Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2596 State Rte 145 Middleburgh, NY 12122-5104
    Back to Search
    Property profile & analytics

    2596 State Rte 145, Middleburgh, NY 12122-5104

    View on Map
    • Investment properties
    • 1,808 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Sep 21, 2022
    $160,000
    Property ID
    US63-2898065
    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 2596 State Rte 145

    Year built
    1978
    Lot size
    1.00 lot acres
    Zone code
    R3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    433889 95.-6-1
    APU
    4338899561

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 21, 2022 $160,000 Patriot Prop Improvem LLC Craig Rumph Warranty Deed $128k · The National Bank Of Coxsackie
    Feb 13, 2017 — Craig Rumph — Deed · related $29k · Jean C Mallery

    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
    Middleburgh
    County
    Schoharie
    State
    New York
    Longitude
    -74.3496
    Latitude
    42.6144
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN 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
    2020
    $6,359
    $15,000
    $70,500
    $85,500
    -
    $29,412
    $138,235
    $167,647

    Comparable in this City

    • Value Estimation by Request
      3,338 SF

      112 Railroad Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      112 Railroad Ave, Middleburgh, NY 12122-7700
      View Details
    • Value Estimation by Request
      6,240 SF

      343 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      343 Main St, Middleburgh, NY 12122
      View Details
    • Value Estimation by Request
      2,975 SF

      313 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      313 Main St, Middleburgh, NY 12122
      View Details
    • Value Estimation by Request
      3,916 SF

      331 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      331 Main St, Middleburgh, NY 12122-6522
      View Details
    • Value Estimation by Request
      4,390 SF

      4170 State Rte 30

      OFFICE/RESIDENTIAL (MIXED USE)
      4170 State Rte 30, Middleburgh, NY 12122-5120
      View Details
    • Value Estimation by Request
      0.13 Acres

      337 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      337 Main St, Middleburgh, NY 12122-7736
      View Details

    Similar Nearby for Sale

    • $429,000
      2,516 SF

      Mixed-Use Building with Established Business

      Income-producing mixed-use property with long-term tenants and established wine business.
      107 Railroad Ave, Middleburgh, NY 12122
      View Details
    • $899,900
      8,280 SF

      Mixed-Use Building with Restaurant

      Mixed-use property in Middleburgh, NY with strong rental income.
      334 Main St, Middleburgh, NY 12122
      View Details
    • Contact for pricing
      8,280 SF

      Three-Story Mixed-Use Building

      Three-story brick mixed-use building with a turnkey restaurant and seven rental units above, plus off-street parking.
      334 Main St, Middleburgh, NY 12122
      View Details
    • $899,900
      8,280 SF

      Middleburgh Mixed-Use Investment Opportunity

      Three-story mixed-use building with restaurant and residential units for sale.
      334 Main St, Middleburgh, NY 12122
      View Details
    • $119,900
      1 SF

      Commercial Land in Middleburgh

      1.17-acre commercial parcel with road frontage in Middleburgh, NY.
      223 River St, Middleburgh, NY 12122
      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.
    2596 State Rte 145
    Middleburgh, NY 12122-5104
    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
    2596 State Rte 145, Middleburgh, NY, 12122
    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!