Freestanding Restaurant
New
For Sale
$585,000
1785 Western Avenue, Guilderland, NY 12203
Renovated restaurant property with on-site parking and a finished commercial layout.
Property Size1,714 SF
Price / SF$341.31
Days on Market4
Property Features for 1785 Western Avenue
General Information
Standard status
Active
Size
1,714 SF
Total Parking Spaces
14
Zoning
Mixed
Taxes and HOA fees
Annual Taxes
$9,465
Building Details
Year Renovated
2020
Buildings
1
Listing Agency:
Jandali Realty
Listed By:
Kareem Jandali · License #10371200250
(518) 542-3506
Source:
Capmarkrealty
Added: Sep 11
Last Checked: Sep 14 at 5:33AM
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 Jandali Realty
Investment Insights
Based on property information with market context.
This freestanding restaurant property offers 1,714 SF of built-out space with an efficient interior arrangement and modern finishes. Renovations were completed in 2020, and the building is configured for restaurant operations with approximately 14 parking spots on site.
The property fronts Western Ave in Guilderland and is positioned near the Capital Region’s first Costco. Its location provides direct exposure to a heavily traveled commercial corridor, with surrounding retail activity supporting customer access and visibility. Mixed zoning is in place.
The property fronts Western Ave in Guilderland and is positioned near the Capital Region’s first Costco. Its location provides direct exposure to a heavily traveled commercial corridor, with surrounding retail activity supporting customer access and visibility. Mixed zoning is in place.
Key Highlights
- 1,714 SF freestanding restaurant building
- Renovated in 2020 with modern finishes
- Approximately 14 parking spots
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
$22,167
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
3.79%
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%
$443,340
$443.3K
Cap Rate 7%
$316,671
$316.7K
Cap Rate 9%
$246,300
$246.3K
Market Conditions
NOI Build-Up for 1,714 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
$30.9K $18.00/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$29.6K $17.24/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$22.2K $12.93/SF
Area
Albany 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%
$443,340
Cap Rate 7%
$316,671
Cap Rate 9%
$246,300
Alternative Uses
Best Use
Specialty Retail
$316.7K
$277.1K – $369.5K
NOI $22,167 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$295.6K
$258.6K – $344.8K
NOI $20,689 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$534.8K
$468.0K – $624.0K
NOI $37,439 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 25%
Home Improvements & Furnishings 15%
Cumberland Farms
Shops & Services
8,399 visits/mo
0.4 miles
Jimmy's Egg
Dining
4,445 visits/mo
0.1 miles
Robinson's Hardware
Home Improvements & Furnishings
3,958 visits/mo
0.5 miles
AutoZone
Shops & Services
3,152 visits/mo
0.1 miles
SUBWAY
Dining
2,114 visits/mo
0.1 miles
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Renovated restaurant property with on-site parking and a finished commercial layout.
Where is this restaurant located?
The property is located at 1785 Western Avenue Guilderland, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,714 SF freestanding restaurant building; Renovated in 2020 with modern finishes; Approximately 14 parking spots
