Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    105 Washington St Herkimer, NY 13350

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 0.81-acre commercial pad site.

    Property Features for 105 Washington St

    General Information

    Property type
    Land
    Lot Size
    35,284 SF

    We can help!

    Listing Contact
    John Jweid
    John Jweid

    Listing Agency: Pavia Real Estate Listing Agent: John Jweid

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.81-acre commercial land parcel presents a unique investment opportunity in the heart of Herkimer, New York. Located at 105-107 S. Washington Street, this property boasts a highly desirable location on a busy retail corridor, offering excellent visibility and accessibility. The site benefits from its proximity to the New York State Thruway, ensuring convenient access for customers and employees. This strategic location is further enhanced by its shared tenancy with established businesses including T-Mobile, WellNow Urgent Care, and Pristine Auto Wash, creating a synergistic environment and attracting significant foot traffic. The property is zoned for commercial use, providing flexibility for a variety of development options. With a daily traffic count of approximately 25,627 vehicles on NY Route 5, this site offers unparalleled exposure to a large potential customer base. The asking price for this prime commercial land is $600,000. This represents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a thriving community. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for return on investment. Don't miss this chance to secure a prominent position in a bustling commercial area. The address is 105-107 S. Washington Street, Herkimer, NY 13350.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -74.9840243
    Latitude
    43.0259666

    Nearby Similar for Sale

    • $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
    • $179,000
      Pending

      Herkimer Investment Opportunity

      Storefront building in downtown Herkimer revitalization zone.
      147 N 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
    • $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
    • $500,000

      Five-Unit Multifamily Investment Opportunity

      Five apartments across three parcels, ideal for short-term rentals.
      201 E German St, Herkimer, NY 13350
      View Details
    • $2,000,000
      13,798 SF

      Herkimer Retail Investment Opportunity

      Dollar General & Additional Building, High Traffic
      110 State St, Herkimer, NY 13350
      View Details
    • $55,000
      0.03 Acres

      Herkimer Mixed-Use Investment Opportunity

      Prime Herkimer location, 0.03-acre lot, $55,000.
      135 Main St, Herkimer, NY 13350
      View Details
    • $179,000

      Mixed-Use Building in Revitalization Zone

      Storefronts and apartments in downtown Herkimer revitalization zone.
      141-147 N Main St, Herkimer, NY 13350
      View Details
    • $575,000
      5,131 SF

      Herkimer Commercial Building For Sale

      Spacious commercial building, prime Herkimer location.
      Caroline St, Herkimer, NY 13350
      View Details
    • $550,000
      0.29 Acres

      Herkimer Commercial Redevelopment Opportunity

      Three-lot commercial property, high traffic area.
      234 Sunset Ave, 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
    • $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

    FAQs

    What type of property is this?
    Land - Prime 0.81-acre commercial pad site.
    Where is this land located?
    The property is located at 105 Washington St Herkimer, NY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 0.81-acre commercial land parcel in Herkimer, NY, priced at $600,000.; Highly visible location on a busy retail corridor (105-107 S. Washington Street) with excellent accessibility.; Strategic location near NY State Thruway and established businesses (T-Mobile, WellNow, Pristine Auto Wash), driving high foot traffic.
    (315) 269-4081 Call to check price and availability
    Request Owner's contact information
    105 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 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 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Jweid
    John Jweid
    Real Estate License ID: 10301208997
    (315) 269-4081
    Learn more
    Google sign-in failed. Please try again or use another login method.