Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    105-107 South Washington St Herkimer, NY 13350

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property in Herkimer, NY, with strategic location.

    We can help!

    Listing Contact
    Daniel Bosio
    Daniel Bosio
    Source: Caliberbrokerage

    Listing Agent: Daniel Bosio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Real Estate Opportunity

    The property at 105-107 S Washington St in Herkimer, NY, offers an investment opportunity in commercial real estate. The location at the corner of S Washington St (NY Route 28) and E State St provides access to public transportation and neighboring businesses. Its location is suitable for businesses seeking to establish a presence in Herkimer. The property's features make it an option for a variety of businesses.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.9839672
    Latitude
    43.0258877

    Nearby Similar for Sale

    • New
      $149,900
      1,944 SF

      Herkimer Two-Unit Investment Opportunity

      Two-unit property in Herkimer, NY with rental potential.
      318 S Main St, Herkimer, NY 13350
      View Details
    • $275,000
      11,000 SF

      Herkimer Commercial Building For Sale

      Two buildings on 0.5 acres, subject to court approval.
      127 North Prospect St, Herkimer, NY 13350
      View Details
    • New
      $85,000
      2,200 SF

      Herkimer Multi-Use Building For Sale

      Multi-use building in a well-traveled commercial location.
      118 North Prospect St, Herkimer, NY 13350
      View Details
    • $149,900
      Pending

      Versatile Commercial Space in Herkimer

      High-visibility storefront with garage-like storage and workspace.
      205 Delaware Ave, Herkimer, NY 13350
      View Details
    • $85,000
      2,200 SF

      Herkimer Mixed-Use Building For Sale

      Multi-use building in a well-traveled commercial location.
      118 North Prospect St, Herkimer, NY 13350
      View Details
    • $179,000
      Pending

      Herkimer Investment Opportunity

      Storefront building in downtown Herkimer revitalization zone.
      147 N Main St, Herkimer, NY 13350
      View Details
    • $550,000

      Prime Commercial Area For Redevelopment

      Commercial area with structures for redevelopment, high traffic location.
      234-244 Sunset Ave, Herkimer, NY 13350
      View Details
    • $425,000
      3,173 SF

      Former Bank Building For Sale

      3,173 SF former bank building with drive-thru.
      324 Prospect St North, Herkimer, NY 13350
      View Details
    • $549,000
      6,696 SF

      Mixed-Use Building with Retail Showroom

      Mixed-use building with retail showroom and warehouse space for sale.
      218 Caroline St South, Herkimer, NY 13350
      View Details
    • Contact for pricing
      2,400 SF

      Herkimer Commercial Property for Sale

      Prime commercial real estate in Herkimer, New York.
      105-107 S Washington St, Herkimer, NY 13350
      View Details
    • Contact for pricing
      4,284 SF

      Herkimer Retail/Office Space For Sale

      Well-maintained building with retail/office space and apartment potential.
      200 N Main St, Herkimer, NY 13350
      View Details
    • $100,000

      Fire Damaged Funeral Home

      Funeral home damaged by fire, sold as is.
      327-329 S Washington St, Herkimer, NY 13350
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property in Herkimer, NY, with strategic location.
    Where is this storefront property located?
    The property is located at 105-107 South Washington St Herkimer, NY.
    What are key features of this property?
    This property features: - Prime corner location at S Washington St (NY Route 28) and E State St.; - Excellent access to public transportation.; - Proximity to neighboring businesses and amenities.
    (248) 872-4654
    Request Owner's contact information
    105-107 South Washington St Herkimer, NY 13350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105-107 South Washington St
    Herkimer, NY 13350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    105-107 South Washington St Herkimer, NY 13350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel Bosio
    Daniel Bosio
    Real Estate License ID: #10401355583
    (248) 872-4654 (585) 454-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!