Live-Work Property with
For Sale
$424,900
5457 State Route 40, Argyle, NY 12809
Commercial Sale, Argyle, NY
Property Size2,198 SF
Lot Size0.99 Acres
Price / SF$193.31
Days on Market49
Property Features for 5457 State Route 40
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking
12
Patio and Porch features
Deck
Interior features
High Speed Internet, Wired for Sound
Basement
Finished, Full, Walk-Out Access, Interior Entry, Exterior Entry
Elementary school
Argyle K-8
High school
Argyle
Elementary school district
Argyle
Middle school district
Argyle
High school district
Argyle
Directions
From Route 40, property is located approximately 2 miles north of the Village of Argyle on the west side of State Route 40.
Standard status
Active
APN
532089 173.-2-7
Size
2,198 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Annual Amount
6726
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1997
Flooring type
Hardwood, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Kellie Kieley Realty LLC
(518) 225-0454
Listed By:
Mark A Calicchia · License #10401348007
(518) 320-6377
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 13 at 10:06PM
MLS# 202624871
Copyright © 2026 Global MLS, Inc. 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.
Configured for residential and professional use, this property includes four bedrooms and 2.5 baths, with hardwood flooring and a wraparound deck. The walkout basement was finished in 2013 and has been used as professional office space; it also includes a half bath. Ethernet wiring extends throughout the home, and the living room has surround sound speakers.
The detached garage has a four-car tandem layout and three-phase power. A 20kW whole-house generator provides backup electricity, while two wall-mounted instant hot water systems serve the home. The structure was rebuilt in 1997 using insulated concrete form construction for the foundation and exterior walls. The property occupies a 0.99-acre corner lot in Argyle, New York.
The detached garage has a four-car tandem layout and three-phase power. A 20kW whole-house generator provides backup electricity, while two wall-mounted instant hot water systems serve the home. The structure was rebuilt in 1997 using insulated concrete form construction for the foundation and exterior walls. The property occupies a 0.99-acre corner lot in Argyle, New York.
Key Highlights
- Finished walkout basement completed in 2013 and recently used as professional office space
- Four‑car tandem detached garage with three‑phase power
- 20kW whole‑house generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,362
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
$567.2K
Cap Rate 7%
$405,171
$405.2K
Cap Rate 9%
$315,133
$315.1K
Market Conditions
NOI Build-Up for 2,198 SF
Gross rent
$48.8K $22.20/SF
− Vacancy
−$11.0K −$5.00/SF
EGI
$37.8K $17.21/SF
− OpEx
−$9.5K −$4.30/SF
NOI
$28.4K $12.90/SF
Area
Washington County, NY
Vacancy
22.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
Cap Rate 7%
$405,171
Cap Rate 9%
$315,133
Alternative Uses
Best Use
Office B
$405.2K
$354.5K – $472.7K
NOI $28,362 @ 7.0% cap · market cap 6.67%
Second Best
Mixed Use
$317.9K
$278.2K – $370.9K
NOI $22,255 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$545.3K
$477.1K – $636.2K
NOI $38,171 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 12809, NY
3,426
Population
1,815
Households
1.9
Avg Household Size
48
Median Age
21%
College-Educated
92%
High-School Grad
52.2 sq mi
ZIP Area
66
Density / Sq Mi
$74,631
Median Household Income
$43,697
Median Earnings
$1,100
Median Rent
$222,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - Finished lower-level workspace, three-phase garage power, and whole-house backup generation support a range of work functions.
Where is this live-work space located?
The property is located at 5457 State Route 40 Argyle, NY.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Finished walkout basement completed in 2013 and recently used as professional office space; Four‑car tandem detached garage with three‑phase power; 20kW whole‑house generator
