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

    9 Glenwood Ave Binghamton, NY 13905-3386

    • Investment properties
    • 9,372 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3917157
    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

    • The Bagel Factory / Bagel Shop / Breakfast Restaurant
    • Euro Food Market and Bakery / Convenience Store / Frozen Food Store
    • European Market / Grocery Store / Bakery
    • Duds 'N Suds Laundry / Wi-Fi Spot / Laundromat

    Property Details for 9 Glenwood Ave

    Year built
    2005
    Lot size
    0.77 lot acres
    Property size
    9,372 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    030200 143.84-2-10
    APU
    3020014384210

    Description

    This exceptional Binghamton retail plaza presents a lucrative investment opportunity. Located on Glenwood Avenue, boasting 206 feet of road frontage and a daily traffic count of 7,525 vehicles, this property enjoys a prime location directly across from the new Foundry Plaza Shopping Center. The plaza is currently 100% occupied by long-term tenants, ensuring a stable income stream. Property taxes are included in the rent, while tenants are responsible for all utilities (gas, electric, water, and sewer). A significant advantage is the ample parking, with over 40 spaces in a newly paved lot. The property includes a unique feature: a 600-square-foot, one-bedroom apartment on the second floor, currently integrated into the Euro Foods lease, equipped with on-demand hot water and mini-split HVAC. Further expansion potential exists with the possibility of acquiring an adjacent vacant lot at 15 Glenwood Avenue. Additionally, significant unfinished attic space (18 feet wide, 180 feet long, 8-foot ceilings) offers considerable room for future development. A comprehensive financial offer memorandum is available upon request, providing detailed financial information to support this compelling investment. This is a rare chance to acquire a high-performing commercial property in a thriving retail market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $814,000
      Market price range: $263k - $985k
      AI Estimate
      $922,000
      Market price range: $359k - $922k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $530,000
      Current use
      OFFICE BUILDING
      $1,000,000
      Change: +88% Conversion: Easy
      AUTO REPAIR, GARAGE
      $765,000
      Change: +44% Conversion: Difficult
      RESTAURANT
      $710,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9379
    Latitude
    42.1084
    CBSA code
    13780
    CBSA name
    BINGHAMTON, NY METROPOLITAN 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
    $57,700
    $312,300
    $370,000
    -
    $91,587
    $495,715
    $587,302

    Comparable in this City

    • Value Estimation by Request
      2,838 SF

      28 Emma St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,838 SF
      28 Emma St, Binghamton, NY 13905-2543
      View Details
    • Value Estimation by Request
      1,408 SF

      Clinton St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,408 SF
      Clinton St, Binghamton, NY 13905
      View Details
    • Value Estimation by Request
      3,000 SF

      304 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      304 Clinton St, Binghamton, NY 13905-2086
      View Details
    • Value Estimation by Request
      3,208 SF

      234 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,208 SF
      234 Clinton St, Binghamton, NY 13905-2167
      View Details
    • Value Estimation by Request
      13,576 SF

      171 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,576 SF
      171 Clinton St, Binghamton, NY 13905-2290
      View Details
    • Value Estimation by Request
      4,032 SF

      368 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,032 SF
      368 Clinton St, Binghamton, NY 13905-2021
      View Details

    Similar Nearby for Sale

    • $124,000
      2,146 SF

      First Ward Investment Opportunity

      Multifamily property in the first ward, great investment opportunity.
      21 Mygatt St, Binghamton, NY 13905
      View Details
    • $3,499,000
      335 SF

      30 Crandall St, Binghamton, NY 13905

      Industrial properties • 335 SF
      30 Crandall St, Binghamton, NY 13905
      View Details
    • $2,600,000
      16,500 SF

      Freestanding Harbor Freight Investment Opportunity

      Single-tenant Harbor Freight in Binghamton, NY with long-term lease.
      1272 Upper Front St, Binghamton, NY 13905
      View Details
    • $999,000
      7,195 SF

      Renovated Multifamily Building in Binghamton

      Fully renovated 12-unit apartment building in Binghamton's First Ward.
      19 Mygatt St, Binghamton, NY 13905
      View Details
    • $475,000
      3,775 SF

      Renovated Multifamily Property in Binghamton

      Stabilized 6-unit building in Binghamton's West Side, ideal for investors.
      325 Main St, Binghamton, NY 13905
      View Details
    • $625,000
      4,914 SF

      Renovated Multifamily Investment Opportunity

      Fully renovated multifamily property with strong rental income potential.
      126 Murray St, Binghamton, NY 13905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,915 SF

      Former QSR with Drive-Thru

      2,915 sqft former QSR on 0.33 acres with drive-thru.
      237 Main St, Binghamton, NY 13905
      View Details
    • Contact for pricing
      2,484 SF

      Empire Plaza Retail Storefront

      Binghamton, NY: Prime Retail Space Available
      1257 Front St, Binghamton, NY 13905
      View Details
    • $1,000 /Mo

      Remodeled Apartment Near SUNY Broome

      Remodeled 2-bedroom apartment with on-site laundry and parking.
      28 Prescott Rd, Binghamton, NY 13905
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Binghamton

      Retail space available for rent in Binghamton, New York.
      10 Glenwood Ave, Binghamton, NY 13905
      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.
    9 Glenwood Ave
    Binghamton, NY 13905-3386
    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.