Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    212 Ny-145 Cairo, NY 12413
    Back to Search
    Property profile & analytics

    212 Ny-145 Cairo, NY 12413

    View on Map
    • Apartment buildings
    • 2,688 SF
    • 2.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 212 Ny-145

    Lot size
    2.48 lot acres
    Property size
    2,688 SF
    Property type
    Apartment buildings

    Description

    This exceptional 5-unit mixed-use property in Cairo, NY, presents a unique investment opportunity. Situated on 2.48 acres, this meticulously renovated complex boasts a spacious 3-bedroom, 2-bath main house, two charming 1-bedroom cottages, and two versatile workspace studios. Each unit is thoughtfully designed and features modern upgrades, including refinished wide-plank flooring, custom kitchen shelving, renovated bathrooms, a Navien tankless water heater, split-unit A/C, and underfloor spray foam insulation. Recent improvements also include a new roof with ridge and soffit vents, a new septic pump, and resealed blacktop. The cottages offer combined living/kitchen areas, full baths, and laundry closets

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cairo
    County
    Greene
    State
    New York
    Longitude
    -74.021
    Latitude
    42.3132

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      41 Dalton Rd

      Multifamily properties • 1,290 SF
      41 Dalton Rd, Cairo, NY 12413
      View Details
    • Value Estimation by Request
      0.62 Acres

      353 Main St

      Multifamily properties • 0.62 Acres
      353 Main St, Cairo, NY 12413
      View Details
    • Value Estimation
      $855,000
      3,666 SF

      2327 Rte 23b

      MOBILE HOME PARK, TRAILER PARK • 3,666 SF
      2327 Rte 23b, Cairo, NY 12413
      View Details
    • Value Estimation by Request
      980 SF

      3461-3483 Schoharie Tpke

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      3461-3483 Schoharie Tpke, Cairo, NY 12413
      View Details
    • Value Estimation by Request
      2,900 SF

      408 Lk Mls Rd

      CAMPGROUND, RV PARK • 2,900 SF
      408 Lk Mls Rd, Cairo, NY 12413
      View Details
    • Value Estimation by Request
      2,592 SF

      373 Old Rte 23

      CAMPGROUND, RV PARK • 2,592 SF
      373 Old Rte 23, Cairo, NY 12413-3637
      View Details

    Similar Nearby for Sale

    • $2,750,000
      17,235 SF

      22-Unit Multifamily Investment Opportunity

      Fully occupied apartment complex with rental history and creek frontage.
      597 Bross St, Cairo, NY 12413
      View Details
    • Contact for pricing
      12,522 SF

      Turn-Key Multifamily Investment Opportunity

      21-unit multifamily property on 4.7 acres near Hudson, NY.
      586 Old Route 23, Cairo, NY 12413
      View Details
    • $2,750,000
      17,235 SF

      22-Unit Multifamily Investment Opportunity

      Fully occupied apartment complex with strong rental history and creek frontage.
      597 Bross St, Cairo, NY 12413
      View Details
    • $465,500
      4,953 SF

      Catskills Investment Opportunity: 4-Unit Multi-Family

      Four-unit multi-family property on 1.48 acres in Purling, NY.
      526 Mountain Ave, Cairo, NY 12413
      View Details
    • $749,900
      4,370 SF

      RedShuttersCatskill.com

      STR/Multigenerational/Ideal Live-Work/Rental-So Many Options-As Your Need Grows Your Personal Space Can Also Grow!
      463 Cairo Junction Road Ext, Catskill, NY 12413
      View Details
    • $1,025,000
      6.60 Acres

      Mobile Home Community For Sale

      Meticulously maintained mobile home community with expansion potential.
      102 Ross Ruland Rd, Cairo, NY 12413
      View Details
    Request Owner's contact information
    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.
    212 Ny-145
    Cairo, NY 12413
    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
    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

    Thank You for Inquiry
    212 Ny-145, Cairo, NY, 12413
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!