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    1009 E Main Street Cobleskill, NY 12043

    View on Map
    Pending
    $499,900

    COMMERCIAL - Cobleskill, NY

    Property size:
    9,000 SF
    Lot size:
    2.43 Acres
    Added:
    Jan 31, 2023
    Days on Market:
    1156
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 1009 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Mixed
    Bathrooms
    14
    Rooms
    Bathroom 14, Bathroom 3, Bathroom 9, Bathroom 12, Bathroom 4, Bathroom 13, Bathroom 6, Bathroom 7, Bathroom 10, Bathroom 11, Bathroom 8, Bathroom 2, Bathroom 1, Bathroom 5
    Parking
    50
    Interior features
    High Speed Internet
    Basement
    Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    56.2-1-2
    Size
    9,000 SF
    Lot size
    2.43 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    21222

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Baseboard, Natural Gas, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1991
    Floors in Building
    1
    Flooring type
    Tile, Carpet, Linoleum
    Building materials
    Frame, Drywall, Stucco, Vinyl Siding, Wood Siding
    Roof type
    Shingle, Rubber
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Matthew Loder
    Matthew Loder

    Listing agent Matthew Loder License #10311204132

    Listing office Country Boy Realty 753 E Main St, Cobleskill, NY

    Listing date Jan 31, 2023

    MLS# 202311363

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cobleskill Commercial Opportunity on Route 7

    This commercial property in Cobleskill, NY, presents an excellent business opportunity. It features a 3,200 square-foot turnkey restaurant/diner with seating for 129 plus patrons. The restaurant is equipped with a full line of kitchen equipment, a walk-in refrigerator, two walk-in freezers, and a full basement for storage. Additionally, there is an eleven-room motel, most recently used for short-term rentals. The property also includes a detached single-family home with 2 bedrooms and 1 bathroom. Situated on 2.43 acres, the property benefits from 320 feet of road frontage on Route 7, offering high car count and long sight distance for great visibility. Ample parking is available. The location is between a Walmart Supercenter, Dunkin, Mobile Gas Service, and Super 8.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cobleskill — 121 burgin dr, cobleskill, ny 12043
    • Super 8 by Wyndham Cobleskill NY — 955 E Main St, Cobleskill, NY 12043

    Location Insight

    • Map
    • Local Demand
    City
    Cobleskill
    County
    Schoharie
    State
    New York
    Longitude
    -74.463454
    Latitude
    42.68035

    Nearby Similar for Sale

    • $529,000
      12,000 SF

      Turnkey Restaurant with Apartment House

      Renovated restaurant and apartment house near Howe Caves.
      2930 State Route 7, Cobleskill, NY 12043
      View Details
    • $195,000
      1,943 SF

      Turnkey Medical Office Space

      Medical office with exam rooms, potential for residential conversion.
      109 Legion Dr, Cobleskill, NY
      View Details

    FAQs

    What type of property is this?
    Motel - Restaurant, motel, and residence on 2.43 acres with high visibility.
    Where is this motel located?
    The property is located at 1009 E Main Street Cobleskill, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Turnkey restaurant/diner (3200 sqft) with seating for 129+, full kitchen equipment, and walk‑in refrigeration/freezer units.; Route 7 location with high car count and excellent visibility.; Eleven‑room motel included, previously used for short‑term rentals.
    (518) 378-1235
    We can help!
    Listing Contact
    Matthew Loder
    Matthew Loder
    Real Estate License ID: 10311204132
    Learn More
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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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