Mixed-Use Building with Established
For Sale
$399,900
107 Railroad Ave, Middleburgh, NY 12122
Income-producing property with apartment and two storefronts in Middleburgh, NY.
Property Size2,516 SF
Lot Size0.04 Acres
Price / SF$158.94
Days on Market164
Property Features for 107 Railroad Ave
General Information
Standard status
Active
Size
2,516 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$125,867
Building Details
Building Size
2,516 SF
Year Built
1920
Stories
2
Units
3
Listing Agency:
KW Hudson Valley North
(845) 461-5132
Listed By:
Pearl Torres "Ruby" · License #30BO0794669
(845) 461-5132
Source:
Elliman
Added: Mar 11
Changed: Aug 20
Last Checked: Aug 20 at 10:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Hudson Valley North
Investment Insights
Based on property information with market context.
This 2,516 sq ft mixed-use building offers a proven income-producing opportunity, featuring three revenue-generating units with long-term tenants. The property includes a spacious 1,258 sq ft 2-bedroom apartment occupied by a long-term tenant. Additionally, there are two storefronts. One storefront houses Value Village Wine & Liquor, a thriving and established business included in the sale. This wine and liquor store has maintained a strong community presence for over 36 years and grosses over $525,000 annually. The sale includes $100,000 in inventory, a POS system, mini split with A/C, security cameras, signage, and the business name, offering a turnkey transition with distributors. The other storefront is occupied by a loyal, long-term pet groomer. With a combined NOI of $69,751 and a 15.53% cap rate, this property presents exceptional returns for investors or owner-occupants seeking a steady income stream. Located in Middleburgh, NY, this property offers the rare opportunity to own a successful wine & liquor business and a fully leased income property with immediate cash flow.
Key Highlights
- High 15.53% Cap Rate & $69,751 NOI: Exceptional return on investment with immediate cash flow.
- Turnkey Wine & Liquor Business Included: Established business (Value Village Wine & Liquor) with $525K+ annual gross, $100K inventory, POS, A/C, security, and name included.
- Three Revenue‑Generating Units: Mixed‑use building with a 2‑bedroom apartment and two storefronts, all currently leased.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,000
$608.0K
Cap Rate 7%
$434,286
$434.3K
Cap Rate 9%
$337,778
$337.8K
Market Conditions
NOI Build-Up for 2,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.8K $18.60/SF
− Vacancy
−$3.4K −$1.34/SF
EGI
$43.4K $17.26/SF
− OpEx
−$13.0K −$5.18/SF
NOI
$30.4K $12.08/SF
Area
Schoharie County, NY
Vacancy
7.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,000
Cap Rate 7%
$434,286
Cap Rate 9%
$337,778
Alternative Uses
Best Use
Retail
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 7.60%
Second Best
Mixed Use
$423.6K
$370.7K – $494.2K
NOI $29,654 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 12122, NY
3,763
Population
2,395
Households
1.6
Avg Household Size
50
Median Age
20%
College-Educated
90%
High-School Grad
102.1 sq mi
ZIP Area
37
Density / Sq Mi
$54,308
Median Household Income
$39,102
Median Earnings
$1,019
Median Rent
$172,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with apartment and two storefronts in Middleburgh, NY.
Where is this mixed-use property located?
The property is located at 107 Railroad Ave Middleburgh, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High 15.53% Cap Rate & $69,751 NOI: Exceptional return on investment with immediate cash flow.; Turnkey Wine & Liquor Business Included: Established business (Value Village Wine & Liquor) with $525K+ annual gross, $100K inventory, POS, A/C, security, and name included.; Three Revenue‑Generating Units: Mixed‑use building with a 2‑bedroom apartment and two storefronts, all currently leased.
