Mixed-Use Building with Rental
For Sale
$249,000
Pending
1375 Dimmick Mountain Road, Denver, NY 12455
Residential, Denver, NY
Property Size1,200 SF
Lot Size5.29 Acres
Days on Market169
Property Features for 1375 Dimmick Mountain Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Security features
Security
Exterior features
PropaneTankLeased
Appliances
ElectricWaterHeater
Lot features
Corner Lot, Irregular Lot, Rural Lot
Elementary school district
Roxbury
Middle school district
Roxbury
High school district
Roxbury
Directions
From corner of Bridge and Main Street Margaretville go north on Rt 30 for 3.7 miles. Turn right on Denver-Vega Rd, go 2.9 miles to corner of Dimmick Mtn Rd, turn right 50 ft, driveway on right.
Subdivision
Middletown-124689
Standard status
Pending
APN
243-1-54.5
Size
1,200 SF
Lot size
5.29 Acres
Taxes and HOA fees
Tax Annual Amount
4200
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Propane (Heating)
Cooling system
Wall Unit(s)
Water source
Well
Water front features
River Access, Stream
Amenities
stream
panoramic views
mowed meadow
Building Details
Year built
1998
Floors in Building
2
Number of units
2
Flooring type
Varies, Vinyl, Tile
Building materials
Frame
Roof type
Asphalt, Shingle
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(845) 586-6220
Listed By:
Pamela Jean Orr · License #30OR0766776
(845) 853-3255
Added: Apr 4
Changed: Sep 16
Last Checked: Sep 19 at 8:06AM
MLS# R1671156
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 mixed-use property includes a 1,200-square-foot frame building constructed in 1998, with a separate entrance and stairs to a 600-square-foot unfinished second floor. The upper level can be completed for personal use or an additional rental, subject to Middletown Code review. The building received a new roof in 2024 and includes propane forced-air heat, wall-unit cooling, a well, and septic service.
The current rental arrangement expires 7/1/28 and includes two five-year options with a 10% escalation clause. A 4,000-square-foot paved parking area serves the rental occupant. The property also includes river access and a stream, with a meadow and gently sloping terrain extending behind the building. Margaretville and Roxbury are nearby, while area recreation includes hiking, trout fishing, skiing, and paddling at Pepacton Reservoir.
The current rental arrangement expires 7/1/28 and includes two five-year options with a 10% escalation clause. A 4,000-square-foot paved parking area serves the rental occupant. The property also includes river access and a stream, with a meadow and gently sloping terrain extending behind the building. Margaretville and Roxbury are nearby, while area recreation includes hiking, trout fishing, skiing, and paddling at Pepacton Reservoir.
Key Highlights
- 1,200‑square‑foot mixed‑use building constructed in 1998
- 600‑square‑foot unfinished second floor with separate entrance and stairs
- Current rental expires 7/1/28, with two 5‑year options and a 10% escalation clause
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
$11,592
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
4.66%
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%
$231,840
$231.8K
Cap Rate 7%
$165,600
$165.6K
Cap Rate 9%
$128,800
$128.8K
Market Conditions
NOI Build-Up for 1,200 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
$20.2K $16.80/SF
− Vacancy
−$1.6K −$1.34/SF
EGI
$18.5K $15.46/SF
− OpEx
−$7.0K −$5.80/SF
NOI
$11.6K $9.66/SF
Area
Delaware County, NY
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
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%
$231,840
Cap Rate 7%
$165,600
Cap Rate 9%
$128,800
Alternative Uses
Best Use
Mixed Use
$165.6K
$144.9K – $193.2K
NOI $11,592 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 12455, NY
1,820
Population
1,697
Households
1.1
Avg Household Size
56
Median Age
27%
College-Educated
91%
High-School Grad
71.3 sq mi
ZIP Area
26
Density / Sq Mi
$74,271
Median Household Income
$34,531
Median Earnings
$1,297
Median Rent
$219,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing rental occupancy and unfinished upper-level space support multiple potential uses within this rural property.
Where is this mixed-use property located?
The property is located at 1375 Dimmick Mountain Road Denver, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,200‑square‑foot mixed‑use building constructed in 1998; 600‑square‑foot unfinished second floor with separate entrance and stairs; Current rental expires 7/1/28, with two 5‑year options and a 10% escalation clause
