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    566 E Main St Malone, NY 12953
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    566 E Main St Malone, NY 12953

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    • Office buildings
    • 1,711 SF
    • 0.42 lot acres
    For Sale
    $159,000
    View Listing →
    Mixed-Use Property in Malone, NY For Sale
    $159,000
    1,711 SF

    Mixed-Use Property in Malone, NY

    Versatile property with office and residential space in Malone.

    566 E Main Street, Malone, NY 12953
    View Listing
    Property ID
    US63-2181092
    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

    • Office buildings

    Property Details for 566 E Main St

    Year built
    1930
    Lot size
    0.42 lot acres
    Property size
    1,711 SF
    Property type
    Office buildings
    APN
    164801 112.27-8-2
    APU
    1648011122782

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.2825
    Latitude
    44.8492
    CBSA code
    31660
    CBSA name
    MALONE, 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
    $30,000
    $54,700
    $84,700
    -
    $50,000
    $91,167
    $141,167

    Comparable in this City

    • Value Estimation by Request
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      436 Main St

      OFFICE BUILDING • 4,550 SF
      436 Main St, Malone, NY 12953-2153
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    • Value Estimation by Request
      11,672 SF

      24 4th St

      PROFESSIONAL BUILDING • 11,672 SF
      24 4th St, Malone, NY 12953-1358
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    • Value Estimation by Request
      4,041 SF

      336 Elm St

      PROFESSIONAL BUILDING • 4,041 SF
      336 Elm St, Malone, NY 12953-1514
      View Details
    • Value Estimation by Request
      2,576 SF

      16 Elm St

      OFFICE BUILDING • 2,576 SF
      16 Elm St, Malone, NY 12953-1507
      View Details
    • Value Estimation by Request
      7,808 SF

      31 Elm St

      PROFESSIONAL BUILDING • 7,808 SF
      31 Elm St, Malone, NY 12953-1561
      View Details
    • Value Estimation by Request
      3,552 SF

      3415 State Rte 11

      OFFICE BUILDING • 3,552 SF
      3415 State Rte 11, Malone, NY 12953-4715
      View Details

    Similar Nearby for Sale

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      Three-Story Commercial Building in Malone

      Three-story commercial building in the heart of Malone, New York.
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    • New
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      Historic Brick Building in Malone

      6,900 sq ft commercial building with renovation potential.
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      1,500 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring office space and residential apartment.
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      View Details
    • $110,000
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      Mixed-Use Property in Malone, NY

      Mixed-use property featuring office space and an apartment.
      269 W Main St, Malone, NY 12953
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    • $139,900
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      Mixed-Use Buildings Near Courthouse

      Two commercial buildings with apartments and office space in Malone.
      10 Railroad St, Malone, NY 12953
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    • $159,000
      1,711 SF

      Mixed-Use Property in Malone, NY

      Versatile property with office and residential space in Malone.
      566 E Main St, Malone, NY 12953
      View Details

    Similar Nearby for Lease

    • $995 /Mo
      1,100 SF

      Professional Office Space in Malone

      Professional office space in the heart of Malone's business district.
      453 E Main St, Malone, NY 12953
      View Details
    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces ranging from 1,800 to 36,872 SqFt available.
      230 W Main St, Malone, NY 12953
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease.
      53 Finney Blvd, Malone, NY 12953
      View Details
    View Listing
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    Malone, NY 12953
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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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