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    1162 Broadway / 9w Esopus, NY 12429

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    For Sale
    $1,695,000

    Well-maintained retail building with open space and parking.

    Type:Commercial
    Property size:
    9,100 SF
    Lot size:
    3.80 Acres
    Price / SF:
    $186/SF
    Added:
    Aug 5, 2025
    Days on Market:
    277
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 1162 Broadway / 9w

    General Information

    Standard status
    Active
    Size
    9,100 SF
    Lot size
    3.80 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Dennis C. Cooper
    Dennis C. Cooper

    Listing agent Dennis C. Cooper License #10401298613

    Listing office Kingston

    Listing date Aug 5, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kingston

    HighLights

    • Versatile open space layout suitable for various retrofits and business types, as permitted by zoning.
    • High visibility location on Rt. 9W with a traffic count of 10,300 vehicles per day.
    • Relatively new construction (built in 2019) and in very good condition.
    • Ample parking with 30 spaces.
    • Only retail space in the area, reducing competition.
    • Located directly next to the local firehouse.

    Overview

    Retail Building with Ample Parking

    This 9,100-square-foot building, constructed as a Dollar Store, features a clear, open layout and 30 parking spaces. Constructed approximately five years ago, the property is in very good condition. Situated on Route 9W, the location benefits from a traffic count of 10,300 vehicles per day. The property is located directly next to the local firehouse and is the only retail space in the immediate area. The zoning allows for a variety of uses, and the open space design provides flexibility for retrofitting. The zoning chart is available for review.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Food Market Daycare Center Home Appliance Store Restaurant Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Esopus
    County
    Ulster
    State
    New York
    Longitude
    -73.9658
    Latitude
    41.8279

    Nearby Similar for Sale

    • $579,900
      7,348 SF

      Esopus Commercial Building on 9W

      7,348 SF commercial building on 1.1 acres for sale.
      447 Broadway, Esopus, NY 12429
      View Details
    • $439,000
      4,035 SF

      Versatile Commercial Property For Sale

      High-traffic location suitable for retail, office, or service-oriented businesses.
      1520 Broadway, Esopus, NY 12429
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained retail building with open space and parking.
    Where is this storefront property located?
    The property is located at 1162 Broadway / 9w Esopus, NY.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Versatile open space layout suitable for various retrofits and business types, as permitted by zoning.; High visibility location on Rt. 9W with a traffic count of 10,300 vehicles per day.; Relatively new construction (built in 2019) and in very good condition.
    (845) 338-5832
    We can help!
    Listing Contact
    Dennis C. Cooper
    Dennis C. Cooper
    Real Estate License ID: 10401298613
    Learn More
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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.

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