Mixed-Use Building with
For Sale
$399,900
107 Railroad Avenue, Middleburgh, NY 12122
Commercial Sale, NY
Property Size2,516 SF
Lot Size0.04 Acres
Price / SF$158.94
Days on Market360
Property Features for 107 Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Security features
Security System
Basement
Crawl Space
Appliances
Electric Oven, Refrigerator
Lot features
Cleared, Level
Directions
Route 145 to Main St in Middleburgh, turn on Wells Ave, left on Grove turns into Railroad, #107 on right.
Standard status
Active
APN
433801.106.15-4-5
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3286
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Ductless, Electric
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
3
Flooring type
Hardwood, Concrete, Carpet
Building materials
Block, Frame, Stone, Vinyl Siding, Wood Siding
Listing Agency:
KW Hudson Valley North · Keller Williams Realty
(845) 481-2700
Listed By:
Pearl Ruby Torres · License #30BO0794669
(845) 461-5132
Added: Aug 28, 2025
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 906188
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,516-square-foot mixed-use building, constructed in 1920, contains three revenue-producing units: a 1,258-square-foot two-bedroom apartment and two storefronts. The commercial spaces include Value Village Wine & Liquor, whose business name, signage, POS system, security cameras, mini split with A/C, and related equipment are included, along with a pet-grooming operation. The apartment and pet-grooming space are occupied by long-term tenants who would like to remain.
The property is located at 107 Railroad Avenue in Middleburgh, NY 12122. Public water and public sewer serve the building. Construction incorporates block, frame, stone, vinyl siding, and wood siding, while interior finishes include hardwood, concrete, and carpet. Heating is provided by oil, with ductless and electric cooling systems.
The property is located at 107 Railroad Avenue in Middleburgh, NY 12122. Public water and public sewer serve the building. Construction incorporates block, frame, stone, vinyl siding, and wood siding, while interior finishes include hardwood, concrete, and carpet. Heating is provided by oil, with ductless and electric cooling systems.
Key Highlights
- 2,516‑square‑foot mixed‑use building with 3 revenue‑producing units
- 1,258‑square‑foot two‑bedroom apartment
- Two storefronts occupied by Value Village Wine & Liquor and a pet groomer
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
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
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 - Three-unit property combines an apartment with two established commercial spaces and public water and sewer service.
Where is this mixed-use property located?
The property is located at 107 Railroad Avenue 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‑square‑foot mixed‑use building with 3 revenue‑producing units; 1,258‑square‑foot two‑bedroom apartment; Two storefronts occupied by Value Village Wine & Liquor and a pet groomer
