Profitable Restaurant Business
For Sale
$749,999
33 Harper St, Stamford, NY 12167
Successful, growing restaurant business for sale in Stamford, NY.
Property Size1,909 SF
Lot Size0.73 Acres
Days on Market266
Property Features for 33 Harper St
General Information
Standard status
Active
Size
1,909 SF
Lot size
0.73 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,111
Building Details
Building Size
1,909 SF
Year Built
2018
Stories
1
Listing Agency:
KW Upstate NY Properties
(516) 974-8882
Listed By:
Stefan Marikovics · License #10401283598
(516) 974-8882
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 13
Last Checked: Aug 19 at 1:00PM
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 KW Upstate NY Properties
Investment Insights
Based on property information with market context.
This is an opportunity to take over a successful restaurant business. The business has been developed over the years and maintains profitability. The bottom line has been increasing steadily yearly. The location is a staple of the community. This investment has upside potential. The property is suitable for restaurants, retail properties, and turn-key restaurant businesses.
Key Highlights
- Highly profitable restaurant with steadily increasing yearly revenue.
- Well‑established and respected business within the community.
- Significant upside potential for future growth.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,200
$645.2K
Cap Rate 7%
$460,857
$460.9K
Cap Rate 9%
$358,444
$358.4K
Market Conditions
NOI Build-Up for 1,909 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.1K $25.20/SF
− Vacancy
−$2.0K −$1.06/SF
EGI
$46.1K $24.14/SF
− OpEx
−$13.8K −$7.24/SF
NOI
$32.3K $16.90/SF
Area
Delaware County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,200
Cap Rate 7%
$460,857
Cap Rate 9%
$358,444
Alternative Uses
Best Use
Retail
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 4.30%
Second Best
Specialty Retail
$423.2K
$370.3K – $493.8K
NOI $29,627 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$936.6K
$819.5K – $1.09M
NOI $65,563 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 69%
Shops & Services 31%
Tops Friendly Markets
Groceries
8,887 visits/mo
0.2 miles
Sunoco
Shops & Services
1,559 visits/mo
0.1 miles
Wayne Bank
Shops & Services
1,384 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
967 visits/mo
0.3 miles
Demographics for 12167, NY
2,342
Population
1,486
Households
1.6
Avg Household Size
52
Median Age
21%
College-Educated
91%
High-School Grad
53.5 sq mi
ZIP Area
44
Density / Sq Mi
$58,950
Median Household Income
$31,481
Median Earnings
$838
Median Rent
$192,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Successful, growing restaurant business for sale in Stamford, NY.
Where is this restaurant located?
The property is located at 33 Harper St Stamford, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Highly profitable restaurant with steadily increasing yearly revenue.; Well‑established and respected business within the community.; Significant upside potential for future growth.
