Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    41561-1 State Highway 10 Delhi, NY 13753
    Back to Search
    Property profile & analytics

    41561-1 State Highway 10, Delhi, NY 13753

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 41561-1 State Highway 10

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 18-acre commercial land parcel in Delhi, New York, presents a unique development opportunity. Located on State Highway 10, the property boasts high visibility and convenient access, making it ideal for a wide range of commercial ventures. The land is level and flat, simplifying development and minimizing site preparation costs. Its strategic location near the Village of Delhi ensures proximity to amenities and a strong local market. The expansive 784,080 square foot lot offers ample space for substantial projects, allowing for significant flexibility in design and scale. The property is currently undergoing a survey to establish precise boundaries, providing clarity and confidence for potential buyers. This is a rare chance to acquire a prime commercial site in a growing area, poised for significant return on investment. Don't miss this opportunity to transform your vision into a thriving commercial enterprise. The property is conveniently located near Delaware Academy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delhi
    County
    Delaware
    State
    New York
    Longitude
    -74.9511
    Latitude
    42.259

    Comparable in this City

    • Value Estimation by Request

      2 Warren Rd

      Farms
      2 Warren Rd, Delhi, NY 13753
      View Details
    • Value Estimation by Request

      12 County Highway 14

      Farms
      12 County Highway 14, Meredith, NY 13753
      View Details
    • Value Estimation by Request
      2,000 SF

      14887 State Highway 28

      Land
      14887 State Highway 28, Delhi, NY 13753
      View Details
    • Value Estimation by Request
      0.28 Acres

      8 Depot St

      GRAIN ELEVATOR
      8 Depot St, Delhi, NY 13753
      View Details
    • Value Estimation by Request
      0.35 Acres

      4 Depot St

      GRAIN ELEVATOR
      4 Depot St, Delhi, NY 13753-1202
      View Details
    • Value Estimation by Request
      9.14 Acres

      Arbor Hl Rd

      MINING, MINERAL, QUARRIES
      Arbor Hl Rd, Delhi, NY 13753
      View Details

    Similar Nearby for Sale

    • $395,000

      Meredith Land with Road Frontage

      147-acre land parcel with frontage on NY-28.
      Rte 28, Meredith, NY 13753
      View Details
    • $429,000
      4,173 SF

      Unique Multi-Use Farm Property

      Farm property with greenhouses, living space, and entrepreneurial potential.
      265 Main St, Delhi, NY 13753
      View Details
    • $65,000
      3.47 Acres

      3.47 Acres Vacant Land

      Vacant land parcel in Delaware County, build your dream home.
      6263 Turnpike Rd, Delhi, NY 13753
      View Details
    • $94,000
      681,714 SF

      Land Parcel Near Amenities

      Land parcel close to shopping, dining, and entertainment.
      2 Warren Rd, Meredith, NY 13753
      View Details
    • $70,000
      18.80 Acres

      Land For Sale in Delhi

      18.8 acres of land available in Delhi, New York.
      Bramley Mountain Rd, Delhi, NY 13753
      View Details
    • $94,000
      15.65 Acres

      Land Parcel in Delhi, NY

      15.65 acre land parcel near amenities in Delhi, NY.
      Warren Rd, Delhi, NY 13753
      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.
    41561-1 State Highway 10
    Delhi, NY 13753
    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
    41561-1 State Highway 10, Delhi, NY, 13753
    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!