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    Historic Church on Route 7 Title is generated by Realmo AI

    6367 State Highway 7, Milford, NY 12116

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    Claim this Listing
    For Sale
    $130,000

    COMMERCIAL - Milford, NY

    Property size:
    2,000 SF
    Lot size:
    4.87 Acres
    Price / SF:
    $65/SF
    Added:
    Apr 16, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for 6367 State Highway 7

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    620
    Rooms
    Basement
    Parking
    8
    Parking features
    Driveway
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    277.00-1-23.00
    Size
    2,000 SF
    Lot size
    4.87 Acres

    Utilities

    Heating system
    Oil, Forced Air

    Building Details

    Year built
    1876
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Frame
    Roof type
    Slate, Tile

    We can help!

    Listing Contact
    Mary Rab
    Mary Rab

    Listing agent Mary Rab License #30RA0875441

    Listing office Benson Agency Real Estate LLC One Grand Street, Oneonta, NY

    Listing date Apr 16, 2026

    MLS# R1674058

    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.

    HighLights

    • High‑visibility location on Route 7 corridor, near Goodyear Lake, Oneonta, and Cooperstown.
    • Unique historic church building (built in 1876) with classic architectural elements like stained glass windows and wooden benches.
    • Flexible, open interior space suitable for a wide range of uses.
    • Property consists of 3 lots totaling nearly 5 acres.
    • Includes a large barn with a relatively new roof (replaced 6‑8 years ago).
    • Large kitchen present.

    Overview

    This historic church, constructed in 1876 in Cooperstown Junction, presents an opportunity for repurposing. Situated on the high-visibility Route 7 corridor, it is a short drive from Goodyear Lake, Oneonta, and Cooperstown. The property features architectural elements such as tall stained glass windows, wooden benches, and an open interior space, providing a flexible layout suitable for various uses. The property includes three lots totaling approximately 4.87 acres. A large barn is located towards the rear of the property, with its roof replaced approximately 6-8 years ago. The property may suit investors or entrepreneurs seeking a distinctive space for business or studio purposes. There is a large kitchen, but no well. A septic system is believed to be located on the front of the property. A buried oil tank, not currently in use, is situated at the rear, with the current oil tank being above ground. The property is sold "AS IS". The square footage is estimated to be 2000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Milford
    County
    Otsego
    State
    New York
    Longitude
    -74.8983
    Latitude
    42.5423

    Nearby Similar for Sale

    • $130,000
      2,000 SF

      Historic Church on Route 7

      Unique property with architectural elements, flexible layout, and high visibility.
      6367 State Highway7, Milford, NY 12116
      View Details
    • $675,000
      9,400 SF

      Former Cheese Processing Facility

      9,400 SF facility with retail and manufacturing/warehousing space.
      3941 NY-28, Milford, NY
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Repurpose opportunity on high-visibility Route 7 corridor near Cooperstown.
    Where is this church & religious facility located?
    The property is located at 6367 State Highway 7 Milford, NY.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: High‑visibility location on Route 7 corridor, near Goodyear Lake, Oneonta, and Cooperstown.; Unique historic church building (built in 1876) with classic architectural elements like stained glass windows and wooden benches.; Flexible, open interior space suitable for a wide range of uses.
    (607) 437-1694
    We can help!
    Listing Contact
    Mary Rab
    Mary Rab
    Real Estate License ID: 30RA0875441
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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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