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    Historic Church Building with Parking Title is generated by Realmo AI

    615 E Main St, Cobleskill, NY 12043

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    Claim this Listing
    New
    For Sale
    $150,000

    Commercial Building - Cobleskill, NY

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

    Property Features for 615 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Parking features
    Garage
    Standard status
    Active
    APN
    56.18-7-16.1
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10593

    Building Details

    Year built
    1853
    Year renovated
    1853
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Silvestri-Putnam

    Listing agent Tammy Silvestri-Putnam

    Listing office BETTER SPACES REALTY 125 Donats Brow Lane PO Box 351, COBLESKILL, NY

    Listing date Jun 6, 2026

    MLS# 11802527 Listing URL

    Copyright © 2026 My State 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 High Gothic Victorian church building built in 1853
    • Slate roof and hardwood flooring
    • Commercial zoning in place
    • Historical Register property
    • Parking lot with 25 parking spaces, including 2 handicap‑accessible spaces, plus additional public parking
    • Sold as‑is: fire damage in the sanctuary with smoke damage throughout; two stained‑glass windows damaged; kitchen and furnace room in the basement not damaged

    Overview

    This brick church building features High Gothic Victorian architecture and was originally built with acoustics in mind. The property is on the Historical Register. The sanctuary area was damaged by a fire that burned into the sub floor and basement, including restroom areas below, and smoke damage is present throughout the sanctuary. Two glass windows were damaged in the fire; the remainder of the stained glass is intact. The basement kitchen area and the furnace room are part of the affected lower level, while the kitchen area in the basement and the annex building were not damaged by the fire. The property is being sold AS IS.

    The building sits on a 0.62-acre lot and includes a parking lot with 25 spaces, including two handicap-accessible spaces. The remarks also note that additional public parking is available.

    With commercial zoning in place, this historic structure can be evaluated for a range of adaptive reuse ideas, including cultural and community uses such as a performing arts center or art gallery, or other uses like a school, museum, multi-unit dwelling, restaurant, or auction house. Buyers and tenants should plan for restoration work given the documented fire and smoke impacts to the sanctuary area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zion Evangelical Lutheran ... Food Bank Food Distribution Center ... Food Bank

    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
    Cobleskill
    County
    Schoharie
    State
    New York
    Longitude
    -74.482159
    Latitude
    42.678698

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    FAQs

    What type of property is this?
    Church & religious facility - Brick Victorian church on commercial zoning, offered AS IS with fire and smoke damage and dedicated off-street parking.
    Where is this church & religious facility located?
    The property is located at 615 E Main St Cobleskill, 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: Brick High Gothic Victorian church building built in 1853; Slate roof and hardwood flooring; Commercial zoning in place
    (518) 312-7334
    We can help!
    Listing Contact
    Tammy Silvestri-Putnam
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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.

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