Convenience Store and Gas
For Sale
$1,600,000
1275 State Route 990v, Gilboa, NY 12076
Convenience store with gas sales and propane filling, including a commercial kitchen with an Ansul hood.
Property Size3,840 SF
Price / SF$416.67
Days on Market943
Property Features for 1275 State Route 990v
General Information
Standard status
Active
Size
3,840 SF
Property subtype
General Commercial
Additional Details
Commercial Hood
Yes
Amenities
propane filling station
commercial kitchen
Building Details
Year Built
2018
Listing Agency:
Howard Hanna Capital, Inc.
(518) 364-7406
Listed By:
Jessica Richer · License #10301202070
(518) 364-7406
Source:
Xome
Added: Dec 31, 2023
Changed: Jul 23
Last Checked: Jul 30 at 3:34AM
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 Howard Hanna Capital, Inc.
Investment Insights
Based on property information with market context.
This property is a 3,840 SF convenience store with an on-site gas station offering regular, premium, and diesel gasoline. It also includes a Noland propane filling station for 20/30/100 lb tanks and for RVs. The sale includes the real estate plus the convenience store fixtures, furniture, and equipment, and the convenience store has a commercial kitchen with an Ansul hood.
The property is located at State Route 990V in Conesville, NY. Inventory is stated to be sold separately between the purchaser and seller.
If a purchaser needs housing, the seller owns property next door and it can be purchased separately.
The property is located at State Route 990V in Conesville, NY. Inventory is stated to be sold separately between the purchaser and seller.
If a purchaser needs housing, the seller owns property next door and it can be purchased separately.
Key Highlights
- 3,840 SF convenience store with gas sales and commercial kitchen
- Year built: 2018
- Gas station offers regular, premium, and diesel gasoline
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.0k | $19.80 |
| − Vacancy | −$5.1k | −$1.33 |
| EGI | $70.9k | $18.47 |
| − OpEx | −$17.7k | −$4.62 |
| NOI | $53.2k | $13.86 |
3,840 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$760.0K
$665.0K – $886.7K
NOI $53,203 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$662.8K
$580.0K – $773.3K
NOI $46,397 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 12076, NY
1,247
Population
1,162
Households
1.1
Avg Household Size
52
Median Age
26%
College-Educated
90%
High-School Grad
68.8 sq mi
ZIP Area
18
Density / Sq Mi
$73,056
Median Household Income
$31,573
Median Earnings
$983
Median Rent
$218,200
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?
Gas station - Convenience store with gas sales and propane filling, including a commercial kitchen with an Ansul hood.
Where is this gas station located?
The property is located at 1275 State Route 990v Gilboa, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,840 SF convenience store with gas sales and commercial kitchen; Year built: 2018; Gas station offers regular, premium, and diesel gasoline
