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    2470 State Hwy 30 Mayfield, NY 12117-4000
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    Property profile & analytics

    2470 State Hwy 30 Mayfield, NY 12117-4000

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    • Investment properties
    • 1,176 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US63-3876069
    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

    • Investment properties

    Property Details for 2470 State Hwy 30

    Year built
    1955
    Lot size
    0.25 lot acres
    Property size
    1,176 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    173001 104.9-1-4
    APU
    173001104914

    Description

    This exceptional mixed-use property, situated at 2470 State Highway 30 Unit 2470 in Mayfield, New York, presents a compelling investment opportunity. The property encompasses a generous 0.25-acre lot, offering significant potential for expansion or redevelopment. The building itself is a mixed-use structure, ideal for a variety of commercial and/or residential applications. Its strategic location on State Highway 30 ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the Mayfield market. The asking price of $149,900 represents a competitive entry point into the Mayfield commercial real estate market. Given the property's size, location, and versatile nature, this offering presents a unique chance to acquire a valuable asset with considerable upside potential. Further due diligence is encouraged to fully explore the possibilities this property offers. The absence of square footage information in the provided data necessitates an on-site inspection to determine the precise dimensions of the building. Interested parties are urged to conduct a thorough assessment to confirm the property's suitability for their intended use. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving community. Don't miss out on this chance to secure a valuable asset in a desirable location.

    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
    Mayfield
    County
    Fulton
    State
    New York
    Longitude
    -74.2679
    Latitude
    43.1097
    CBSA code
    24100
    CBSA name
    GLOVERSVILLE, 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
    $20,000
    $78,800
    $98,800
    -
    $47,619
    $187,619
    $235,238

    Comparable in this City

    • Value Estimation by Request
      3,824 SF

      44 Main St

      STORE/OFFICE (MIXED USE) • 3,824 SF
      44 Main St, Mayfield, NY 12117-3981
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    • Value Estimation by Request
      5,040 SF

      865 State Hwy 30

      STORE/OFFICE (MIXED USE) • 5,040 SF
      865 State Hwy 30, Mayfield, NY 12117-3742
      View Details
    • Value Estimation by Request
      2,660 SF

      1678 State Hwy 30

      STORE/OFFICE (MIXED USE) • 2,660 SF
      1678 State Hwy 30, Mayfield, NY 12117-3757
      View Details
    • Value Estimation by Request
      3,580 SF

      2474 State Hwy 30

      STORE/OFFICE (MIXED USE) • 3,580 SF
      2474 State Hwy 30, Mayfield, NY 12117-3493
      View Details
    • Value Estimation by Request
      2,352 SF

      957 State Hwy 30

      STORE/OFFICE (MIXED USE) • 2,352 SF
      957 State Hwy 30, Mayfield, NY 12117-3744
      View Details
    • Value Estimation by Request
      1,560 SF

      State Hwy 30

      STORE/OFFICE (MIXED USE) • 1,560 SF
      State Hwy 30, Mayfield, NY 12117
      View Details

    Similar Nearby for Sale

    • $850,000
      60,984 SF

      Commercial Property with Great Potential

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    • $949,000
      13,500 SF

      Warehouse with Office and Expansion

      Warehouse with office space, loading dock, and expansion potential.
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    2470 State Hwy 30
    Mayfield, NY 12117-4000
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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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