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    Live-Work Commercial Building Title is generated by Realmo AI

    5197 Main Street, South Fallsburg, NY 12779

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    New
    For Sale
    $940,000

    SINGLE_FAMILY - South Fallsburg, NY

    Type:Office
    Lot size:
    0.28 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 5197 Main Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Rooms
    Basement
    Parking features
    On Street, Driveway
    Security features
    Security System
    Basement
    Walk-Out Access, Unfinished, Full
    Appliances
    Dishwasher, Dryer, Gas Cooktop, Oven, Refrigerator, Stainless Steel Appliance(s), Washer
    Standard status
    Active
    APN
    2889-052-0-0005-015-000
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5841

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Steam
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1926
    Floors in Building
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Ronald D. Lindridge

    Listing agent Ronald D. Lindridge

    Listing office The Maxx Group LLC 462 Twin Bridge Rd, Ferndale, NY

    Listing date Jun 6, 2026

    MLS# 1009479

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick‑and‑stucco commercial building built in 1926 on busy State Route 42
    • Whole‑building propane generator for added backup power
    • Main level includes conference and office rooms plus a modern half bath
    • Ductless mini‑split cooling and oil steam heat
    • Kitchen features stainless steel appliances, granite countertops, and an island
    • Private deck with hot tub; public water and public sewer

    Overview

    This brick-and-stucco live-work commercial building combines street-facing presentation with functional interior spaces. The ground level features inviting display windows, two entry doors, and a hallway with vinyl flooring and white walls leading to conference and office rooms. The larger conference room includes a mini-split air conditioner and can be reconfigured into additional office space. A second conference room offers recessed lighting, built-in shelving, and ceiling fans, along with a modern half bath on the main floor.

    Upstairs, the open-concept living area includes wood-finish flooring and large windows for natural light. The space is finished with decorative trim, track lighting, ceiling fans, and exposed beams throughout. The kitchen includes an island, granite countertops, wood-finish cabinetry, and stainless steel appliances. A full bath with an oversized shower, plus a powder room, support everyday use.

    Situated at 5197 Main Street in South Fallsburg, the property sits on busy State Route 42, providing visibility and customer-facing storefront appeal. For tenants, owners, or buyers seeking a combined work and personal-use layout, the configuration supports a professional office setup on the main level with a private living environment above, complemented by a private deck with a hot tub and a whole-building propane generator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Siddha Yoga Meditation ... Alternative Medicine Practice Arthur G. Sichel, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Building Supply Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Fallsburg
    County
    Sullivan
    State
    New York
    Longitude
    -74.630441
    Latitude
    41.708311

    Nearby Similar for Sale

    • $850,000

      South Fallsburg Main Street Investment

      Investment opportunity with flexible zoning and income potential.
      5039 Main Street, South Fallsburg, NY 12779
      View Details
    • $1,985,000
      3,560 SF

      South Fallsburg Retail Opportunity

      Retail property in South Fallsburg with investment grade tenant.
      25 Railroad Plaza, South Fallsburg, NY
      View Details

    FAQs

    What type of property is this?
    Live-work space - Brick-and-stucco building with ground-level display windows and office rooms plus private upper living space.
    Where is this live-work space located?
    The property is located at 5197 Main Street South Fallsburg, NY.
    What is the asking price?
    The asking price for this property is $940,000.
    What are key features of this property?
    This property features: Brick‑and‑stucco commercial building built in 1926 on busy State Route 42; Whole‑building propane generator for added backup power; Main level includes conference and office rooms plus a modern half bath
    (845) 866-5478
    We can help!
    Listing Contact
    Ronald D. Lindridge
    Request Owner's contact information
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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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