Three-Unit Mixed-Use
For Sale
$419,000
107 Railroad Avenue #Middleburgh, Middleburgh, NY 12122
Occupied apartment and two established storefront operations provide a blend of residential and commercial use.
Property Size2,516 SF
Price / SF$166.53
Days on Market368
Property Features for 107 Railroad Avenue #Middleburgh
General Information
Standard status
Active
Size
2,516 SF
Class
C
Property subtype
Commercial
Zoning
Mixed
Occupancy
100%
Net Operating Income
$69,751
Financials
Cap Rate
15.53%
Business Included
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,286
Building Details
Building Size
2,516 SF
Year Built
1920
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Hudson Valley
(845) 461-5132
Listed By:
Pearl Ruby Torres · License #30BO0794669
(845) 461-5132
Source:
Cornerstonemyhome
Added: Aug 28, 2025
Changed: Aug 29
Last Checked: Aug 30 at 5:38PM
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 Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
Located at 107 Railroad Avenue in Middleburgh, NY, this 2,516-square-foot mixed-use building contains three revenue-producing units. The residential component is a 1,258-square-foot, two-bedroom apartment occupied by a long-term tenant. Commercial space includes two storefronts: Value Village Wine & Liquor, whose sale includes the operating business, inventory, POS system, security cameras, and business name, and a pet-grooming operation with a long-term tenant interested in remaining.
Constructed in 1920 and zoned Mixed, the property combines an occupied apartment with established street-level commercial uses. Value Village Wine & Liquor has operated in the community for more than 36 years. The property is offered with a reported 15.53% cap rate and a combined NOI of $69,751.
Constructed in 1920 and zoned Mixed, the property combines an occupied apartment with established street-level commercial uses. Value Village Wine & Liquor has operated in the community for more than 36 years. The property is offered with a reported 15.53% cap rate and a combined NOI of $69,751.
Key Highlights
- 2,516‑square‑foot mixed‑use building with three revenue‑producing units
- 1,258‑square‑foot, two‑bedroom apartment occupied by a long‑term tenant
- Two storefronts include Value Village Wine & Liquor and a pet‑grooming business
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
7.26%
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 7.26%
Second Best
Mixed Use
$423.6K
$370.7K – $494.2K
NOI $29,654 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 11.09%
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
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 - Occupied apartment and two established storefront operations provide a blend of residential and commercial use.
Where is this mixed-use property located?
The property is located at 107 Railroad Avenue #Middleburgh Middleburgh, NY.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 2,516‑square‑foot mixed‑use building with three revenue‑producing units; 1,258‑square‑foot, two‑bedroom apartment occupied by a long‑term tenant; Two storefronts include Value Village Wine & Liquor and a pet‑grooming business
