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    37865 State Highway 10 Hamden, NY 13782

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    Claim this Listing
    For Sale
    Under Contract
    $105,000

    LAND - Other - Hamden, NY

    Property size:
    2,079 SF
    Lot size:
    1.25 Acres
    Price / SF:
    $50/SF
    Added:
    Aug 21, 2025
    Days on Market:
    249
    Last Refresh:
    Apr 26 at 2:06 am

    Property Features for 37865 State Highway 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Open, Garage
    Vegetation
    Wooded
    Interior features
    EatInKitchen, SolidSurfaceCounters, Workshop
    Exterior features
    DirtDriveway
    Fireplace
    1
    Appliances
    ElectricOven, ElectricRange, ElectricWaterHeater
    Standard status
    Active Under Contract
    APN
    123400-234-000-0001-003-000
    Size
    2,079 SF
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1940

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Oil, Forced Air
    Water source
    Well

    Building Details

    Year built
    1910
    Floors in Building
    1
    Flooring type
    Laminate, Vinyl, Varies
    Building materials
    Frame
    Roof type
    Shingle, Asphalt
    Architectural style
    Other
    Additional Structures
    Workshop, Garage(s)

    We can help!

    Listing Contact
    Robert Kennedy
    Robert Kennedy

    Listing agent Robert Kennedy License #10401358878

    Listing office Coldwell Banker Timberland Properties 109 Main Street, Margaretville, NY

    Listing date Aug 21, 2025

    MLS# R1632405 Listing URL

    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

    Versatile Live/Work Space in Hamden

    Located on Route 10 in The Catskills, this 1.25-acre property offers potential as a flexible live/work space. The property includes a 2,000+ square foot structure with a concrete foundation, featuring two oversized garage doors, fuel-oil heat (two units), 200-amp electric service, and wiring for welding. The layout is suited for a mechanic, welder, UTV/ATV dealer, or other small business needing road visibility. The back of the garage contains the makings of a one-bedroom apartment with its own heat source, kitchen, and shower, offering a living option, rental potential, or space for an onsite caretaker. The land nearest the garage is mostly level, allowing for expansion, additional storage, or the construction of a new home while using the existing garage/apartment as a base. Additional features include a private well, septic, and Rural DCEC electric. Approximately half the lot is wooded, adding privacy. The property has partial mountain views and frontage across from the West Branch of the Delaware River. It is located minutes from the Hamden Inn, The Filling Station, and a Historic Covered Bridge. The property is also a short drive from Delhi, with local shops and restaurants such as Eighty Main and a weekly farmers market. The property is suited for a commercial shop, workshop, garage/apartment, or a mixed-use setup with room to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Auto Repair Shop Food Market Garden Center Car Rental Facility Barber Shop Farmer's Market Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    Delaware
    State
    New York
    Longitude
    -74.972276
    Latitude
    42.214955

    FAQs

    What type of property is this?
    Mixed-use property - 1.25-acre property with potential for commercial and residential use.
    Where is this mixed-use property located?
    The property is located at 37865 State Highway 10 Hamden, NY.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: High‑visibility location on Route 10, ideal for a business; Flexible 2,000+ sq ft structure with oversized garage doors, suitable for various commercial or mixed‑use purposes; Partially completed one‑bedroom apartment with separate heat, kitchen, and shower, offering living, rental, or caretaker options
    (917) 697-3469
    We can help!
    Listing Contact
    Robert Kennedy
    Robert Kennedy
    Real Estate License ID: 10401358878
    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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