Building Details

Year Built 1998

Buildings 1

Stories 2

Tenancy Single

Listing Agency: Oneonta

Listed By: Jean Orr · License #NY Show Phone

Source: Kw

Added: Apr 5 Changed: Oct 7 Last Checked: Oct 7 at 8:32AM

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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 Oneonta

Investment Insights

Based on property information with market context.

This mixed-use property includes a 1,200-square-foot building with a separate entrance and stairway to a 600-square-foot unfinished second floor. The upper level can be completed for personal use or additional rental space. A new roof was installed in 2024, and the building includes a security system, propane, wall units, forced air, and an electric water heater.

A post office tenant currently occupies the property under an agreement expiring 7/1/28, with two five-year extension options and a 10% escalation clause. The site contains 4 acres, including a 4,000-square-foot paved parking area, a stream crossing the property, and a mostly level mowed meadow with a gradual rise toward the rear. Electricity, cable, and high-speed internet are available or connected. Middletown Code review applies to potential additional improvements.

Key Highlights

• 4 acres with a stream, mowed meadow, and gently rising rear portion
• 1,200‑square‑foot mixed‑use building with 600 square feet of unfinished second‑floor space
• Post office rental agreement runs through 7/1/28 with two 5‑year options

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,388

Cap Rate

6.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,760 $347.8K

Cap Rate 7%

$248,400 $248.4K

Cap Rate 9%

$193,200 $193.2K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$30.2K $16.80/SF

− Vacancy

−$2.4K −$1.34/SF

EGI

$27.8K $15.46/SF

− OpEx

−$10.4K −$5.80/SF

NOI

$17.4K $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 Rate 5%

$347,760

Cap Rate 7%

$248,400

Cap Rate 9%

$193,200

Alternative Uses

Best Use

Mixed Use

$248.4K

$217.4K – $289.8K (±1% cap)

NOI $17,388 @ 7.0% cap · market cap 6.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$883.1K

$772.7K – $1.03M (±1% cap)

NOI $61,819 @ 7.0% cap · market cap 24.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

United States Postal ... Post Office

Suggested Use

Top Pick Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - A leased commercial building includes unfinished upper-level space and access to a streamside acreage setting.

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: 4 acres with a stream, mowed meadow, and gently rising rear portion; 1,200‑square‑foot mixed‑use building with 600 square feet of unfinished second‑floor space; Post office rental agreement runs through 7/1/28 with two 5‑year options