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    Mixed-Use Development Opportunity Title is generated by Realmo AI

    10 Railroad Street, Malone, NY 12953

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    Picture of Mixed-use properties at 10 Railroad Street, Malone, NY
    For Sale
    $139,900

    COMMERCIAL - Malone, NY

    Property size:
    2,500 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $55/SF
    Added:
    Mar 24, 2025
    Days on Market:
    442
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 10 Railroad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Garage
    Interior features
    Apartment, Storage
    Exterior features
    Storage
    Basement
    Exterior Entry, Unfinished, Full
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    112.24-6-10.100
    Size
    2,500 SF
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6703

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Oil, Forced Air
    Water source
    Public

    Building Details

    Year built
    1945
    Flooring type
    Varies, Wood
    Building materials
    Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Craig Garrow

    Listing agent Craig Garrow

    Listing office Marshall Realty & Associates 246 W Main Street, Malone, NY

    Listing date Mar 24, 2025

    MLS# 204110

    Copyright © 2026 Adirondack Champlain Valley 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

    • Two commercial buildings next to the Franklin County Courthouse in the Village of Malone
    • Includes two finished apartments and an office space; apartments are currently leased
    • Commercial‑sized garage plus ample off‑street parking, storage, workshop, and an office
    • Upgrades include spray foam insulation and new wiring and flooring
    • Public water and public sewer; metal roof; wood siding
    • Heating includes electric and oil forced‑air systems; electric water heater

    Overview

    This offering includes two commercial buildings that currently contain two finished apartments and a nicely appointed office space. Over the years, the buildings have received multiple upgrades, including spray foam insulation and new wiring and flooring, among other improvements. Each building also has room to continue the project by adding additional apartment and/or office space.

    The property is located at 10 Railroad Street in the Village of Malone, next to the Franklin County Courthouse. The site includes a commercial-sized garage offering ample parking and storage, along with a workshop and an office.

    For buyers and operators, the current mix of leased residential units and office space can support a live-and-work approach while maintaining flexibility to expand the footprint within the existing buildings. The included garage and workshop components may be useful for tenant-related storage needs or for supporting an office-focused use. Apartments are currently leased, and additional details are available by request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.29634
    Latitude
    44.849713

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    FAQs

    What type of property is this?
    Mixed-use property - Two buildings with leased apartments, an office space, and a commercial garage with parking, storage, and workshop areas.
    Where is this mixed-use property located?
    The property is located at 10 Railroad Street Malone, NY.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: Two commercial buildings next to the Franklin County Courthouse in the Village of Malone; Includes two finished apartments and an office space; apartments are currently leased; Commercial‑sized garage plus ample off‑street parking, storage, workshop, and an office
    (518) 353-2230
    We can help!
    Listing Contact
    Craig Garrow
    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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