Mixed-Use Building with Three
For Sale
$399,900
107 Railroad Ave, Middleburgh, NY 12122
Mixed-use building with an occupied 2-bedroom apartment and two leased storefronts, producing documented annual income.
Property Size2,516 SF
Price / SF$158.94
Days on Market360
Property Features for 107 Railroad Ave
General Information
Standard status
Active
Size
2,516 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$3,286
Amenities
Electric
3
Level
Clear lot, Level.
Building Details
Year Built
1920
Listing Agency:
KW Hudson Valley North
(845) 461-5132
Listed By:
Pearl Ruby Torres · License #30BO0794669
(845) 461-5132
Source:
Xome
Added: Aug 26, 2025
Changed: Aug 14
Last Checked: Aug 20 at 4:42AM
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 mixed-use building offers three revenue-generating units totaling approximately 2,516 square feet. The property includes a spacious 2-bedroom apartment (about 1,258 square feet) that is currently occupied by a long-term tenant. Two additional storefront spaces are leased to long-term tenants, including Value Village Wine & Liquor and a pet grooming business.
The sale includes the thriving wine and liquor operation, with the business name and business-related components identified in the remarks, including POS system and security cameras. The business is described as grossing $525K+ annually, with $100K+ in inventory included, supporting a turnkey transition. The combined NOI is reported as $69,751 with a 15.53% cap rate.
Located in Middleburgh, New York, the property is positioned for an owner seeking steady, existing rental income from fully leased units.
The sale includes the thriving wine and liquor operation, with the business name and business-related components identified in the remarks, including POS system and security cameras. The business is described as grossing $525K+ annually, with $100K+ in inventory included, supporting a turnkey transition. The combined NOI is reported as $69,751 with a 15.53% cap rate.
Located in Middleburgh, New York, the property is positioned for an owner seeking steady, existing rental income from fully leased units.
Key Highlights
- 2,516 SF mixed‑use building (built 1920) with 3 revenue‑generating units: an occupied 2BD apartment plus two leased storefronts
- Occupied 2‑bedroom apartment totals 1,258 SF with a long‑term tenant in place
- Two leased storefronts include Value Village Wine & Liquor (business name, POS system, and security cameras included) plus a pet groomer tenant
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
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with an occupied 2-bedroom apartment and two leased storefronts, producing documented annual income.
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: 2,516 SF mixed‑use building (built 1920) with 3 revenue‑generating units: an occupied 2BD apartment plus two leased storefronts; Occupied 2‑bedroom apartment totals 1,258 SF with a long‑term tenant in place; Two leased storefronts include Value Village Wine & Liquor (business name, POS system, and security cameras included) plus a pet groomer tenant
