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    1375 Dimmick Mountain Road Denver, NY 12455

    View on Map
    New
    For Sale
    $249,000

    MULTI_FAMILY - Denver, NY

    Property size:
    1,200 SF
    Lot size:
    5.29 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 4 at 9:06 pm

    Property Features for 1375 Dimmick Mountain Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Security features
    Security
    Exterior features
    PropaneTankLeased
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    243-1-54.5
    Size
    1,200 SF
    Lot size
    5.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4200

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Well
    Water front features
    River Access, Stream

    Building Details

    Year built
    1998
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Varies, Tile
    Building materials
    Frame
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Pamela Jean Orr
    Pamela Jean Orr

    Listing agent Pamela Jean Orr License #30OR0766776

    Listing office Keller Williams Upstate NY Properties 42415 State Highway 28, Oneonta, NY

    Listing date Apr 4, 2026

    MLS# R1671156

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Post Office

    This mixed-use building is situated on 4 acres and includes a post office rental. The current rental agreement expires on July 1, 2028, and includes two 5-year options, each with a 10% escalation clause. The 1200 square foot building features a separate entrance with stairs leading to a second floor, which offers an additional 600 square feet of unfinished space. This space can be finished for personal use or as an additional rental unit. A new roof was installed on the building in 2024. The property also includes a 4000 square foot paved parking area for the post office tenant. The Bataviakill stream runs through the property, and the mowed meadow is fairly flat with a gently sloping area to the back. There is potential to park an RV, tiny home, or build another structure, subject to Middletown Code review. The property offers panoramic views and convenient access to Margaretville or Roxbury. Recreational opportunities include hiking, trout fishing in the stream, and proximity to skiing and paddling in the nearby Pepacton Reservoir. This property presents an option to generate income while occupying the upstairs space or as an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United States Postal ... Money Order Service

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Delaware
    State
    New York
    Longitude
    -74.569138
    Latitude
    42.212094

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building on 4 acres with post office rental.
    Where is this mixed-use property located?
    The property is located at 1375 Dimmick Mountain Road Denver, NY.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Income‑generating property with existing Post Office rental agreement through 2028, plus two 5‑year renewal options with 10% escalation clauses.; 4‑acre property featuring a 1200 sq ft mixed‑use building with an additional 600 sq ft of unfinished space for customization.; New roof installed in 2024.
    (845) 853-3255
    We can help!
    Listing Contact
    Pamela Jean Orr
    Pamela Jean Orr
    Real Estate License ID: 30OR0766776
    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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