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    460 Main St Cairo, NY 12413

    View on Map
    Sponsored
    For Sale
    $139,900

    MULTI_FAMILY - Cairo, NY

    Property size:
    3,003 SF
    Lot size:
    0.27 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 5 at 2:06 pm

    Property Features for 460 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com
    Rooms
    Bedroom 3, Bedroom 1, Basement, Bedroom 2
    Bedrooms
    3
    APN
    101.09-2-5
    Parking features
    On Street, Driveway
    Patio and Porch features
    Porch
    Basement
    Unfinished
    Size
    3,003 SF
    Lot size
    0.27 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Oil
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    4
    Building materials
    Frame, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Theodore Banta III
    Theodore Banta III

    RVW Select Properties (518) 466-1219

    Listing agent Theodore Banta III (518) 466-1219

    Listing date Mar 1, 2026

    MLS# 20255468 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Development Opportunity in Cairo

    Located in the heart of Cairo's business district, this mixed-use property presents a development opportunity. The corner property, situated at Main Street & Bross Street, allows for the creation of a multi-unit building with both commercial and residential income potential. The property previously featured commercial/retail spaces on the ground floor, including a former barbershop area, along with a studio apartment. The second floor contained a spacious 2-bedroom, 1 1/2 bath residential apartment. The layout allows for reimagining the property as a mixed-use asset within Cairo's business corridor. The property has fire and water damage. The building has been secured, presenting a redevelopment opportunity for a cash investor or developer to redevelop a corner lot in a prime location. The building offers walkability and proximity to local eateries, bakeries, convenience stores, the Cairo Public Library, Angelo Canna Town Park, and Town Hall. It is located 10 minutes to Green Lake, 15 minutes to Zoom Flume Water Park, 20 minutes to Windham Mountain, 30 minutes to Hunter Mountain, 15 minutes to Dutchman's Landing Park and the Hudson River, & 25 minutes to the Village of Saugerties. The lot size is 0.27 acres and the property size is 3003 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cairo
    County
    Greene
    State
    New York
    Longitude
    -73.998237
    Latitude
    42.299146

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in prime location with commercial and residential potential.
    Where is this mixed-use property located?
    The property is located at 460 Main St Cairo, NY.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Prime corner lot location in the heart of Cairo's business district offering high visibility and walkability.; - Rare mixed-use development opportunity with potential for commercial and residential income.; - "Blank canvas" opportunity for cash investor or developer to reimagine and redevelop the property.
    (518) 466-1219
    Request Owner's contact information
    460 Main St Cairo, NY 12413
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    Cairo, NY 12413
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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
    460 Main St Cairo, NY 12413
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    We can help!
    Listing Contact
    Theodore Banta III
    Theodore Banta III
    Real Estate License ID: 10311209842
    (518) 466-1219
    Learn more
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