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    156 Main St Worcester, NY 12197

    Sponsored
    For Sale
    $127,000

    COMMERCIAL - Worcester, NY

    Property size:
    1,750 SF
    Lot size:
    0.12 Acres
    Days on Market:
    0
    Last Refresh:
    Mar 3 at 11:06 pm

    Property Features for 156 Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    481
    Rooms
    Basement
    APN
    199.18-3-7.02
    Size
    1,750 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Linoleum, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri

    Keller Williams Upstate New York Properties (607) 431-2540

    Listing agent Stacey L. Camilleri (607) 431-2540 License #40CH1109154

    Listing date Mar 4, 2026

    MLS# R1664348

    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.

    Learn more

    Property Insight Report

    Overview

    Worcester Mixed-Use Building For Sale

    This mixed-use building is located on Main Street in Worcester, NY, within the Worcester business district. The property features a street-level commercial space with large display windows and an open showroom, flowing into additional work and storage rooms at the rear. A half bathroom is located on the main level. The second-floor apartment, accessible via a separate exterior entrance, includes a living room, eat-in kitchen, two bedrooms, and one full bathroom. The apartment features a functional layout with natural light and hardwood flooring in some areas. A multi-level rear deck provides access to the basement, storefront, and second-floor apartment. The backyard is narrow but deep and borders Worcester Heritage Park. The full basement is partially finished with two potential livable areas and an additional half bath, but requires significant renovation. Basement access is available through the storefront interior and from the rear deck. The property is approximately 20 minutes from Oneonta and 25 minutes from Cooperstown. The building offers flexibility for a business owner to operate downstairs while living upstairs, or for an investor to rent one or both spaces. The property is being sold as-is and requires renovation and updating, presenting an opportunity to restore and add value in a visible in-town location with easy access to I88. The lot size is 0.12 acres and the property size is 1750 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Street Traders (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Otsego
    State
    New York
    Longitude
    -74.749255
    Latitude
    42.591639

    Nearby Similar for Sale

    • $500,000
      8,000 SF

      8,000 SF Retail Building For Sale

      Retail building for sale with many allowed uses.
      270 Main St, Worcester, NY 12197
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential spaces in Worcester, NY.
    Where is this mixed-use property located?
    The property is located at 156 Main St Worcester, NY.
    What is the asking price?
    The asking price for this property is $127,000.
    What are key features of this property?
    This property features: - Mixed-use building featuring retail space and a second-floor apartment.; - Located in the Worcester business district on Main Street.; - Separate entrances for the retail space and apartment.
    (607) 376-2279
    Request Owner's contact information
    156 Main St Worcester, NY 12197
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    Worcester, NY 12197
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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
    156 Main St Worcester, NY 12197
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    We can help!
    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri
    Real Estate License ID: 40CH1109154
    (607) 376-2279 (607) 431-2540 (607) 638-9568
    Learn more
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