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    Versatile Mixed-Use Property in Johnstown Title is generated by Realmo AI

    4 S William Street, Johnstown, NY 12095

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    Claim this Listing
    For Sale
    Under Contract
    $150,000

    COMMERCIAL - Johnstown, NY

    Property size:
    2,000 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $75/SF
    Added:
    Mar 28, 2026
    Days on Market:
    52
    Last Refresh:
    May 18 at 7:06 pm

    Property Features for 4 S William Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Mixed
    Parking
    2
    Parking features
    On Street, Off Street
    Interior features
    High Speed Internet
    Standard status
    Active Under Contract
    APN
    170800 174.8-5-29
    Size
    2,000 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3900

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant
    Water source
    Public

    Building Details

    Year built
    1905
    Flooring type
    Tile, Hardwood
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Amanda Caldwell

    Listing agent Amanda Caldwell License #10401380164

    Listing office KW Platform 38 High Rock Ave, Latham, NY

    Listing date Mar 28, 2026

    MLS# 202614063

    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.

    HighLights

    • Mixed‑use property offering flexibility and income potential
    • Prime downtown location off Main Street, near the Fulton County courthouse
    • Renovated, move‑in‑ready residential apartment with updated kitchen and bathroom
    • Street‑level space suitable for office, retail, or professional use with excellent visibility and accessibility
    • Approximately 2000 sq ft of space with hardwood and tile flooring
    • Seller improvements underway: installing ceiling, recessed lighting, and flooring

    Overview

    Located just off Main Street in Johnstown, this mixed-use property at 4 S. William Street offers a blend of business and lifestyle opportunities. The property is situated in a prime downtown location near the Fulton County courthouse, across from Partner's Pub and Grill and the Johnstown Public Library. Nearby are local favorites including Vintage Cafe, Second Wind Coffee, CW Hair Design Studio and Spa and many additional shops and dining options that contribute to the character of the downtown area. The street-level space is suited for office, retail, or professional use, providing visibility and accessibility. Upstairs, a residential apartment features updates, including a renovated kitchen and updated bathroom, with floors that add warmth and character. The property offers approximately 2000 square feet of space on a lot of 0.02 acres. The seller is continuing work while listed and plans to install a ceiling, recessed lighting, and flooring. This property is zoned mixed-use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rock Razor Scissors ... Barber Shop Hair Affair Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Fulton
    State
    New York
    Longitude
    -74.374001
    Latitude
    43.006089

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail/office space and residential apartment.
    Where is this mixed-use property located?
    The property is located at 4 S William Street Johnstown, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Mixed‑use property offering flexibility and income potential; Prime downtown location off Main Street, near the Fulton County courthouse; Renovated, move‑in‑ready residential apartment with updated kitchen and bathroom
    (518) 921-5553
    We can help!
    Listing Contact
    Amanda Caldwell
    Real Estate License ID: 10401380164
    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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