Mixed-Use Building with
For Sale
$399,900
107 Railroad Avenue, Middleburgh, NY 12122
Commercial Sale, Middleburgh, NY
Property Size2,516 SF
Lot Size0.04 Acres
Price / SF$158.94
Days on Market364
Property Features for 107 Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Exterior features
Lighting, Private Entrance
Appliances
Refrigerator, Free-Standing Electric Range
Lot features
Level
Elementary school district
Middleburgh
Middle school district
Middleburgh
High school district
Middleburgh
Directions
Route 145 to Main St to Well Ave, Left on Grove turns into Railroad #107 on right. Do not bother employees, all questions to agent.
Subdivision
Middleburgh
Standard status
Active
APN
43380110615
Size
2,516 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3286
Utilities
Sewer type
Public Sewer
Heating system
Steam, Oil
Cooling system
Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Flooring type
Carpet, Wood, Vinyl, Concrete
Building materials
Frame, Stone, Vinyl Siding, Wood Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty HV Nort
(845) 481-2700
Listed By:
Pearl Torres · License #30BO0794669
(845) 461-5132
Added: Aug 28, 2025
Changed: Aug 19
Last Checked: Aug 26 at 3:06PM
MLS# 20254002
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,516-square-foot mixed-use property contains three income-producing units: a 1,258-square-foot two-bedroom apartment and two storefronts. The apartment and pet-grooming space have long-term occupants who would like to remain. The sale also includes the Value Village Wine & Liquor business, along with its business name, inventory, POS system, signage, security cameras, and ductless air-conditioning equipment.
Built in 1920, the building has frame and stone construction with vinyl and wood siding, a metal roof, and a combination of carpet, wood, vinyl, and concrete flooring. Heating is provided by an oil-fired steam system. Public water and public sewer serve the property, which is zoned Commercial and located in Middleburgh, NY.
The offering combines an operating storefront business, a second retail tenancy, and residential occupancy within one compact commercial property. Private entrances, lighting, a refrigerator, and a free-standing electric range are also included.
Built in 1920, the building has frame and stone construction with vinyl and wood siding, a metal roof, and a combination of carpet, wood, vinyl, and concrete flooring. Heating is provided by an oil-fired steam system. Public water and public sewer serve the property, which is zoned Commercial and located in Middleburgh, NY.
The offering combines an operating storefront business, a second retail tenancy, and residential occupancy within one compact commercial property. Private entrances, lighting, a refrigerator, and a free-standing electric range are also included.
Key Highlights
- 2,516 sq ft mixed‑use building with three income‑producing units
- 1,258 sq ft two‑bedroom apartment with a long‑term occupant who would like to remain
- Two storefronts, including the Value Village Wine & Liquor business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,000
$608.0K
Cap Rate 7%
$434,286
$434.3K
Cap Rate 9%
$337,778
$337.8K
Market Conditions
NOI Build-Up for 2,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.8K $18.60/SF
− Vacancy
−$3.4K −$1.34/SF
EGI
$43.4K $17.26/SF
− OpEx
−$13.0K −$5.18/SF
NOI
$30.4K $12.08/SF
Area
Schoharie County, NY
Vacancy
7.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,000
Cap Rate 7%
$434,286
Cap Rate 9%
$337,778
Alternative Uses
Best Use
Retail
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 7.60%
Second Best
Mixed Use
$423.6K
$370.7K – $494.2K
NOI $29,654 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Sunoco
Shops & Services
5,861 visits/mo
0.1 miles
SUBWAY
Dining
3,118 visits/mo
0.1 miles
Demographics for 12122, NY
3,763
Population
2,395
Households
1.6
Avg Household Size
50
Median Age
20%
College-Educated
90%
High-School Grad
102.1 sq mi
ZIP Area
37
Density / Sq Mi
$54,308
Median Household Income
$39,102
Median Earnings
$1,019
Median Rent
$172,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit configuration combines a two-bedroom apartment with two retail spaces and established occupants.
Where is this mixed-use property located?
The property is located at 107 Railroad Avenue Middleburgh, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,516 sq ft mixed‑use building with three income‑producing units; 1,258 sq ft two‑bedroom apartment with a long‑term occupant who would like to remain; Two storefronts, including the Value Village Wine & Liquor business
