Restaurant and Banquet
For Sale
$1,825,000
130 Meyer Road, Halfmoon, NY 12065
Well-known restaurant and banquet facility offered for sale with approximately 3,333 SF.
Property Size3,333 SF
Price / SF$547.55
Days on Market160
Property Features for 130 Meyer Road
General Information
Standard status
Active
Size
3,333 SF
Property subtype
SpecialPurpose
Listing Agency:
CBRE | Albany
Listed By:
Tom Savino · License #Associate Real Estate Broker
(518) 281-4497
Source:
Cbre
Added: May 14
Changed: Oct 14
Last Checked: Oct 19 at 6:06AM
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 CBRE | Albany
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered for sale is a well-known restaurant and banquet facility totaling approximately 3,333 SF. The property is presented as a unique, established operation designed to support both dining and banquet events.
The listing is for the restaurant/banquet facility at 130 Meyer Road in Halfmoon, NY 12065.
This offering is centered on the full restaurant and banquet improvements associated with the existing facility size.
The listing is for the restaurant/banquet facility at 130 Meyer Road in Halfmoon, NY 12065.
This offering is centered on the full restaurant and banquet improvements associated with the existing facility size.
Key Highlights
- Approximately 3,333 SF restaurant/banquet facility offered for sale
- Well‑known, well‑established restaurant/banquet facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,727
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,540
$1.0M
Cap Rate 7%
$738,957
$739.0K
Cap Rate 9%
$574,744
$574.7K
Market Conditions
NOI Build-Up for 3,333 SF
Gross rent
$72.0K $21.60/SF
− Vacancy
−$3.0K −$0.91/SF
EGI
$69.0K $20.69/SF
− OpEx
−$17.2K −$5.17/SF
NOI
$51.7K $15.52/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,540
Cap Rate 7%
$738,957
Cap Rate 9%
$574,744
Alternative Uses
Best Use
Specialty Retail
$739.0K
$646.6K – $862.1K
NOI $51,727 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.6K
$872.9K – $1.16M
NOI $69,833 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-known restaurant and banquet facility offered for sale with approximately 3,333 SF.
Where is this conventional restaurant located?
The property is located at 130 Meyer Road Halfmoon, NY.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Approximately 3,333 SF restaurant/banquet facility offered for sale; Well‑known, well‑established restaurant/banquet facility
