Salon-Built Retail
For Sale
Contact for pricing
Pending
2093 Western Avenue, Guilderland, NY 12084
Existing salon and spa improvements support room-by-room or full-space occupancy.
Property Size3,072 SF
Days on Market743
Property Features for 2093 Western Avenue
General Information
Standard status
Pending
Size
3,072 SF
Property subtype
Retail
Building Details
Year Built
1988
Listing Agency:
Carrow Real Estate Services LLC
(518) 462-7491
Listed By:
Kyle J Bradley · License #10301224313
(845) 325-1568
Source:
Simplywoodardrealestate
Added: Oct 21, 2024
Changed: Nov 1
Last Checked: Nov 1 at 4:18PM
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 Carrow Real Estate Services LLC
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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.
This retail space at 2093 Western Avenue is configured as a salon and spa. The space can be occupied in its entirety or offered by room or chair. The stated potential uses include retail and office, as well as salon, spa, and dispensary operations.
At the intersection of Western Avenue and New Karner Road in Guilderland, the property is across from a mall with Market 32, Vent Fitness, Starbucks, Dunkin Donuts, Villa Italia, and Junior's Bar & Grill among its tenants. The intersection sees more than 40,000 cars pass daily. The building was constructed in 1988.
At the intersection of Western Avenue and New Karner Road in Guilderland, the property is across from a mall with Market 32, Vent Fitness, Starbucks, Dunkin Donuts, Villa Italia, and Junior's Bar & Grill among its tenants. The intersection sees more than 40,000 cars pass daily. The building was constructed in 1988.
Key Highlights
- Salon and spa buildout with room- or chair‑based occupancy options
- At Western Avenue and New Karner Road in Guilderland
- Over 40,000 cars pass the intersection every day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,081
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,620
$741.6K
Cap Rate 7%
$529,729
$529.7K
Cap Rate 9%
$412,011
$412.0K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$55.3K $18.00/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$53.0K $17.24/SF
− OpEx
−$15.9K −$5.17/SF
NOI
$37.1K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,620
Cap Rate 7%
$529,729
Cap Rate 9%
$412,011
Alternative Uses
Best Use
Retail
$529.7K
$463.5K – $618.0K
NOI $37,081 @ 7.0% cap · market cap 1,158.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.6K
$838.8K – $1.12M
NOI $67,102 @ 7.0% cap · market cap 2,096.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 35%
Apparel 12%
Electronics 2%
Starbucks
Dining
16,444 visits/mo
0.0 miles
Dunkin' Donuts
Dining
14,623 visits/mo
0.1 miles
Splash Car Wash Express
Shops & Services
13,604 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,052 visits/mo
0.1 miles
Goodwill
Apparel
10,899 visits/mo
0.3 miles
Demographics for 12084, NY
4,658
Population
2,332
Households
2
Avg Household Size
37
Median Age
60%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
1,226
Density / Sq Mi
$86,968
Median Household Income
$56,875
Median Earnings
$1,589
Median Rent
$325,800
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
Frequently Asked Questions
What type of property is this?
Retail space - Existing salon and spa improvements support room-by-room or full-space occupancy.
Where is this retail space located?
The property is located at 2093 Western Avenue Guilderland, NY.
What are key features of this property?
This property features: Salon and spa buildout with room- or chair‑based occupancy options; At Western Avenue and New Karner Road in Guilderland; Over 40,000 cars pass the intersection every day
