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    168 Chenango St Greene, NY 13778

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    168 Chenango St Greene, NY 13778

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    • Retail properties & Spaces
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    Current Use by Public Records

    • On Common Grounds Coffehouse & Bakery / Cafe & Coffee Shop

    Property Details for 168 Chenango St

    Year built
    1960
    Property type
    Retail properties & Spaces

    Description

    This exceptional commercial property presents a significant development opportunity in the thriving Village of Greene, NY. Located at 168 S Chenango St, this expansive 15,000 square foot building sits on a generous 4.17-acre lot, offering ample space for a variety of commercial ventures. Previously occupied by a large grocery store, the property boasts excellent visibility and accessibility, enhanced by its convenient location next to the new Tractor Supply Store. The substantial building provides significant potential for redevelopment, catering to a wide range of uses including, but not limited to, another food store, retail operations, wholesale distribution, or warehousing. The property's ample parking provides convenient access for customers and employees. The existing infrastructure, including municipal electric service, simplifies the setup and operation of a new business. The expansive lot size also allows for future expansion or the addition of complementary structures. This prime location and substantial building size make this property an attractive investment for entrepreneurs and developers seeking a strong foothold in a growing market. The property is priced at $655,000 and offers a unique chance to establish a thriving business in a desirable location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greene
    County
    Chenango
    State
    New York
    Longitude
    -75.7763
    Latitude
    42.3237

    Comparable in this City

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      3,444 SF

      239 Slater Rd

      VEHICLE SALES, RENTALS • 3,444 SF
      239 Slater Rd, Greene, NY 13778-2413
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      2,020 SF

      519 State Hwy 12

      AUTO REPAIR, GARAGE • 2,020 SF
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      2,706 SF

      3 Water St

      RESTAURANT • 2,706 SF
      3 Water St, Greene, NY 13778-1120
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    • Value Estimation by Request
      7,800 SF

      149 Chenango St Ext

      SHOW ROOM, WAREHOUSE • 7,800 SF
      149 Chenango St Ext, Greene, NY 13778-2301
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    • Value Estimation by Request
      2,040 SF

      119 Riv Vly Ln

      BAR, TAVERN • 2,040 SF
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    Similar Nearby for Sale

    • $655,000
      15,000 SF

      Village of Greene Development Opportunity

      15,000 SF building on 4.17 acres for sale.
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    • $469,000

      Iconic Greene Village Investment Opportunity

      Historic mixed-use building in Greene, NY with reliable income.
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    • Contact for pricing
      2.44 Acres

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    • $30,000
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      Land with Indian Brook Frontage

      5.31 acres of land suitable for home or recreation.
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      View Details
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    168 Chenango St
    Greene, NY 13778
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    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
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