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    6558 Rte 12 Norwich, NY 13815

    View on Map
    Sponsored
    For Sale
    $550,000

    Commercial Building - Norwich, NY

    Property size:
    5,000 SF
    Lot size:
    6.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 3:06 pm

    Property Features for 6558 Rte 12

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    5
    APN
    110.-1-33.4
    Parking features
    Garage
    Basement Y/N
    1
    Size
    5,000 SF
    Lot size
    6.00 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water front features
    Wfriver, Waterfront
    Water front
    1

    Building Details

    Year built
    1981
    Year renovated
    1981
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kara Posson Reed

    Posson Realty LLC

    Listing agent Kara Posson Reed

    Listing date Mar 27, 2026

    MLS# 11570515 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.

    Learn more

    Overview

    Adaptable Commercial Building on Highway 12

    Located on Highway 12, this 6-acre property features a highly adaptable commercial building with over 5,120 sq. ft. across two levels. Originally built in 1987, the building has served as both a church and a banquet/restaurant facility. Its open layout and multiple amenities make it suitable for various commercial, community, or mixed-use purposes. The main level includes a spacious open hall, commercial kitchen hookups with a hood/ansul system, a walk-in cooler/freezer, and three restrooms. The lower level features a large gathering room with a wet bar, office space, storage areas, additional coolers/freezers, and two restrooms. Tile flooring is installed throughout. Utilities include a private well and septic system. The property also features a Friedrich smoker and a 10'x12' smoker building, adding versatility for food-related operations. Paved parking and an existing driveway are available, along with surplus land behind the building for expansion or outdoor use. The structure and systems are suitable for a wide range of uses, from event space, worship center, or community hall, to office, retail, or specialty commercial ventures. Situated minutes from downtown Norwich, the property provides convenient access to banks, groceries, a hospital, pharmacies, and other necessities. Regional hubs are also accessible, with Binghamton an hour away and Syracuse approximately 1 hour 15 minutes away.
    Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Norwich
    County
    Chenango
    State
    New York
    Longitude
    -75.52694
    Latitude
    42.580433

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    FAQs

    What type of property is this?
    Wedding venue - Versatile commercial building on 6 acres near downtown Norwich.
    Where is this wedding venue located?
    The property is located at 6558 Rte 12 Norwich, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Adaptable 5,120 sq. ft. commercial building suitable for various uses.; - 6± acre property with surplus land.; - Commercial kitchen hookups with hood/ansul system and walk-in cooler/freezer.
    (607) 334-9727
    Request Owner's contact information
    6558 Rte 12 Norwich, NY 13815
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    Norwich, NY 13815
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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
    6558 Rte 12 Norwich, NY 13815
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