Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    187 Main St Unadilla, NY 13849-2441
    Back to Search
    Property profile & analytics

    187 Main St, Unadilla, NY 13849-2441

    View on Map
    • Showrooms
    • 12,480 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US63-4211593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kim's Creative Cuts / Hair Salon

    Property Details for 187 Main St

    Year built
    1879
    Lot size
    0.27 lot acres
    Property type
    Showrooms
    APN
    366201 334.19-1-24.00
    APU
    3662013341912400

    Description

    This exceptional 10,145 square foot mixed-use building at 187 Main St, Unadilla, NY, presents a unique investment opportunity. Situated on a 0.27-acre lot, the property boasts four ground-floor commercial units, including a fully equipped former pizzeria. The pizzeria features two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, a six-burner stove and hood, a walk-in cooler, triple wash sinks, and extensive stainless steel and refrigerated prep surfaces. Ample storage is available in the full basement, including a walk-in freezer and additional refrigeration. The pizzeria also includes tables, chairs, a large dining area, two public restrooms, and handicap accessibility. The remaining three ground-floor units offer excellent street frontage on Main Street. Upstairs, the second floor offers significant potential. With 20-foot ceilings, original wood floors, and large windows, this space features a bar and kitchen area, and multiple rooms adaptable for additional rental units or shops. The property includes parking spaces behind the building, plus convenient access to a large adjacent town parking lot. The first floor alone offers a potential capitalization rate exceeding 10% when fully leased, making the second floor a substantial bonus. This property is ideal for a savvy investor seeking strong cash flow and significant upside potential. The building's history and location offer a unique opportunity to contribute to the local community while generating substantial income. The asking price is $275,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Unadilla
    County
    Otsego
    State
    New York
    Longitude
    -75.3162
    Latitude
    42.3251
    CBSA code
    36580
    CBSA name
    ONEONTA, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $10,400
    $112,700
    $123,100
    -
    $22,128
    $239,787
    $261,915

    Comparable in this City

    • Value Estimation by Request
      3,152 SF

      192 Main St

      SHOW ROOM, WAREHOUSE
      192 Main St, Unadilla, NY 13849-2441
      View Details
    • Value Estimation by Request
      6,636 SF

      Clifton St

      SHOW ROOM, WAREHOUSE
      Clifton St, Unadilla, NY 13849
      View Details
    • Value Estimation by Request
      11,145 SF

      1687 State Hwy 7th 7

      SHOW ROOM, WAREHOUSE
      1687 State Hwy 7th 7, Unadilla, NY 13849-2275
      View Details
    • Value Estimation by Request
      7,680 SF

      183 Main St

      SHOW ROOM, WAREHOUSE
      183 Main St, Unadilla, NY 13849-2441
      View Details
    • Value Estimation by Request
      3,272 SF

      229 Main St

      SHOW ROOM, WAREHOUSE
      229 Main St, Unadilla, NY 13849-2245
      View Details
    • Value Estimation by Request
      2,728 SF

      1755 State Hwy 7th 7

      SHOW ROOM, WAREHOUSE
      1755 State Hwy 7th 7, Unadilla, NY 13849-2283
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,280 SF

      Turnkey Commercial Service Facility

      Ready-to-use commercial facility with service bays and recent updates.
      184 Main St, Unadilla, NY 13849
      View Details
    • $185,000
      0.17 Acres

      Prime Unadilla Commercial Property

      0.17-acre lot, $185,000
      191 Main St, Unadilla, NY 13849
      View Details
    • $724,900
      49.99 Acres

      Unadilla Horse Farm with Ranch

      49.99-acre horse farm with updated barn and ranch house.
      167 Co Hwy 3A, Unadilla, NY 13849
      View Details
    • $34,900
      Pending

      Unadilla Land with Scenic Views

      South-facing 13+ acre parcel with meadows and wooded areas.
      Sisson Hill Rd, Unadilla, NY 13849
      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.
    187 Main St
    Unadilla, NY 13849-2441
    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
    187 Main St, Unadilla, NY, 13849
    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!