave
    Johnson City, NY 13790
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    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
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