Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    58 Genesee St Greene, NY 13778-1228
    Back to Search
    Property profile & analytics

    58 Genesee St Greene, NY 13778-1228

    View on Map
    • Investment properties
    • 6,080 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US63-2447682
    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

    • Walgreens / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • Matthew Lee / Pharmacy
    • Western Union / Bank / Credit Union
    • Megan Brown / Pharmacy

    Property Details for 58 Genesee St

    Year built
    1870
    Lot size
    0.19 lot acres
    Property size
    6,080 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    083001 236.2-2-4
    APU
    83001236224

    Description

    This exceptional commercial property located at 58 Genesee Street in Greene, New York, presents a rare investment opportunity. The building, situated on a 0.19-acre lot, offers approximately 6080 square feet of space, currently leased to Walgreens under a 10-year lease, generating significant rental income. The main retail space encompasses approximately 2500 square feet, including a break room, storage areas, and restrooms. A second-floor space, heated by electric baseboard units powered by the Greene Municipal electric company, offers additional rental potential. The building boasts a concrete basement floor and walls, providing a solid foundation. Recent improvements include a new rubber roof installed in 2021 and an oil-forced air furnace for the main level. The property benefits from its prime location on Genesee Street (State Highway 206), a major thoroughfare connecting Whitney Point (Interstate 81) and Bainbridge (Interstate 88), ensuring high visibility and accessibility. Greene's strategic location between Binghamton and Norwich further enhances its appeal. The building's strong tenant and desirable location make this a compelling investment prospect. The asking price is $175,000.

    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
    Greene
    County
    Chenango
    State
    New York
    Longitude
    -75.7704
    Latitude
    42.3301

    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
    $25,000
    $107,500
    $132,500
    -
    $34,247
    $147,260
    $181,507

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      1703 County Rd 32

      OFFICE/RESIDENTIAL (MIXED USE) • 1,080 SF
      1703 County Rd 32, Greene, NY 13778-2335
      View Details
    • Value Estimation by Request
      2,156 SF

      68 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,156 SF
      68 Genesee St, Greene, NY 13778-1227
      View Details
    • Value Estimation by Request
      1,040 SF

      194-196 Slater Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,040 SF
      194-196 Slater Rd, Greene, NY 13778
      View Details
    • Value Estimation by Request
      7,414 SF

      46 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,414 SF
      46 Genesee St, Greene, NY 13778-1228
      View Details
    • Value Estimation by Request
      5,760 SF

      2536 State Hwy 206

      OFFICE/RESIDENTIAL (MIXED USE) • 5,760 SF
      2536 State Hwy 206, Greene, NY 13778-2378
      View Details
    • Value Estimation by Request
      3,102 SF

      9 Chenango St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,102 SF
      9 Chenango St, Greene, NY 13778-1212
      View Details

    Similar Nearby for Sale

    • $469,000

      Iconic Greene Village Investment Opportunity

      Historic mixed-use building in Greene, NY with reliable income.
      43-45 Genesee St, Greene, NY 13778
      View Details
    • $64,900

      Mixed-Use Property with Storefront

      Mixed-use property featuring a storefront and residential apartments.
      9 S Chenango St, Greene, NY 13778
      View Details
    • Contact for pricing
      2.44 Acres

      Coventry Vacant Land with Pond

      2.44 acre lot with pond near state forest.
      0WP Bowbell Rd, Coventry, NY 13778
      View Details
    • $655,000
      15,000 SF

      Village of Greene Development Opportunity

      15,000 SF building on 4.17 acres for sale.
      166 S Chenango St S, Greene, NY 13778
      View Details
    • $30,000
      Pending

      Land with Indian Brook Frontage

      5.31 acres of land suitable for home or recreation.
      L20.2 Indian Brk Rd, Greene, NY 13778
      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.
    58 Genesee St
    Greene, NY 13778-1228
    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
    58 Genesee St, Greene, NY, 13778
    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!