Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1527 State Route 7 Richmondville, NY 12149

    • Retail properties
    • 0.20 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1527 State Route 7

    Year built
    2015
    Lot size
    0.20 lot acres
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located at 1527 State Route 7, Unit 1527, in Richmondville, NY. Situated on a 0.2-acre lot, this property offers excellent visibility and accessibility for customers. The building's precise square footage is currently unavailable, however, the property's prime location on State Route 7 ensures high traffic volume, making it ideal for a variety of retail businesses. The property is categorized as retail space, presenting a unique chance for entrepreneurs to establish a thriving business in a vibrant community. The asking price is currently being determined. This is a fantastic chance to secure a well-positioned retail space in a desirable location. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's strategic location along a major thoroughfare promises significant foot traffic and easy access for customers. This presents a compelling investment opportunity for those seeking a high-impact retail presence in Richmondville. The absence of a listed price reflects the seller's willingness to consider various offers. Serious inquiries are welcome. The 0.2-acre lot provides ample space for potential expansion or outdoor display areas, further enhancing the property's appeal. Don't miss this chance to own a piece of Richmondville's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmondville
    County
    Schoharie
    State
    New York
    Longitude
    -74.5123
    Latitude
    42.6563

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Smt St

      PARKING LOT • 0.12 Acres
      Smt St, Richmondville, NY 12149
      View Details
    • Value Estimation by Request
      2,400 SF

      1491 State Rte 7th 7

      AUTO REPAIR, GARAGE • 2,400 SF
      1491 State Rte 7th 7, Richmondville, NY 12149
      View Details
    • Value Estimation by Request
      1,500 SF

      334 Main St

      SHOW ROOM, WAREHOUSE • 1,500 SF
      334 Main St, Richmondville, NY 12149
      View Details
    • Value Estimation
      $2,485,000
      23,544 SF

      145 Podpadic Rd

      SHOW ROOM, WAREHOUSE • 23,544 SF
      145 Podpadic Rd, Richmondville, NY 12149-2205
      View Details
    • Value Estimation
      $2,015,000
      16,800 SF

      1181 State Rte 7th 7

      MINI-MALL • 16,800 SF
      1181 State Rte 7th 7, Richmondville, NY 12149-3514
      View Details
    • Value Estimation by Request
      5,508 SF

      289 Main St

      SHOW ROOM, WAREHOUSE • 5,508 SF
      289 Main St, Richmondville, NY 12149
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.20 Acres

      Prime Richmondville Retail Space

      High-visibility retail unit, 0.2-acre lot.
      1527 State Route 7, Richmondville, NY 12149
      View Details
    • New
      $74,900
      Pending

      Richmondville Land: 15-Acre Parcel

      15-acre parcel in Richmondville, NY, ideal for building a home.
      L3.2 Brooker Holw Rd, Richmondville, NY 12149
      View Details
    • $329,900
      2,672 SF

      Richmondville Income-Producing Multi-Family Property

      Two homes on 3 acres, ideal for rental income.
      401 State Route 7, Richmondville, NY 12149
      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.
    1527 State Route 7
    Richmondville, NY 12149
    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

    Google sign-in failed. Please try again or use another login method.