Drive-Through Restaurant
New
For Sale
$695,000
127 S Main St, Ellenville, NY 12428
Former restaurant building with outdoor seating, multiple access points, and on-site parking.
Property Size2,893 SF
Price / SF$240.24
Days on Market4
Property Features for 127 S Main St
General Information
Standard status
Active
Size
2,893 SF
Total Parking Spaces
34
Site & Location
Drive-Thru
No
Road Access
Yes
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1962
Listing Agency:
Century 21 Stoeckeler R.E.
Listed By:
Mary Sheeley · License #10491209206
(845) 706-4334
Source:
Amodiorealestate
Added: Sep 20
Last Checked: Sep 22 at 10:09PM
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 Century 21 Stoeckeler R.E.
Investment Insights
Based on property information with market context.
Built in 1962, this 2,893-square-foot restaurant property includes a 1,120-square-foot dining room with seating for approximately 80, additional outdoor seating, and two restrooms. The building is fully sprinklered and equipped with a new Ansul fire suppression system. A 3-phase 400-amp electrical service supports restaurant operations, while the layout and site offer potential for drive-thru service.
The property is located at 127 S Main St in Ellenville, with two curb cuts on State Route 209 and a third access point on Warren Street. On-site parking includes 32 standard spaces and 2 handicapped accessible spaces. The existing improvements provide a foundation for a restaurant, cafe, fast-casual, or other food service operation.
The property is located at 127 S Main St in Ellenville, with two curb cuts on State Route 209 and a third access point on Warren Street. On-site parking includes 32 standard spaces and 2 handicapped accessible spaces. The existing improvements provide a foundation for a restaurant, cafe, fast-casual, or other food service operation.
Key Highlights
- 2,893‑square‑foot restaurant property built in 1962
- 1,120‑square‑foot dining room with seating for approximately 80
- 32 standard parking spaces plus 2 handicapped accessible spaces
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
$37,415
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
5.38%
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%
$748,300
$748.3K
Cap Rate 7%
$534,500
$534.5K
Cap Rate 9%
$415,722
$415.7K
Market Conditions
NOI Build-Up for 2,893 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
$52.1K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$49.9K $17.24/SF
− OpEx
−$12.5K −$4.31/SF
NOI
$37.4K $12.93/SF
Area
Ulster County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$748,300
Cap Rate 7%
$534,500
Cap Rate 9%
$415,722
Alternative Uses
Best Use
Specialty Retail
$534.5K
$467.7K – $623.6K
NOI $37,415 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.05M
$23.67M – $31.56M
NOI $1,893,826 @ 7.0% cap · market cap 272.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Home Improvements & Furnishings 13%
Valero Energy
Shops & Services
5,603 visits/mo
0.2 miles
Dollar General
Shops & Services
4,301 visits/mo
0.2 miles
Ace Hdwe Of Ellenville
Home Improvements & Furnishings
3,571 visits/mo
0.1 miles
Citgo
Shops & Services
3,521 visits/mo
0.2 miles
Mobil
Shops & Services
3,307 visits/mo
0.5 miles
Demographics for 12428, NY
6,969
Population
3,762
Households
1.9
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
55.1 sq mi
ZIP Area
126
Density / Sq Mi
$78,802
Median Household Income
$45,868
Median Earnings
$1,073
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former restaurant building with outdoor seating, multiple access points, and on-site parking.
Where is this drive through restaurant located?
The property is located at 127 S Main St Ellenville, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,893‑square‑foot restaurant property built in 1962; 1,120‑square‑foot dining room with seating for approximately 80; 32 standard parking spaces plus 2 handicapped accessible spaces
