Equipped Restaurant and Event
For Sale
$1,095,000
7400 State Route 209, Napanoch, NY 12458
Freestanding restaurant and catering property with multiple dining areas, event facilities, and extensive on-site parking.
Property Size6,700 SF
Lot Size5.90 Acres
Price / SF$163.43
Days on Market523
Property Features for 7400 State Route 209
General Information
Standard status
Active
Size
6,700 SF
Total Parking Spaces
250
Lot size
5.90 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Sprinkler System
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$24,896
Amenities
alarm system
central AC
heated event tent
Central Air
3
Parking. Corner Lot.
250 Parking Spaces. Carport, Lot.
Level
Corner, Clear lot, Level.
Building Details
Year Built
2006
Buildings
1
Listing Agency:
(845) 798-2300
Listed By:
Malek Properties
(845) 798-2300
Source:
Xome
Added: Mar 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:05PM
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 Malek Properties
Investment Insights
Based on property information with market context.
This 6,700-square-foot restaurant property combines dining, catering, and event functionality within a two-level building. The main level includes several dining rooms, a large bar, a private wedding suite with restrooms and lounge space, and a fully equipped kitchen. Central air, a sprinkler system, and an alarm system are in place. The upper level provides offices, storage, and an additional restroom, while exterior containers and interior shelving support seasonal and operational storage.
The 5.9+/- acre corner property includes 250 parking spaces and frontage exposure of 1200+ feet along US Route 209 and 1100+ feet along Old Route 209. It is next to Walmart, backed by Tractor Supply, and across from a facility employing over 600 people. The sale includes walk-in units, kitchen equipment, tables, chairs, tableware, bar equipment, glassware, TVs, and other furnishings, along with an 8000-square-foot heated event tent featuring chandeliers, a wet bar, and dance floor.
The 5.9+/- acre corner property includes 250 parking spaces and frontage exposure of 1200+ feet along US Route 209 and 1100+ feet along Old Route 209. It is next to Walmart, backed by Tractor Supply, and across from a facility employing over 600 people. The sale includes walk-in units, kitchen equipment, tables, chairs, tableware, bar equipment, glassware, TVs, and other furnishings, along with an 8000-square-foot heated event tent featuring chandeliers, a wet bar, and dance floor.
Key Highlights
- 6,700 SF restaurant building on 5.9+/- acres
- 250 parking spaces on a corner property
- 1200+ feet of exposure on US Route 209 and 1100+ feet on Old Route 209
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
$86,651
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
7.91%
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%
$1,733,020
$1.7M
Cap Rate 7%
$1,237,871
$1.2M
Cap Rate 9%
$962,789
$962.8K
Market Conditions
NOI Build-Up for 6,700 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
$120.6K $18.00/SF
− Vacancy
−$5.1K −$0.76/SF
EGI
$115.5K $17.24/SF
− OpEx
−$28.9K −$4.31/SF
NOI
$86.7K $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%
$1,733,020
Cap Rate 7%
$1,237,871
Cap Rate 9%
$962,789
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,651 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$562.0K
$491.8K – $655.7K
NOI $39,340 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$62.66M
$54.82M – $73.10M
NOI $4,385,977 @ 7.0% cap · market cap 400.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 84%
Home Improvements & Furnishings 16%
Walmart
Superstores
45,703 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,607 visits/mo
0.2 miles
Demographics for 12458, NY
3,488
Population
985
Households
3.5
Avg Household Size
43
Median Age
9%
College-Educated
57%
High-School Grad
39.5 sq mi
ZIP Area
88
Density / Sq Mi
$65,547
Median Household Income
$47,668
Median Earnings
$1,688
Median Rent
$206,300
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?
Conventional restaurant - Freestanding restaurant and catering property with multiple dining areas, event facilities, and extensive on-site parking.
Where is this conventional restaurant located?
The property is located at 7400 State Route 209 Napanoch, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 6,700 SF restaurant building on 5.9+/- acres; 250 parking spaces on a corner property; 1200+ feet of exposure on US Route 209 and 1100+ feet on Old Route 209
