Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2609 2Nd Ave Watervliet, NY 12189

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,000,000

    Neighborhood retail center with strong draw, near I-787.

    Property size:
    8,775 SF

    Property Features for 2609 2Nd Ave

    General Information

    Size
    8,775 SF

    We can help!

    Listing Contact
    Pyramid Brokerage Albany
    Source: Pyramidbrokerage

    Listing Agent: Pyramid Brokerage Albany

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

    Learn more

    Property Insight Report

    Overview

    Retail Plaza For Sale

    This retail plaza is available for sale and functions as a neighborhood retail center that attracts customers from surrounding towns. The property is 8,775 square feet. It is located near I-787.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Albany
    State
    New York
    Longitude
    -73.7010917
    Latitude
    42.7362889

    Nearby Similar for Sale

    • $4,400,000
      3,724 SF

      Watervliet Multi-Family Investment Opportunity

      Well-maintained, renovated 4-unit building with desirable amenities in Watervliet, NY.
      2413-2415 6Th Ave, Watervliet, NY 12189
      View Details
    • $449,900
      2,728 SF

      Watervliet Two-Family Home with Garage

      Two-family home on a corner lot with a three-car garage.
      343 Watervliet Shaker Rd, Watervliet, NY 12189
      View Details
    • New
      $229,999
      2,430 SF

      Watervliet Two-Family Investment Opportunity

      Two-unit property in Watervliet, ideal for investors or owner-occupants.
      1333 Broadway, Watervliet, NY 12189
      View Details
    • New
      $296,000
      2,130 SF

      Watervliet Two-Family House with Garage

      Well-maintained two-family house with garage in Watervliet, NY.
      616 23Rd St, Watervliet, NY 12189
      View Details
    • $345,000
      Pending

      Updated Duplex in Watervliet

      Turnkey duplex with modern updates, ideal for owners or investors.
      902 24Th St, Watervliet, NY 12189
      View Details
    • New
      $299,900
      Pending

      Watervliet Multi-Unit Investment Opportunity

      Multi-unit property with three units, off-street parking, and detached garage.
      5 Grotto Ct, Watervliet, NY 12189
      View Details
    • $259,000
      Pending

      Spacious Two-Family Property

      Two-family property with flexible layout and convenient location.
      585 6Th Ave, Watervliet, NY 12189
      View Details
    • $279,900
      Pending

      Updated Three-Unit Multifamily Property

      Updated three-unit property in Watervliet, ideal for investors.
      1886 3Rd St, Watervliet, NY 12189
      View Details
    • $275,000
      2,392 SF

      Watervliet Two-Unit Home

      Well-maintained two-unit home in a convenient Watervliet neighborhood.
      504 2Nd St, Watervliet, NY 12189
      View Details
    • $269,000
      2,208 SF

      Renovated Two-Unit Multifamily Property

      Recently renovated two-unit property in Watervliet, New York.
      1206 5Th Ave, Watervliet, NY 12189
      View Details
    • $270,000
      2,560 SF

      Watervliet Two-Family Investment Opportunity

      Well-maintained two-family property with strong rental potential.
      902 19Th St, Watervliet, NY 12189
      View Details
    • $274,900
      Pending

      Renovated Duplex in Watervliet, NY

      Fully renovated duplex near shops and highways, ideal for investors.
      1529 7Th Ave, Watervliet, NY 12189
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Neighborhood retail center with strong draw, near I-787.
    Where is this neighborhood center located?
    The property is located at 2609 2Nd Ave Watervliet, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Top performing Family Dollar location nationally, a key investment highlight.; - Strong draw from neighboring towns, benefiting all tenants.; - Great neighborhood retail center, a community hub.
    (518) 452-2700
    Request Owner's contact information
    2609 2Nd Ave Watervliet, NY 12189
    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.
    2609 2Nd Ave
    Watervliet, NY 12189
    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
    2609 2Nd Ave Watervliet, NY 12189
    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

    We can help!
    Listing Contact
    Pyramid Brokerage Albany
    (518) 452-2700 (518) 469-2836 (518) 587-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!