467 County Highway 26, Otsego, NY 13326

Building Details

Year Built 2004 More

Buildings 2 More

Stories 2 More

Construction post-and-beam More

Listing Agency: Keller Williams Upstate NY Properties

Listed By: Robin M. Aufmuth · License NY #10401362667 Show Phone

Source: Countryboyrealty

Added: Aug 8 Changed: Oct 25 Last Checked: Oct 7 at 2:09PM

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Investment Insights

Based on property information with market context.

This flex property includes an 18+ acre parcel with level, usable land and a renovated 4,000± square-foot, two-story post-and-beam barn. The building features exposed timber framing, high ceilings, radiant in-floor heat, a wood stove, full insulation, a metal roof, updated 200-amp electrical service, and phone and internet connectivity. Interior improvements include three private offices, two bathrooms, and a break room/kitchenette. A separate 40' x 20' machine shop provides additional storage or workspace.

The property is located at 467 County Highway 26, approximately 2 miles from the heart of historic Cooperstown and minutes from Cooperstown Dreams Park. It offers approximately 1,256 feet of road frontage, scenic views toward Oaks Creek, and placement within the Cooperstown School District. Zoning is RA-2 (Residential/Agriculture 2), with a local variance for a service trade establishment.

Key Highlights

• 18+ acres with approximately 1,256 feet of road frontage
• Renovated 4,000± square‑foot, two‑story post‑and‑beam barn
• Three private offices, two bathrooms, and a break room/kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,234

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,680 $504.7K

Cap Rate 7%

$360,486 $360.5K

Cap Rate 9%

$280,378 $280.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,080 SF

Gross rent

$38.7K $9.48/SF

− Vacancy

−$2.6K −$0.64/SF

EGI

$36.0K $8.84/SF

− OpEx

−$10.8K −$2.65/SF

NOI

$25.2K $6.18/SF

Area

Otsego County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,680

Cap Rate 7%

$360,486

Cap Rate 9%

$280,378

Alternative Uses

Best Use

Office B

$736.5K

$644.4K – $859.3K (±1% cap)

NOI $51,555 @ 7.0% cap · market cap 9.75%

Second Best

Industrial

$360.5K

$315.4K – $420.6K (±1% cap)

NOI $25,234 @ 7.0% cap · market cap 4.77%

Theoretical Best

Office A

$1.12M

$984.1K – $1.31M (±1% cap)

NOI $78,728 @ 7.0% cap · market cap 14.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant 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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13326, NY

4,893

Population

2,724

Households

1.8

Avg Household Size

51

Median Age

48%

College-Educated

96%

High-School Grad

92.1 sq mi

ZIP Area

53

Density / Sq Mi

$70,977

Median Household Income

$33,740

Median Earnings

$1,120

Median Rent

$308,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Level acreage with offices, workshop improvements, and a local variance for service trade use.

Where is this flex space located?

The property is located at 467 County Highway 26 Otsego, NY.

What is the asking price?

The asking price for this property is $529,000.

What are key features of this property?

This property features: 18+ acres with approximately 1,256 feet of road frontage; Renovated 4,000± square‑foot, two‑story post‑and‑beam barn; Three private offices, two bathrooms, and a break room/kitchenette