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    670 New York 145 Cairo, NY 12413

    View on Map
    Sponsored
    For Sale
    $495,000

    COMMERCIAL - Cairo, NY

    Property size:
    3,995 SF
    Lot size:
    0.61 Acres
    Days on Market:
    55
    Last Refresh:
    Mar 25 at 12:06 pm

    Property Features for 670 New York 145

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    544
    Rooms
    Basement, Bathroom 1
    Bathrooms
    1
    APN
    83.00-2-5.2
    Basement
    Full, Unfinished, Storage Space
    Size
    3,995 SF
    Lot size
    0.61 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless, Wall Unit(s)
    Water source
    Well

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Linoleum, Tile
    Building materials
    Asphalt, Block, Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Theodore Banta III
    Theodore Banta III

    RVW Select Properties

    Listing agent Theodore Banta III

    Listing date Jan 29, 2026

    MLS# 20260195

    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

    Commercial Space with Road Frontage

    This property offers approximately 4,000 square feet of open space, suitable for one or multiple businesses, situated on the corner of State Route 145 and Forgione Road. The site benefits from approximately 320 feet of road frontage on both roads and features multiple points of access. Ample parking is available around the building, which also includes a loading dock with a 9-foot by 8-foot door and a conveyor belt leading to the basement. The first floor of the building comprises a large open area, a back room equipped with a kitchen featuring an Ansul system, a storage area, a half bath, and an additional storage room. The unfinished basement consists of one large open area and two separate rooms. The building's construction incorporates block and steel girders throughout. Previously, the property operated as a gym, and prior to that, it functioned as a gas station with a deli and a convenience store. The kitchen facilities include a three-bay sink, a pizza oven, a drink cooler, and two walk-in refrigerators that require condensers. This property is zoned 544 and is suitable for various commercial uses, including retail, a deli, a bakery, a convenience store, a health spa, a hair salon, medical offices, a day care, an educational or training facility, distribution, storage, or a spiritual or religious place. The location offers proximity to local attractions, being 20 minutes from Windham Ski Mountain, 10 minutes from Zoom Flume Water Park, 50 minutes from Howe Caverns, 30 minutes from Hunter Ski Mountain, 7 minutes from Angelo Canna Town Park, 20 minutes from Dutchman's Landing and the Hudson River, 15 minutes from Green Lake, and 15 minutes from Colgate Lake. The property is located in Cairo, Greene County, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Cairo
    County
    Greene
    State
    New York
    Longitude
    -74.039325
    Latitude
    42.322772

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with ample parking and multiple access points.
    Where is this retail space located?
    The property is located at 670 New York 145 Cairo, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - 4,000 square feet of open space with multiple points of access and ample parking, suitable for various businesses.; - prominent corner location on state route 145 & forgione rd with approximately 320' of road frontage on both roads.; - equipped with a loading dock (9' x 8' door), conveyor belt to basement, and a kitchen with an ansul system, 3-bay sink, and pizza oven.
    (518) 466-1219
    Request Owner's contact information
    670 New York 145 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
    670 New York 145 Cairo, NY 12413
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    We can help!
    Listing Contact
    Theodore Banta III
    Theodore Banta III
    Real Estate License ID: 10311209842
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